CHGX vs SPY
Stance Sustainable Beta ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CHGX delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CHGX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $182M | $821.1B | |
| Dividend Yield | 0.56% | 1.01% | |
| Holdings | 104 | 505 | |
| YTD Return | +22.84% | +12.22% | |
| 1Y Return | +27.20% | +20.83% | |
| 3Y Return (annualized) | +4.08% | +21.70% | |
| 5Y Return (annualized) | +0.45% | +12.98% | |
| Volatility (annualized) | 21.5% | 15.3% | |
| Max Drawdown | -47.3% | -56.5% | |
| Fund Family | STANCE Capital | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 14, 2024 | Jan 22, 1993 |
CHGX vs SPY Performance
Stance Sustainable Beta ETF (CHGX) is a ETF from STANCE Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CHGX returned +27.20% while SPY returned +20.83%. Year to date, CHGX is up 22.84% versus a gain of 12.22% for SPY.
Over three years, CHGX compounded at +4.08% per year against +21.70% for SPY; over five years the annualized figures are +0.45% and +12.98% respectively. Across the full 9-year window we track, SPY has the edge at +8.79% annualized vs +8.12%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHGX has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -47.3% for CHGX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CHGX charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, CHGX currently yields 0.56% against 1.01% for SPY.
Holdings Overlap
CHGX and SPY share 83 holdings out of 522 unique holdings combined, representing a 20.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CHGX or SPY?
CHGX has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, CHGX or SPY?
Over the past year CHGX returned +27.20% vs +20.83% for SPY, so CHGX leads on 1-year performance. Over the longest common window we track (9 years), CHGX annualized +8.12% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, CHGX or SPY?
CHGX has been the more volatile fund at 21.5% annualized versus 15.3% for SPY. Worst drawdown: CHGX -47.3% vs SPY -56.5%.
Should I hold both CHGX and SPY?
CHGX and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CHGX and SPY?
CHGX and SPY share 83 common holdings with a 20.6% weight overlap. Combined, they hold 522 unique securities.
Which pays a higher dividend, CHGX or SPY?
CHGX yields 0.56% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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