ETF Evaluator:
Stance Sustainable Beta ETF (CHGX)
Follow This ETF
(as of Aug 05)
Best Performing in Large Blend Over the Last Year
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Risk
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Risk
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ETF Details
Stance Sustainable Beta ETF Overview
Stance Sustainable Beta ETF (CHGX) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Stance Funds launched the ETF in 2017.
The investment seeks to track the performance, before fees and expenses, of the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index.
The index measures the performance of an equal-weighted portfolio of approximately 100 large-, mid-capitalization equity securities of U.S.-listed companies. The fund adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The adviser expects that, over time, the correlation between the fund’s performance and that of the index will be 95% or better.
About Stance Sustainable Beta ETF (CHGX)
There are 2 members of the management team with an average tenure of 1.24 years: Bill Davis (2025) and Kyle Balkissoon (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Change FinDivImpct US LC FsslFlFr USD index with a weighting of 100%. Stance Sustainable Beta ETF has 104 securities in its portfolio. The top 10 holdings constitute 12.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
Stance Sustainable Beta ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Stance Sustainable Beta ETF has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.7% There is 1.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Stance Sustainable Beta ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $178 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CHGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Stance Sustainable Beta ETF expense ratio is average compared to funds in the Large Blend category. Stance Sustainable Beta ETF has an expense ratio of 0.49%, which is 17% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Stance Sustainable Beta ETF has a portfolio turnover rate of 95%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Large Blend category.
Recently, in the month of June 2026, Stance Sustainable Beta ETF returned 1.0%, which earned it a grade of B, as the Large Blend category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Stance Sustainable Beta ETF has a trailing yield of 0.55%, which is below the 1.12% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Stance Sustainable Beta ETF Grades
Year to date, the ETF has returned 22.0%, 11.7 percentage points better than the category, which translates into a grade of A. The fund has returned 28.2% over the past year (grade of A), 19.1% over the past three years (grade of C) and 10.3% per year over the past five years (grade of D).
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CHGX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CHGX Return (NAV) | 1.0% | 23.6% | 28.2% | 19.1% | 10.3% | na |
| CHGX Return (Price) | 1.1% | 23.8% | 28.2% | 19.2% | 10.3% | na |
| NAV +/- Price Return | -0.099% | -0.212% | -0.057% | -0.007% | -0.011% | na |
| Large Blend Avg | -0.0% | 14.5% | 20.9% | 18.8% | 11.8% | 14.1% |
| CHGX Grade (NAV) | B | A | A | C | D | na |
| +/- Category (NAV) | 1.0% | 9.1% | 7.3% | 0.3% | -1.5% | na |
| CHGX Tax-Cost Ratio | na | na | 0.3% | 0.3% | 0.3% | na |
CHGX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CHGX Return (NAV) | 22.0% | 12.1% | 15.2% | 23.7% | -21.7% | 22.6% | 24.8% | 31.8% | -4.1% | na | na |
| CHGX Return (Price) | 22.1% | 12.1% | 15.2% | 23.6% | -21.8% | 22.7% | 24.1% | 33.1% | -4.6% | na | na |
| NAV +/- Price Ret | 0.005% | 0.004% | -0.001% | -0.002% | 0.005% | 0.005% | -0.029% | 4.1% | 12.5% | na | na |
| Large Blend Avg | 10.3% | 15.4% | 21.8% | 22.9% | -17.1% | 26.9% | 18.6% | 29.7% | -5.0% | 21.6% | 11.2% |
| CHGX Grade (NAV) | A | F | F | C | F | F | A | B | B | na | na |
| +/- Category | 11.7% | -3.3% | -6.6% | 0.8% | -4.6% | -4.3% | 6.2% | 2.0% | 0.8% | na | na |
| Risk Measures | |
| Beta: | 1.08 |
| R-Squared: | 90% |
| Standard Deviation: | 14.9% |
| Category Risk Index: | 1.12 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.23 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.6% |
| Total Assets: | $ 179 Mil |
| Share Class Assets: | $ 179 Mil |
| Turnover: | 95.0% |
| Expense Ratio: | 0.49% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.2 years | |||
| Average Tenure: 1.2 years | |||
| Managers (Year): Davis Bill (2025), Balkissoon Kyle (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 104 |
| % in Top 10 Holdings: | 12.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.1% |
Portfolio Allocation |
|
| Domestic Stock: | 98.7% |
| Foreign Stock: | 1.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Stance Funds |
| Phone Number: | 215-882-9983 |
| Website: | www.valueshares.com |
| Inception Date: | October 9, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.49% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.42% |
