CHGX vs ESGU: Grades, Fees and Holdings Compared

Stance Sustainable Beta ETF

CHGXCNasdaq

iShares ESG Aware MSCI USA ETF

ESGUANasdaq

Overlap

24.1%by weight

Expense ratio

ESGU −0.34pt a year

CHGX0.49%ESGU0.15%

Avg volume · 30D

ESGU 23.4×the volume

CHGX17.5KESGU409K

5Y return · a year

ESGU +10.9pt

CHGX−0.5%ESGU+10.4%

CHGX vs ESGU Performance

Nov 9, 2021 – Nov 9, 2026

−2.6%CHGX+63.8%ESGU

Expense ratio: CHGX 0.49%; ESGU 0.15%, better
Fund size: CHGX $178M; ESGU $17.3B
1Y total return: CHGX +22.4%, better; ESGU +13.1%
Yield (12M): CHGX 0.55%; ESGU 0.94%, better
Holdings: CHGX 102; ESGU 271
Avg volume (30D): CHGX 17.5K sh; ESGU 409K sh, better
NAV per share: CHGX $33.02; ESGU $160.68
52W range

ETF.net Grade

Pillar letters and Scores for CHGX, ESGU, with each pillar’s weight
Pillar	CHGX	ESGU
Cost30% weight	F17	B68Higher
Mission25% weight	A99Higher	A98
Risk15% weight	D38	C53Higher
Tradability15% weight	D35	A92Higher
Holdings10% weight	A79Higher	B59
Durability5% weight	C50	A94Higher

Rank among US ESG & Values Index funds

How we build Categories ›

Same Category. CHGX and ESGU 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 ›

ESGU ranks 4th 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 4AESGUiShares ESG Aware MSCI USA ETFScore 77
Rank 5AXVViShares ESG Select Screened S&P 500 ETFScore 75
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

ESGUAiShares ESG Aware MSCI USA 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.

ESGU Screening out companies is easy; keeping the market's shape while you do it is the hard part. ESGU's index optimizes toward stronger ESG characteristics while targeting risk and return similar to the broad MSCI USA Index.

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.

ESGU Seeks to track an index of large- and mid-cap U.S. companies selected for favorable environmental, social and governance (ESG) characteristics while seeking risk/return similar to the MSCI USA 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.

ESGU Not a screen-and-drop portfolio: the index optimizes toward better ESG characteristics while targeting risk and return similar to the broad MSCI USA Index.ishares.com
0.15% a year, below the typical fund in its US ESG group, spread across roughly 300 large- and mid-cap names rather than a narrow shortlist.
Running since 2016, a multi-billion-dollar iShares fund that pays quarterly and sits in the top quartile of a crowded US ESG peer group.

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.

ESGU Cheaper seats in the same row: XVV at 0.08%, ESGV at 0.09%, SNPE and EFIV at 0.10%, against 0.15% here.
Market-like risk is the stated goal, so exclusions are lighter than a purist ESG fund and the holdings end up looking a lot like the broad US market.ishares.com
MSCI's ratings decide who makes the cut, so the portfolio reflects one provider's definition of ESG, not an industry standard.ishares.com

Full CHGX profile⁠

Full ESGU profile⁠

CHGX vs ESGU Holdings

How CHGX and ESGU differ

Overlap by weight

24.1%

Shared holdings make up 67.7% of CHGX and 38.2% of ESGU.

Level by level

Holdings69 in both24.1%
Sector11 Sectors91.2%
Countryby domicile99.4%
Asset classStocks100%

Sector

Sector weights in CHGX and ESGU, widest gap first
Sector	Gap	CHGX	ESGU
Consumer Discretionary	CHGX +4.0 points	12.7%	8.7%
Energy	ESGU +3.7 points	0.0%	3.7%
Financials	CHGX +2.9 points	15.4%	12.5%
Utilities	ESGU +1.9 points	0.0%	1.9%
Technology	ESGU +1.8 points	34.4%	36.2%
Health Care	CHGX +1.4 points	12.7%	11.3%
Industrials	ESGU +0.7 points	7.6%	8.3%
Communication	CHGX +0.6 points	8.8%	8.2%
Consumer Staples	ESGU +0.4 points	4.4%	4.8%
Real Estate	ESGU +0.2 points	2.0%	2.2%
Materials	Same weight	2.1%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in CHGX and ESGU, widest gap first
Country	More in CHGXMore in ESGU	Gap	CHGX	ESGU
Mexico		CHGX +0.6 points	0.6%	0.0%
Other countries (3)		ESGU +0.6 points	99.4%	100.0%

Concentration

Weight in the 10 largest Holdings

CHGX12.8%
ESGU36.5%

Securities held

CHGX101
ESGU268

Asset class

CHGX: Stocks
ESGU: Stocks

Holdings

Only in CHGX32
In both69
Only in ESGU199

Only in CHGX

32 securities, 32.2% of CHGX by weight

SharkNinja Inc1.39%
Maplebear Inc1.27%
Roper Technologies Inc1.25%
Ulta Beauty Inc1.22%
Wayfair Inc1.18%
Verisk Analytics Inc1.18%
Estee Lauder Cos Inc/The1.16%
AutoZone Inc1.15%
US Foods Holding Corp1.15%
Ubiquiti Inc1.14%
Waste Management Inc1.14%
Republic Services Inc1.13%
Omnicom Group Inc1.13%
Medtronic PLC1.13%
Aon PLC1.10%
NIKE Inc1.07%
Ross Stores Inc1.06%
Globalstar Inc1.04%
Allstate Corp/The1.03%
Penske Automotive Group Inc0.99%
Comcast Corp0.98%
Symbotic Inc0.93%
Genuine Parts Co0.93%
Versant Media Group Inc0.92%
Snap Inc0.91%
Charles Schwab Corp/The0.87%
Atlassian Corp0.87%
Skydance Corp0.79%
Flex Ltd0.66%
Teradyne Inc0.59%
CoreWeave Inc0.53%
First American Government Obligations Fund 12/01/20310.35%

Only in ESGU

199 securities, 61.6% of ESGU by weight

Microsoft5.97%
Amazon.com Inc3.87%
Alphabet Class C3.03%
Broadcom Inc2.12%
Meta Platforms Class A1.95%
Alphabet Class A1.66%
Tesla Inc1.59%
JPMorgan Chase & Co1.37%
Johnson & Johnson0.84%
Exxonmobil Holdings Corp0.74%
Costco Wholesale Corp0.70%
Procter & Gamble0.69%
Coca-Cola0.64%
Hartford Insurance Group0.62%
Goldman Sachs Group0.52%
Ge Aerospace0.50%
Berkshire Hathaway Inc Class B0.49%
Lam Research0.48%
Nisource0.48%
Rtx0.47%
Palantir Technologies Class A0.45%
Morgan Stanley0.45%
Caterpillar Inc0.44%
Nextera Energy0.43%
Lowes Companies Inc0.42%
Linde PLC0.42%
American Tower Reit0.40%
Steris0.40%
International Business Machines Co0.39%
Idexx Laboratories0.38%
Honeywell International Inc0.37%
Bank of America0.37%
Stryker0.36%
Exelon Corp0.36%
Trane Technologies PLC0.35%
Crh Public Limited PLC0.34%
Citigroup0.34%
Mckesson Corp0.33%
Ge Vernova0.33%
Ww Grainger Inc0.32%
Cummins Inc0.32%
Union Pacific0.32%
Williams0.32%
Cardinal Health0.31%
Colgate-Palmolive0.30%
Conocophillips0.30%
Pnc Financial Services Group0.30%
Analog Devices0.29%
BlackRock0.29%
3M0.29%

Weight gaps

All 69 Holdings in both funds, largest gap first.

Holding weights in CHGX and ESGU, widest gap first
Holding	Gap	CHGX	ESGU
Apple IncAAPL	ESGU +6.76 points	1.06%	7.82%
NVIDIA CorpNVDA	ESGU +5.93 points	0.87%	6.80%
Intuitive Surgical IncISRG	CHGX +1.18 points	1.30%	0.12%
Accenture PLCACN	CHGX +1.12 points	1.48%	0.36%
Marsh & McLennan Cos IncMRSH	CHGX +1.08 points	1.19%	0.11%
CME Group IncCME	CHGX +1.03 points	1.15%	0.12%
Best Buy Co IncBBY	CHGX +1.03 points	1.15%	0.12%
Autodesk IncADSK	CHGX +1.01 points	1.28%	0.27%
Workday IncWDAY	CHGX +0.96 points	1.06%	0.10%
Abbott LaboratoriesABT	CHGX +0.94 points	1.08%	0.14%
Monolithic Power Systems IncMPWR	CHGX +0.93 points	1.03%	0.10%
Thermo Fisher Scientific IncTMO	CHGX +0.93 points	1.17%	0.24%
Moody's CorpMCO	CHGX +0.93 points	1.10%	0.17%
Intuit IncINTU	CHGX +0.92 points	1.11%	0.19%
Travelers Cos Inc/TheTRV	CHGX +0.91 points	1.09%	0.18%
Synopsys IncSNPS	CHGX +0.90 points	1.15%	0.25%
Cadence Design Systems IncCDNS	CHGX +0.88 points	1.14%	0.26%
Bristol-Myers Squibb CoBMY	CHGX +0.87 points	0.99%	0.12%
Amgen IncAMGN	CHGX +0.86 points	1.22%	0.36%
Steel Dynamics IncSTLD	CHGX +0.85 points	0.95%	0.10%
Church & Dwight Co IncCHD	CHGX +0.84 points	1.18%	0.34%
NetApp IncNTAP	CHGX +0.84 points	0.95%	0.11%
Walt Disney Co/TheDIS	CHGX +0.83 points	1.12%	0.29%
Progressive Corp/ThePGR	CHGX +0.83 points	1.07%	0.24%
Carrier Global CorpCARR	CHGX +0.80 points	0.94%	0.14%
Rocket Lab CorpRKLB	CHGX +0.80 points	0.87%	0.07%
Twilio IncTWLO	CHGX +0.79 points	0.89%	0.10%
S&P Global IncSPGI	CHGX +0.77 points	1.18%	0.41%
Automatic Data Processing IncADP	CHGX +0.75 points	1.17%	0.42%
EMCOR Group IncEME	CHGX +0.75 points	0.83%	0.08%
Adobe IncADBE	CHGX +0.75 points	1.00%	0.25%
Gilead Sciences IncGILD	CHGX +0.74 points	1.17%	0.43%
Cloudflare IncNET	CHGX +0.74 points	0.88%	0.14%
Keysight Technologies IncKEYS	CHGX +0.71 points	0.85%	0.14%
MetLife IncMET	CHGX +0.70 points	1.06%	0.36%
Texas Instruments IncTXN	CHGX +0.70 points	1.09%	0.39%
Ecolab IncECL	CHGX +0.68 points	1.12%	0.44%
Ciena CorpCIEN	CHGX +0.68 points	0.74%	0.06%
Prologis IncPLD	CHGX +0.67 points	0.96%	0.29%
Fortinet IncFTNT	CHGX +0.65 points	0.76%	0.11%
Kimberly-Clark CorpKMB	CHGX +0.64 points	0.91%	0.27%
Equinix IncEQIX	CHGX +0.63 points	1.00%	0.37%
Arista Networks IncANET	CHGX +0.63 points	0.92%	0.29%
American Express CoAXP	CHGX +0.61 points	1.02%	0.41%
Bloom Energy CorpBE	CHGX +0.59 points	0.68%	0.09%
UnitedHealth Group IncUNH	CHGX +0.57 points	1.03%	0.46%
Salesforce IncCRM	CHGX +0.56 points	0.89%	0.33%
ServiceNow IncNOW	CHGX +0.52 points	0.79%	0.27%
Netflix IncNFLX	CHGX +0.51 points	0.85%	0.34%
Dell Technologies IncDELL	CHGX +0.51 points	0.66%	0.15%
Merck & Co IncMRK	CHGX +0.49 points	1.03%	0.54%
Micron Technology IncMU	ESGU +0.48 points	0.72%	1.20%
Bank of New York Mellon Corp/TheBNY	CHGX +0.48 points	0.92%	0.44%
Palo Alto Networks IncPANW	CHGX +0.46 points	0.94%	0.48%
Eli Lilly & CoLLY	ESGU +0.45 points	1.22%	1.67%
Oracle CorpORCL	CHGX +0.45 points	0.77%	0.32%
Home Depot Inc/TheHD	CHGX +0.43 points	1.14%	0.71%
Marvell Technology IncMRVL	CHGX +0.42 points	0.63%	0.21%
Western Digital CorpWDC	CHGX +0.40 points	0.58%	0.18%
Mastercard IncMA	CHGX +0.39 points	1.17%	0.78%
Seagate Technology Holdings PLCSTX	CHGX +0.37 points	0.54%	0.17%
Verizon Communications IncVZ	CHGX +0.36 points	0.93%	0.57%
Sandisk CorpSNDK	CHGX +0.34 points	0.51%	0.17%
AbbVie IncABBV	CHGX +0.28 points	1.18%	0.90%
Cisco Systems IncCSCO	CHGX +0.28 points	0.91%	0.63%
Advanced Micro Devices IncAMD	ESGU +0.27 points	0.91%	1.18%
Applied Materials IncAMAT	CHGX +0.25 points	0.76%	0.51%
Visa IncV	ESGU +0.20 points	1.19%	1.39%
Intel CorpINTC	CHGX +0.17 points	0.57%	0.40%

All 102 CHGX holdings⁠All 268 ESGU 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 ESGU Cost

Overpaying CHGX vs ESGU

$6,655

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

CHGX 0.49%
$9,792
ESGU 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

CHGX 0.49%
ESGU 0.15%
Overpaying

Year by year

Year	CHGX	ESGU	Overpaying
10	$883	$274	$609
20	$3,394	$1,071	$2,323
30	$9,792	$3,137	$6,655

Expense ratio

0.49%CHGX
0.15%ESGU, cheaper

ESGU0.15%CHGX0.49%

0.08%0.95%

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

ESGU 13th cheapest of 47 funds

CHGX 38th cheapest of 47 funds

CHGX vs ESGU Dividends

Last 12 months to Nov 9, 2026

Yield (12M): CHGX 0.55%; ESGU 0.94%, better
Payout (12M): CHGX $0.18; ESGU $1.55
Last payment: CHGX $0.18; ESGU $0.38
Ex-dividend: CHGX Dec 16, 2025; ESGU Sep 15, 2026
Paid on: CHGX Dec 18, 2025; ESGU Sep 18, 2026
Frequency: CHGX Annual; ESGU Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CHGXAnnual · 10 paymentsAll CHGX payments⁠

ESGUQuarterly · 41 paymentsAll ESGU payments⁠

CHGX vs ESGU Risk

Fall from peak · 5 years

CHGX
ESGU

Risk facts

VolatilityStd dev, 3 years: CHGX 25.9%ESGU 12.8%, better
Return per unit of riskSharpe ratio, 3 years: CHGX 0.19ESGU 1.35, better
Worst fallMax drawdown, 5 years: CHGX −46.4%ESGU −26.1%, better
Market sensitivityBeta, 5 years: CHGX 1.07ESGU 1.04; Market = 1

CHGX and ESGU in the news

All news⁠

ETF Filings
iShares files for a screened MSCI USA ETF that omits ESG from the name
Sep 4, 2026ESGU

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CHGX vs ESGU

In short

Stated mandate

Why people hold it

Worth knowing

How CHGX and ESGU differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CHGX

Only in ESGU

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

iShares files for a screened MSCI USA ETF that omits ESG from the name

How CHGX and ESGU differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CHGX

Only in ESGU

Weight gaps