CHGX vs EFIV: Grades, Fees and Holdings Compared

Stance Sustainable Beta ETF

CHGXCNasdaq

State Street SPDR S&P 500 ESG ETF

EFIVANYSE Arca

Overlap

24.9%by weight

Expense ratio

EFIV −0.39pt a year

CHGX0.49%EFIV0.10%

Avg volume · 30D

EFIV 3.4×the volume

CHGX17.5KEFIV59.9K

5Y return · a year

EFIV +12.0pt

CHGX−0.5%EFIV+11.5%

CHGX vs EFIV Performance

Nov 9, 2021 – Nov 9, 2026

−2.6%CHGX+72.7%EFIV

Expense ratio: CHGX 0.49%; EFIV 0.10%, better
Fund size: CHGX $178M; EFIV $1B
1Y total return: CHGX +22.4%, better; EFIV +12.9%
Yield (12M): CHGX 0.55%; EFIV 1.03%, better
Holdings: CHGX 102; EFIV 326
Avg volume (30D): CHGX 17.5K sh; EFIV 59.9K sh, better
NAV per share: CHGX $33.02; EFIV $70.67
52W range

ETF.net Grade

Pillar letters and Scores for CHGX, EFIV, with each pillar’s weight
Pillar	CHGX	EFIV
Cost30% weight	F17	A86Higher
Mission25% weight	A99	A100Higher
Risk15% weight	D38	C51Higher
Tradability15% weight	D35	A84Higher
Holdings10% weight	A79Higher	C43
Durability5% weight	C50	B68Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. CHGX and EFIV are both graded against the same 47 US ESG & Values Index funds, so their Grades compare head to head.

US ESG & Values Index⁠

Category · 47 funds

See all 47 ›

EFIV ranks 2nd and CHGX 33rd of 47 funds in the US ESG & Values Index Category.

Rank 1AKLMNInvesco MSCI North America Climate ETFScore 80
Rank 2AEFIVState Street SPDR S&P 500 ESG ETFScore 78
Rank 2ASNPEXtrackers S&P 500 Scored & Screened ETFScore 78
Rank 32CETHOAmplify Etho Climate Leadership U.S. ETFScore 52
Rank 33CCHGXStance Sustainable Beta ETFScore 51
Rank 33CNUDVNuveen ESG DividendScore 51

Our read on each fund

ETF.net Research

CHGXCStance Sustainable Beta ETF

EFIVAState Street SPDR S&P 500 ESG ETF

In short

CHGX Most ESG funds keep the S&P 500's shape and shave the edges. CHGX starts over: a fossil-fuel-free US large-cap index of roughly 100 names, each weighted about the same, so no mega-cap runs the show.

EFIV A screened S&P 500 that still looks like one. EFIV trims to about 300 names on ESG criteria but holds industry-group weights close to the parent index, for 0.10% a year.

Stated mandate

CHGX The fund seeks to track, before fees and expenses, the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index.

EFIV The Fund seeks to track an index of securities selected using environmental, social, and governance sustainability criteria while retaining industry-group weights broadly similar to the S&P 500 Index.

Why people hold it

CHGX The fossil fuel exclusion is written into the index itself, not layered on as a tilt: it tracks the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index.
Equal weighting spreads roughly 100 US large caps evenly, so the portfolio does not lean on a handful of trillion-dollar names the way cap-weighted ESG funds like ESGV and EFIV do.
Live since 2017, with the same fossil-free mandate spelled out in its filings and a portfolio that closely matches it.

EFIV Charges 0.10% a year, well under the 0.25% typical of its values-screened peer group.
Keeps industry-group weights broadly similar to the S&P 500, so the screen changes which names you own more than which sectors.
Tracks its declared index very tightly, one of the cleaner implementations in its cohort.
Straightforward 1940 Act index fund from SPDR, running since 2020, distributing quarterly.

Worth knowing

CHGX At 0.49% a year it runs about double the 0.25% cohort median, and the broad ESG index giants (XVV at 0.08%, ESGV at 0.09%) charge a fraction of that.
Thinly traded, which usually means wider bid-ask spreads and more price impact on big orders. Limit orders are the standard tool here.
Equal weight plus a fossil-fuel screen means results can diverge widely from the S&P 500 in both directions, especially when mega-cap tech or energy leads.

EFIV About 300 stocks, not 500. The screens remove names, so results can diverge from the headline S&P 500.
Cheaper shelf-mates exist: XVV at 0.08% and ESGV at 0.09% undercut it on fee.
Mid-size asset base and moderate trading volume, which can mean wider spreads than the mega-cap index giants.

Full CHGX profile⁠

Full EFIV profile⁠

CHGX vs EFIV Holdings

How CHGX and EFIV differ

Overlap by weight

24.9%

Shared holdings make up 63.4% of CHGX and 39.9% of EFIV.

Level by level

Holdings62 in both24.9%
Sector11 Sectors90.8%
Countryby domicile99.4%
Asset classStocks100%

Sector

Sector weights in CHGX and EFIV, widest gap first
Sector	Gap	CHGX	EFIV
Consumer Discretionary	CHGX +7.6 points	12.7%	5.1%
Energy	EFIV +3.0 points	0.0%	3.0%
Consumer Staples	EFIV +1.5 points	4.4%	5.9%
Utilities	EFIV +1.4 points	0.0%	1.4%
Financials	CHGX +1.4 points	15.4%	14.0%
Communication	EFIV +1.1 points	8.8%	9.9%
Health Care	EFIV +0.9 points	12.7%	13.6%
Industrials	EFIV +0.8 points	7.6%	8.4%
Real Estate	EFIV +0.3 points	2.0%	2.3%
Technology	CHGX +0.2 points	34.4%	34.2%
Materials	EFIV +0.1 points	2.1%	2.2%

Country, concentration and asset class

Country by domicile

Country weights in CHGX and EFIV, widest gap first
Country	More in CHGXMore in EFIV	Gap	CHGX	EFIV
Mexico		CHGX +0.6 points	0.6%	0.0%
Other countries (5)		EFIV +0.6 points	99.4%	100.0%

Concentration

Weight in the 10 largest Holdings

CHGX12.8%
EFIV40.6%

Securities held

CHGX101
EFIV324

Asset class

CHGX: Stocks
EFIV: Stocks

Holdings

Only in CHGX39
In both62
Only in EFIV262

Only in CHGX

39 securities, 36.6% of CHGX by weight

SharkNinja Inc1.39%
Intuitive Surgical Inc1.30%
Maplebear Inc1.27%
Roper Technologies Inc1.25%
Wayfair Inc1.18%
Automatic Data Processing Inc1.17%
Synopsys Inc1.15%
US Foods Holding Corp1.15%
Ubiquiti Inc1.14%
Travelers Cos Inc/The1.09%
Progressive Corp/The1.07%
Ross Stores Inc1.06%
Apple Inc1.06%
Globalstar Inc1.04%
Monolithic Power Systems Inc1.03%
Penske Automotive Group Inc0.99%
Comcast Corp0.98%
Steel Dynamics Inc0.95%
Symbotic Inc0.93%
Genuine Parts Co0.93%
Verizon Communications Inc0.93%
Versant Media Group Inc0.92%
Arista Networks Inc0.92%
Snap Inc0.91%
Advanced Micro Devices Inc0.91%
Twilio Inc0.89%
Cloudflare Inc0.88%
Rocket Lab Corp0.87%
Atlassian Corp0.87%
EMCOR Group Inc0.83%
Skydance Corp0.79%
Oracle Corp0.77%
Bloom Energy Corp0.68%
Flex Ltd0.66%
Marvell Technology Inc0.63%
Teradyne Inc0.59%
CoreWeave Inc0.53%
Sandisk Corp0.51%
First American Government Obligations Fund 12/01/20310.35%

Only in EFIV

262 securities, 60.0% of EFIV by weight

Microsoft Corp10.21%
Alphabet Inc Class A4.33%
Alphabet Inc Class C3.50%
Walmart Inc1.45%
Costco Wholesale Corp1.22%
Coca Cola Co/The0.96%
General Electric0.87%
Bank of America Corp0.83%
Caterpillar Inc0.67%
Wells Fargo & Co0.66%
Goldman Sachs Group Inc0.65%
Lam Research Corp0.65%
Linde PLC0.62%
Morgan Stanley0.56%
Ge Vernova Inc0.54%
Citigroup Inc0.52%
McDonald’s Corp0.51%
Pepsico Inc0.50%
Nextera Energy Inc0.47%
Kla Corp0.47%
Analog Devices Inc0.46%
Welltower Inc0.46%
Qualcomm Inc0.46%
Union Pacific Corp0.45%
BlackRock Inc0.44%
Deere & Co0.44%
Pfizer Inc0.43%
Conocophillips0.43%
Tjx Companies Inc0.39%
At+t Inc0.39%
Danaher Corp0.37%
Uber Technologies Inc0.36%
Eaton Corp PLC0.34%
Chubb Ltd0.33%
Newmont Corp0.33%
Lowe’s Cos Inc0.33%
Capital One Financial Corp0.32%
Booking Holdings Inc0.31%
Starbucks Corp0.31%
Stryker Corp0.30%
Cvs Health Corp0.28%
Marathon Petroleum Corp0.27%
Valero Energy Corp0.26%
Phillips 660.26%
Intercontinental Exchange In0.25%
Moderna Inc0.24%
Us Bancorp0.24%
Elevance Health Inc0.24%
Csx Corp0.24%
Emerson Electric Co0.24%

Weight gaps

All 62 Holdings in both funds, largest gap first.

Holding weights in CHGX and EFIV, widest gap first
Holding	Gap	CHGX	EFIV
NVIDIA CorpNVDA	EFIV +10.83 points	0.87%	11.70%
Eli Lilly & CoLLY	EFIV +1.60 points	1.22%	2.81%
Micron Technology IncMU	EFIV +1.30 points	0.72%	2.02%
Ulta Beauty IncULTA	CHGX +1.15 points	1.22%	0.07%
Autodesk IncADSK	CHGX +1.14 points	1.28%	0.14%
Church & Dwight Co IncCHD	CHGX +1.11 points	1.18%	0.07%
Verisk Analytics IncVRSK	CHGX +1.11 points	1.18%	0.07%
Best Buy Co IncBBY	CHGX +1.10 points	1.15%	0.05%
Estee Lauder Cos Inc/TheEL	CHGX +1.09 points	1.16%	0.07%
Accenture PLCACN	CHGX +1.07 points	1.48%	0.41%
Omnicom Group IncOMC	CHGX +1.07 points	1.13%	0.06%
AutoZone IncAZO	CHGX +1.01 points	1.15%	0.14%
Republic Services IncRSG	CHGX +1.00 points	1.13%	0.13%
Workday IncWDAY	CHGX +0.96 points	1.06%	0.10%
NIKE IncNKE	CHGX +0.95 points	1.07%	0.12%
Marsh & McLennan Cos IncMRSH	CHGX +0.94 points	1.19%	0.25%
Ecolab IncECL	CHGX +0.92 points	1.12%	0.20%
MetLife IncMET	CHGX +0.92 points	1.06%	0.14%
Aon PLCAON	CHGX +0.92 points	1.10%	0.18%
Waste Management IncWM	CHGX +0.91 points	1.14%	0.23%
Cadence Design Systems IncCDNS	CHGX +0.91 points	1.14%	0.23%
Moody's CorpMCO	CHGX +0.91 points	1.10%	0.19%
CME Group IncCME	CHGX +0.86 points	1.15%	0.29%
NetApp IncNTAP	CHGX +0.86 points	0.95%	0.09%
Intuit IncINTU	CHGX +0.87 points	1.11%	0.24%
Allstate Corp/TheALL	CHGX +0.86 points	1.03%	0.17%
Carrier Global CorpCARR	CHGX +0.83 points	0.94%	0.11%
S&P Global IncSPGI	CHGX +0.81 points	1.18%	0.37%
Medtronic PLCMDT	CHGX +0.79 points	1.13%	0.34%
Adobe IncADBE	CHGX +0.75 points	1.00%	0.25%
Equinix IncEQIX	CHGX +0.74 points	1.00%	0.26%
Kimberly-Clark CorpKMB	CHGX +0.74 points	0.91%	0.17%
Keysight Technologies IncKEYS	CHGX +0.73 points	0.85%	0.12%
Visa IncV	EFIV +0.68 points	1.19%	1.87%
Bank of New York Mellon Corp/TheBNY	CHGX +0.66 points	0.92%	0.26%
Bristol-Myers Squibb CoBMY	CHGX +0.66 points	0.99%	0.33%
Ciena CorpCIEN	CHGX +0.65 points	0.74%	0.09%
Prologis IncPLD	CHGX +0.65 points	0.96%	0.31%
Gilead Sciences IncGILD	CHGX +0.63 points	1.17%	0.54%
Walt Disney Co/TheDIS	CHGX +0.60 points	1.12%	0.52%
Abbott LaboratoriesABT	CHGX +0.59 points	1.08%	0.49%
American Express CoAXP	CHGX +0.58 points	1.02%	0.44%
Amgen IncAMGN	CHGX +0.57 points	1.22%	0.65%
Fortinet IncFTNT	CHGX +0.57 points	0.76%	0.19%
ServiceNow IncNOW	CHGX +0.52 points	0.79%	0.27%
Thermo Fisher Scientific IncTMO	CHGX +0.50 points	1.17%	0.67%
Charles Schwab Corp/TheSCHW	CHGX +0.48 points	0.87%	0.39%
Salesforce IncCRM	CHGX +0.44 points	0.89%	0.45%
Texas Instruments IncTXN	CHGX +0.43 points	1.09%	0.66%
Dell Technologies IncDELL	CHGX +0.40 points	0.66%	0.26%
Western Digital CorpWDC	CHGX +0.33 points	0.58%	0.25%
Palo Alto Networks IncPANW	CHGX +0.27 points	0.94%	0.67%
Seagate Technology Holdings PLCSTX	CHGX +0.27 points	0.54%	0.27%
Home Depot Inc/TheHD	CHGX +0.25 points	1.14%	0.89%
Mastercard IncMA	EFIV +0.20 points	1.17%	1.37%
Netflix IncNFLX	CHGX +0.16 points	0.85%	0.69%
AbbVie IncABBV	EFIV +0.16 points	1.18%	1.34%
Intel CorpINTC	EFIV +0.16 points	0.57%	0.73%
UnitedHealth Group IncUNH	CHGX +0.11 points	1.03%	0.92%
Merck & Co IncMRK	CHGX +0.09 points	1.03%	0.94%
Applied Materials IncAMAT	CHGX +0.07 points	0.76%	0.69%
Cisco Systems IncCSCO	EFIV +0.05 points	0.91%	0.96%

All 102 CHGX holdings⁠All 324 EFIV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CHGX vs EFIV Cost

Overpaying CHGX vs EFIV

$7,686

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CHGX 0.49%
$9,792
EFIV 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

CHGX 0.49%
EFIV 0.10%
Overpaying

Year by year

Year	CHGX	EFIV	Overpaying
10	$883	$183	$700
20	$3,394	$717	$2,677
30	$9,792	$2,106	$7,686

Expense ratio

0.49%CHGX
0.10%EFIV, cheaper

EFIV0.10%CHGX0.49%

0.08%0.95%

Middle half of US ESG & Values Index funds
Median 0.25%

EFIV 7th cheapest of 47 funds

CHGX 38th cheapest of 47 funds

CHGX vs EFIV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CHGX 0.55%; EFIV 1.03%, better
Payout (12M): CHGX $0.18; EFIV $0.74
Last payment: CHGX $0.18; EFIV $0.20
Ex-dividend: CHGX Dec 16, 2025; EFIV Sep 21, 2026
Paid on: CHGX Dec 18, 2025; EFIV Sep 23, 2026
Frequency: CHGX Annual; EFIV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CHGXAnnual · 10 paymentsAll CHGX payments⁠

EFIVQuarterly · 25 paymentsAll EFIV payments⁠

CHGX vs EFIV Risk

Fall from peak · 5 years

CHGX
EFIV

Risk facts

VolatilityStd dev, 3 years: CHGX 25.9%EFIV 12.3%, better
Return per unit of riskSharpe ratio, 3 years: CHGX 0.19EFIV 1.39, better
Worst fallMax drawdown, 5 years: CHGX −46.4%EFIV −24.5%, better
Market sensitivityBeta, 5 years: CHGX 1.07EFIV 1.01; Market = 1

CHGX and EFIV in the news

All news⁠

Filings Digest
AllianceBernstein's AB US Research Advanced ETF began trading on Nasdaq Monday
Oct 27, 2026EFIV

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