CHGX vs SPY
Stance Sustainable Beta ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CHGX or SPY?
Each has led over a different period.
SPY has a lower expense ratio. CHGX led over 1Y, SPY over 3Y, 5Y and the full window. CHGX is less concentrated, with 13.0% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CHGX | SPY |
|---|---|---|
| Expense Ratio | 0.49% | 0.09%Best |
| AUM | $176M | $811.2B |
| Dividend Yield | 0.54% | 0.98% |
| Holdings | 203 | 1,515 |
| YTD Return | +22.07%Best | +13.54% |
| 1Y Return | +21.34%Best | +16.25% |
| 3Y Return (annualized) | +5.50% | +23.72%Best |
| 5Y Return (annualized) | +1.39% | +13.95%Best |
| Volatility (annualized) | 21.4% | 16.1%Best |
| Max Drawdown | -47.3% | -34.1%Best |
| $10,000 over 5 years | $10,715 | $19,212Best |
| Top 10 Weight | 13.0%Best | 38.2% |
| Fund Family | STANCE Capital | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 14, 2024 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 10, 2017 to Oct 2, 2026 (9 years).
CHGX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9 years both funds cover.
CHGX vs SPY Performance
Stance Sustainable Beta ETF (CHGX) is an ETF from STANCE Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CHGX returned +21.34% while SPY returned +16.25%. Year to date, CHGX is up 22.07% versus a gain of 13.54% for SPY.
Over three years, CHGX compounded at +5.50% per year against +23.72% for SPY; over five years the annualized figures are +1.39% and +13.95% respectively. Across the full 9-year window we track, SPY has the edge at +14.08% annualized vs +7.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHGX has been the more volatile fund, with annualized monthly volatility of 21.4% compared with 16.1% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.54% against 0.98% for SPY.
Holdings Overlap
83.5% of CHGX's money is in holdings SPY also owns. 35.0% of SPY's money is in holdings CHGX also owns.
Most of CHGX is already inside SPY. Owning both mostly buys the same companies twice.
83 positions in common, counted across the 100 positions we hold weights for in CHGX and 504 in SPY, against full books of 203 and 1,515.
What only one of them owns
Our book lists 414 positions for SPY that do not appear in our book for CHGX (64.2% of the fund), and 15 for CHGX that do not appear in SPY (15.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CHGX | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.07% | 7.78% | 6.71% |
| AAPLApple, Inc | 1.12% | 7.45% | 6.33% |
| MUMicron Technology, Inc. | 1.08% | 1.59% | 0.51% |
| LLYEli Lilly & Co. | 0.97% | 1.37% | 0.40% |
| AMDAdvanced Micro Devices Inc | 1.11% | 1.22% | 0.11% |
| VVisa Inc Class A | 1.13% | 0.95% | 0.18% |
| MAMastercard Inc | 1.15% | 0.71% | 0.44% |
| ABBVAbbvie Inc. | 1.11% | 0.70% | 0.41% |
| DELLDell Technologies Inc | 1.52% | 0.24% | 1.28% |
| CRMSalesforce Inc Crm Us Equity | 1.41% | 0.32% | 1.09% |
83.5% of CHGX is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $40 a year on a $10,000 investment.
Which performed better, CHGX or SPY?
Over the past year CHGX returned +21.34% vs +16.25% for SPY, so CHGX leads on 1-year performance. Over the longest common window we track (9 years), CHGX annualized +7.94% vs +14.08% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CHGX or SPY?
CHGX has been the more volatile fund at 21.4% annualized versus 16.1% for SPY. Worst drawdown: CHGX -47.3% vs SPY -34.1%.
Should I hold both CHGX and SPY?
CHGX and SPY have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CHGX and SPY?
83.5% of CHGX's money is in holdings SPY also owns. 35.0% of SPY's is in holdings CHGX also owns. They hold 83 positions in common, counted across the 100 positions we hold weights for in CHGX and 504 in SPY.
Which pays a higher dividend, CHGX or SPY?
CHGX yields 0.54% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than CHGX?
SPY has a lower expense ratio. CHGX led over 1Y, SPY over 3Y, 5Y and the full window. CHGX is less concentrated, with 13.0% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.