CHGX vs. SUSA

Last updated Jun 3, 2026

CHGX (Change Finance U.S. Large Cap Fossil Fuel Free ETF) and SUSA (iShares MSCI USA ESG Select ETF) are both Large Cap Growth Equities funds - CHGX tracks the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index while SUSA tracks the MSCI USA ESG Select Index. Both are passively managed. Over the past 5 years, CHGX returned 11.46%/yr vs 11.86%/yr for SUSA. Their correlation of 0.89 suggests significant overlap in exposure. CHGX charges 0.49%/yr vs 0.25%/yr for SUSA.

Performance

CHGX vs. SUSA - 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 iShares MSCI USA ESG Select ETF (SUSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHGX achieves a 23.26% return, which is significantly higher than SUSA's 11.10% return.

CHGX

• 1D: 0.66%
• 1M: 10.79%
• YTD: 23.26%
• 6M: 23.87%
• 1Y: 35.71%
• 3Y*: 21.34%
• 5Y*: 11.46%
• 10Y*: —

SUSA

• 1D: -0.88%
• 1M: 6.04%
• YTD: 11.10%
• 6M: 10.68%
• 1Y: 26.44%
• 3Y*: 20.92%
• 5Y*: 11.86%
• 10Y*: 15.06%

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

CHGX vs. SUSA - 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	23.26%	12.13%	15.16%	23.65%	-21.77%	22.72%	24.10%	33.07%	-5.79%	4.34%
SUSA iShares MSCI USA ESG Select ETF	11.10%	15.72%	22.43%	23.88%	-21.38%	30.45%	24.66%	32.10%	-5.67%	5.36%

Correlation

The correlation between CHGX and SUSA is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017	0.89

The correlation between CHGX and SUSA has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

CHGX vs. SUSA - Sectors Allocation Comparison

Sectors	CHGX	SUSA
Technology	29.7%	39.4%
Financial Services	17.7%	11.9%
Healthcare	15.7%	9.0%
Consumer Cyclical	12.0%	6.9%
Communication Services	8.9%	8.5%
Industrials	5.8%	10.2%
Real Estate	4.1%	3.1%
Basic Materials	3.3%	2.5%
Consumer Defensive	2.9%	3.5%
Energy	2.2%	3.9%
Utilities	1.0%	1.3%

Return for Risk

CHGX vs. SUSA — Risk / Return Rank

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

CHGX

CHGX Risk / Return Rank: 79
CHGX Sharpe Ratio Rank: 79
CHGX Sortino Ratio Rank: 79
CHGX Omega Ratio Rank: 72
CHGX Calmar Ratio Rank: 81
CHGX Martin Ratio Rank: 82

SUSA

SUSA Risk / Return Rank: 62
SUSA Sharpe Ratio Rank: 63
SUSA Sortino Ratio Rank: 63
SUSA Omega Ratio Rank: 62
SUSA Calmar Ratio Rank: 55
SUSA Martin Ratio Rank: 66

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. SUSA - 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 iShares MSCI USA ESG Select ETF (SUSA). 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.

	CHGX	SUSA	Difference
Sharpe ratio Return per unit of total volatility	2.62	2.15	+0.47
Sortino ratio Return per unit of downside risk	3.60	2.97	+0.63
Omega ratio Gain probability vs. loss probability	1.44	1.38	+0.06
Calmar ratio Return relative to maximum drawdown	4.26	2.74	+1.53
Martin ratio Return relative to average drawdown	16.87	12.10	+4.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHGX vs. SUSA - Sharpe Ratio Comparison

The current CHGX Sharpe Ratio is 2.62, which is comparable to the SUSA Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of CHGX and SUSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHGX	SUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.15	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.69	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.58	+0.14

Drawdowns

CHGX vs. SUSA - Drawdown Comparison

The maximum CHGX drawdown since its inception was -35.49%, smaller than the maximum SUSA drawdown of -53.93%. Use the drawdown chart below to compare losses from any high point for CHGX and SUSA.

Drawdown Indicators

	CHGX	SUSA	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-53.93%	+18.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-9.71%	+1.21%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	-19.30%	+1.21%
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	-28.23%	-2.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.93%	—
Current Drawdown Current decline from peak	0.00%	-0.88%	+0.88%
Average Drawdown Average peak-to-trough decline	-6.43%	-7.25%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.19%	-0.04%

Volatility

CHGX vs. SUSA - Volatility Comparison

Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) has a higher volatility of 3.94% compared to iShares MSCI USA ESG Select ETF (SUSA) at 3.29%. This indicates that CHGX's price experiences larger fluctuations and is considered to be riskier than SUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHGX	SUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	3.29%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	9.58%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.69%	12.37%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	17.33%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.36%	18.15%	+1.21%

CHGX vs. SUSA - Expense Ratio Comparison

CHGX has a 0.49% expense ratio, which is higher than SUSA's 0.25% expense ratio.

Dividends

CHGX vs. SUSA - Dividend Comparison

CHGX's dividend yield for the trailing twelve months is around 0.55%, less than SUSA's 0.83% 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	0.55%	0.67%	0.76%	0.94%	1.11%	0.56%	0.58%	0.86%	0.00%	0.59%	0.00%	0.00%
SUSA iShares MSCI USA ESG Select ETF	0.83%	0.89%	1.15%	1.32%	1.52%	0.98%	1.17%	1.52%	1.72%	1.40%	1.56%	1.42%

Frequently Asked Questions

Can I hold both CHGX and SUSA in my portfolio?

With a correlation of 0.90, CHGX and SUSA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CHGX or SUSA?

CHGX has higher volatility (3.94%) compared to SUSA (3.29%). In terms of maximum drawdown, CHGX dropped -35.49% vs SUSA's -53.93%.

Which ETF is better, CHGX or SUSA?

On 5-year performance, SUSA leads with 11.86% vs 11.46% for CHGX. On fees, SUSA is cheaper at 0.25% per year. On volatility, SUSA has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHGX or SUSA?

Over the 5-year period, SUSA has performed better with a 11.86% return vs 11.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHGX or SUSA?

SUSA is cheaper with a 0.25% expense ratio, compared with 0.49% for CHGX.

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

SUSA has the higher dividend yield at 0.83%, compared with 0.55% for CHGX.

What is the main difference between CHGX and SUSA?

CHGX tracks Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while SUSA tracks MSCI USA ESG Select Index. They also come from different issuers: Change Finance and iShares. Their fees differ too: 0.49% for CHGX and 0.25% for SUSA.

Which has better risk-adjusted returns?

CHGX currently has the higher Sharpe Ratio (2.62 vs 2.15), 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.