CHGX vs. RPG

Last updated Jul 14, 2026

CHGX (Change Finance U.S. Large Cap Fossil Fuel Free ETF) and RPG (Invesco S&P 500 Pure Growth ETF) are both Large Cap Growth Equities funds - CHGX tracks the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index while RPG tracks the S&P 500/Citigroup Pure Growth Index. Both are passively managed. Over the past 5 years, CHGX returned 9.79%/yr vs 10.20%/yr for RPG. Their correlation of 0.83 suggests significant overlap in exposure. CHGX charges 0.49%/yr vs 0.35%/yr for RPG.

Performance

CHGX vs. RPG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) and Invesco S&P 500 Pure Growth ETF (RPG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHGX achieves a 20.65% return, which is significantly lower than RPG's 26.05% return.

CHGX

• 1D: -0.75%
• 1M: -0.60%
• 6M: 17.45%
• YTD: 20.65%
• 1Y: 26.87%
• 3Y*: 18.18%
• 5Y*: 9.79%
• 10Y*: —

RPG

• 1D: -3.18%
• 1M: -3.30%
• 6M: 20.83%
• YTD: 26.05%
• 1Y: 28.01%
• 3Y*: 24.71%
• 5Y*: 10.20%
• 10Y*: 14.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CHGX vs. RPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	20.65%	12.13%	15.16%	23.65%	-21.77%	22.72%	24.10%	33.07%	-5.79%	4.22%
RPG Invesco S&P 500 Pure Growth ETF	26.05%	13.41%	28.23%	8.04%	-27.55%	29.40%	29.34%	28.34%	-4.53%	3.62%

Correlation

The correlation between CHGX and RPG is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017	0.83

The correlation between CHGX and RPG has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

CHGX vs. RPG - Sectors Allocation Comparison

Sectors	CHGX	RPG
Technology	30.6%	45.8%
Financial Services	17.7%	5.4%
Healthcare	15.7%	6.0%
Consumer Cyclical	12.0%	12.8%
Communication Services	8.0%	7.0%
Industrials	5.8%	14.2%
Real Estate	4.1%	0.9%
Basic Materials	3.3%	1.2%
Consumer Defensive	2.9%	1.1%
Energy	2.2%	1.5%
Utilities	1.0%	2.7%

Return for Risk

CHGX vs. RPG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHGX

CHGX Risk / Return Rank: 73
CHGX Sharpe Ratio Rank: 73
CHGX Sortino Ratio Rank: 71
CHGX Omega Ratio Rank: 66
CHGX Calmar Ratio Rank: 77
CHGX Martin Ratio Rank: 79

RPG

RPG Risk / Return Rank: 50
RPG Sharpe Ratio Rank: 42
RPG Sortino Ratio Rank: 40
RPG Omega Ratio Rank: 42
RPG Calmar Ratio Rank: 64
RPG Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHGX vs. RPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) and Invesco S&P 500 Pure Growth ETF (RPG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CHGX	RPG	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.20	+0.65
Sortino ratio: Return per unit of downside risk	2.57	1.70	+0.87
Omega ratio: Gain probability vs. loss probability	1.31	1.22	+0.09
Calmar ratio: Return relative to maximum drawdown	3.17	2.54	+0.63
Martin ratio: Return relative to average drawdown	11.99	8.91	+3.08

CHGX vs. RPG - Sharpe Ratio Comparison

The current CHGX Sharpe Ratio is 1.85, which is higher than the RPG Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of CHGX and RPG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CHGX vs. RPG - Drawdown Comparison

The maximum CHGX drawdown since its inception was -35.49%, smaller than the maximum RPG drawdown of -53.27%. Use the drawdown chart below to compare losses from any high point for CHGX and RPG.

Drawdown Indicators

	CHGX	RPG	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-53.27%	+17.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-11.08%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	-24.75%	+6.66%
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	-35.59%	+5.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.58%	—
Current Drawdown Current decline from peak	-2.12%	-7.92%	+5.80%
Average Drawdown Average peak-to-trough decline	-6.37%	-8.82%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	3.15%	-0.90%

Volatility

CHGX vs. RPG - Volatility Comparison

The current volatility for Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) is 4.62%, while Invesco S&P 500 Pure Growth ETF (RPG) has a volatility of 12.38%. This indicates that CHGX experiences smaller price fluctuations and is considered to be less risky than RPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHGX	RPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	12.38%	-7.76%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	20.52%	-8.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.60%	23.48%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	24.14%	-6.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.34%	23.01%	-3.67%

CHGX vs. RPG - Expense Ratio Comparison

CHGX has a 0.49% expense ratio, which is higher than RPG's 0.35% expense ratio.

Dividends

CHGX vs. RPG - Dividend Comparison

CHGX's dividend yield for the trailing twelve months is around 0.56%, more than RPG's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	0.56%	0.67%	0.76%	0.94%	1.11%	0.56%	0.58%	0.86%	0.00%	0.59%	0.00%	0.00%
RPG Invesco S&P 500 Pure Growth ETF	0.16%	0.24%	0.25%	1.44%	0.74%	0.00%	0.46%	0.83%	0.47%	0.56%	0.43%	0.73%

Frequently Asked Questions

Can I hold both CHGX and RPG in my portfolio?

CHGX and RPG have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHGX or RPG?

RPG has higher volatility (12.38%) compared to CHGX (4.62%). In terms of maximum drawdown, CHGX dropped -35.49% vs RPG's -53.27%.

Which ETF is better, CHGX or RPG?

On 5-year performance, RPG leads with 10.20% vs 9.79% for CHGX. On fees, RPG is cheaper at 0.35% per year. On volatility, CHGX has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHGX or RPG?

Over the 5-year period, RPG has performed better with a 10.20% return vs 9.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHGX or RPG?

RPG is cheaper with a 0.35% expense ratio, compared with 0.49% for CHGX.

Which ETF pays a higher dividend yield, CHGX or RPG?

CHGX has the higher dividend yield at 0.56%, compared with 0.16% for RPG.

What is the main difference between CHGX and RPG?

CHGX tracks Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while RPG tracks S&P 500/Citigroup Pure Growth Index. They also come from different issuers: Change Finance and Invesco. Their fees differ too: 0.49% for CHGX and 0.35% for RPG.

Which has better risk-adjusted returns?

CHGX currently has the higher Sharpe Ratio (1.85 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.