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ETFs

AXS Change Finance ESG ETF

CHGX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 09 2017
Expense Ratio
0.49%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$269,478
AUM
$119,309,280
Associated Index
Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

COR
Cencora Inc.
1.07%
UNH
Unitedhealth Group Inc
1.07%
MCK
Mckesson Corporation
1.06%
AZO
Autozone Inc.
1.05%
CI
Cigna Group (The)
1.05%
AMGN
AMGEN Inc.
1.04%
AIG
American International Group Inc
1.04%
CAH
Cardinal Health, Inc.
1.03%
VMW
Vmware Inc. - Ordinary Shares - Class A
1.03%
ACN
Accenture plc - Ordinary Shares - Class A
1.03%
Invest with CHGX

What is CHGX?

AXS Change Finance ESG ETF seeks to track the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index (CHGX Index). The index was developed and is managed by Change Finance, PBC, the fund's portfolio manager. It takes the 1,000 largest stocks represented in the Solactive US Large & Mid Cap Index (GTR) and filters them against 125 ESG-related risk factors defined by Change Finance. Approximately 100 large cap and some mid cap companies that meet a diverse set of environmental, social and governance (ESG) standards are selected for the index. The sector weightings in the CHGX Index approximate those of the GTR, and each of the 100 securities are weighted equally. The ETF replicates the CHGX Index by investing in the same securities.

ETFs related toCHGX

ETFs correlated to CHGX include SUSA, IYY, SCHB

CHGX
Investment Managers Series Trust II - AXS Change Finance ESG ETF
SUSA
BlackRock Institutional Trust Company N.A. - MSCI USA ESG Select ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SCHB
Schwab Strategic Trust - Schwab U.S. Broad Market ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
IWB
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toCHGX

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with CHGX using Composer

FAQ

CHGX is a US Equities ETF. AXS Change Finance ESG ETF seeks to track the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index (CHGX Index). The index was developed and is managed by Change Finance, PBC, the fund's portfolio manager. It takes the 1,000 largest stocks represented in the Solactive US Large & Mid Cap Index (GTR) and filters them against 125 ESG-related risk factors defined by Change Finance. Approximately 100 large cap and some mid cap companies that meet a diverse set of environmental, social and governance (ESG) standards are selected for the index. The sector weightings in the CHGX Index approximate those of the GTR, and each of the 100 securities are weighted equally. The ETF replicates the CHGX Index by investing in the same securities.

CHGX tracks the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index.

No, CHGX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CHGX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CHGX is -0.017%. This is the percent change in the value of CHGX over the most recent 1-month period. The 3-month return on CHGX is -0.0176%. This is the percent change in the value of CHGX over the most recent 3-month period.

The standard deviation of CHGX for the past year is 0.1811%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CHGX include SPHQ, SPHB, and DSI.

ETFs correlated to CHGX include SUSA, IYY, and SCHB.

ETFs that are inversely correlated to CHGX include SH, SPXS, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.