CHGX vs. SPYG

Last updated Aug 2, 2026

CHGX (Stance Sustainable Beta ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - CHGX is a Large Cap Growth Equities fund tracking the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 5 years, CHGX returned 9.09%/yr vs 13.28%/yr for SPYG. Their correlation of 0.81 means they have usually moved in the same direction. CHGX charges 0.49%/yr vs 0.04%/yr for SPYG.

Performance

CHGX vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stance Sustainable Beta ETF (CHGX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHGX achieves a 19.57% return, which is significantly higher than SPYG's 10.06% return.

CHGX

• 1D: -0.06%
• 1M: -0.88%
• 6M: 16.02%
• YTD: 19.57%
• 1Y: 26.43%
• 3Y*: 17.27%
• 5Y*: 9.09%
• 10Y*: —
• ALL TIME*: 13.17%

SPYG

• 1D: 1.45%
• 1M: -0.05%
• 6M: 9.50%
• YTD: 10.06%
• 1Y: 21.72%
• 3Y*: 24.04%
• 5Y*: 13.28%
• 10Y*: 17.38%
• ALL TIME*: 7.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CHGX Stance Sustainable Beta ETF	$397.74K	$582.66K	$623.16K
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	$321.11M	$273.47M	$308.09M

CHGX vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHGX Stance Sustainable Beta ETF	19.57%	12.13%	15.16%	23.65%	-21.77%	22.72%	24.10%	33.07%	-5.79%	4.22%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	10.06%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	30.84%	-0.12%	5.61%

Correlation

The correlation between CHGX and SPYG is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017	0.81

The correlation between CHGX and SPYG shifts across timeframes, from 0.75 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

CHGX vs. SPYG - Sectors Allocation Comparison

Sectors	CHGX	SPYG
Technology	33.8%	52.3%
Financial Services	18.7%	8.7%
Healthcare	14.7%	6.2%
Consumer Cyclical	11.0%	8.6%
Communication Services	8.0%	15.6%
Real Estate	4.1%	0.6%
Industrials	3.8%	6.4%
Consumer Defensive	2.9%	1.0%
Energy	1.0%	0.1%
Utilities	1.0%	0.4%
Basic Materials	0.9%	0.3%

Return for Risk

CHGX vs. SPYG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHGX

CHGX Risk / Return Rank: 76
CHGX Sharpe Ratio Rank: 75
CHGX Sortino Ratio Rank: 74
CHGX Omega Ratio Rank: 69
CHGX Calmar Ratio Rank: 81
CHGX Martin Ratio Rank: 81

SPYG

SPYG Risk / Return Rank: 43
SPYG Sharpe Ratio Rank: 44
SPYG Sortino Ratio Rank: 44
SPYG Omega Ratio Rank: 41
SPYG Calmar Ratio Rank: 40
SPYG Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CHGX vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stance Sustainable Beta ETF (CHGX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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	SPYG	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.08	+0.64
Sortino ratio: Return per unit of downside risk	2.41	1.58	+0.83
Omega ratio: Gain probability vs. loss probability	1.29	1.19	+0.10
Calmar ratio: Return relative to maximum drawdown	2.97	1.42	+1.55
Martin ratio: Return relative to average drawdown	10.60	5.17	+5.44

CHGX vs. SPYG - Sharpe Ratio Comparison

The current CHGX Sharpe Ratio is 1.72, which is higher than the SPYG Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of CHGX and SPYG, 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. SPYG - Drawdown Comparison

The maximum CHGX drawdown since its inception was -35.49%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for CHGX and SPYG.

Drawdown Indicators

	CHGX	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-67.63%	+32.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-13.76%	+5.26%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	-22.14%	+4.05%
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	-32.67%	+2.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.67%	—
Current Drawdown Current decline from peak	-3.00%	-4.33%	+1.33%
Average Drawdown Average peak-to-trough decline	-6.36%	-24.20%	+17.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	3.78%	-1.40%

Volatility

CHGX vs. SPYG - Volatility Comparison

The current volatility for Stance Sustainable Beta ETF (CHGX) is 3.43%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 6.08%. This indicates that CHGX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHGX	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	6.08%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	11.75%	14.85%	-3.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	18.18%	-3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	21.50%	-3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	20.79%	-1.49%

CHGX vs. SPYG - Expense Ratio Comparison

CHGX has a 0.49% expense ratio, which is higher than SPYG's 0.04% expense ratio.

Dividends

CHGX vs. SPYG - Dividend Comparison

CHGX's dividend yield for the trailing twelve months is around 0.56%, more than SPYG's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHGX Stance Sustainable Beta 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%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.49%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Frequently Asked Questions

Can I hold both CHGX and SPYG in my portfolio?

CHGX and SPYG have a correlation of 0.75, 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 SPYG?

SPYG has higher volatility (6.08%) compared to CHGX (3.43%). In terms of maximum drawdown, CHGX dropped -35.49% vs SPYG's -67.63%.

Which ETF is better, CHGX or SPYG?

On 5-year performance, SPYG leads with 13.28% vs 9.09% for CHGX. On fees, SPYG is cheaper at 0.04% per year. On volatility, CHGX has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHGX or SPYG?

Over the 5-year period, SPYG has performed better with a 13.28% return vs 9.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHGX or SPYG?

SPYG is cheaper with a 0.04% expense ratio, compared with 0.49% for CHGX.

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

CHGX has the higher dividend yield at 0.56%, compared with 0.49% for SPYG.

What is the main difference between CHGX and SPYG?

CHGX is categorized as Large Cap Growth Equities, while SPYG is S&P 500. CHGX tracks Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while SPYG tracks S&P 500 Growth Index. They also come from different issuers: Stance and State Street. Their fees differ too: 0.49% for CHGX and 0.04% for SPYG.

Which has better risk-adjusted returns?

CHGX currently has the higher Sharpe Ratio (1.72 vs 1.08), 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.