Change Finance Diversified Imp US Large Cap… (CHGX) Performance
CHGX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.5% since Dec 31, 2025
- 1 year
- +21.1% total return
- 5 years
- +9.5% a year
- Since first price
- +13.4% a year since 2017
CHGX trailing returns vs SPY, QQQ, AGG
| Period | CHGX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.4% | +4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +13.0% | +13.0% | +7.8% | +8.4% | −1.5% |
| YTD | +22.5% | +23.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.1% | +20.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +82.7%+22.3%/yr | +76.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +57.3%+9.5%/yr | +48.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 10, 2017 | +212.0%+13.4%/yr | +182.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CHGX vs SPY
From Oct 10, 2017: CHGX grew to $31,205, SPY to $34,257.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CHGX returns by calendar year
6 of 8 full years positive. Best 2019 (+33.4%), worst 2022 (−21.7%). 2026 is year to date.
CHGX annual returns table
| Year | CHGX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.5% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.8% | −17.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.1% | −7.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.6% | −12.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −21.7% | −29.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.2% | −7.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +22.3% | −35.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +33.4% | −7.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.0% | −18.6% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CHGX largest drawdowns
Now 2.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2020 | −35.5% | Mar 20, 2020 | Aug 3, 2020 | 31 days | 5 months |
| Nov 15, 2021 | −30.3% | Oct 13, 2022 | Feb 1, 2024 | 11 months | 2.2 years |
| Sep 21, 2018 | −18.6% | Dec 24, 2018 | Feb 22, 2019 | 3 months | 5 months |
| Dec 3, 2024 | −18.0% | Apr 7, 2025 | Jun 26, 2025 | 4 months | 7 months |
| Jan 29, 2018 | −10.3% | Apr 2, 2018 | Aug 28, 2018 | 2 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CHGX risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +21.2% | +10.2% | +13.3% |
| Volatility (annualized) | 14.0% | 16.7% | 18.0% |
| Sharpe ratio | 1.14 | 0.45 | 0.65 |
| Sortino ratio | 2.26 | 0.71 | 0.98 |
| Best month | +11.1% | +11.1% | +15.3% |
| Worst month | −6.6% | −8.4% | −20.7% |
| Best 12 months | +33.1% | +33.1% | +74.3% |
| Worst 12 months | +1.8% | −22.0% | −22.0% |
| Positive months | 69% | 62% | 67% |
| Beta vs S&P 500 | 1.03 | 1.00 | — |
| Correlation with S&P 500 | 0.91 | 0.94 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CHGX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 97 | −22.0% | +13.9% | +74.3% | 84% |
| 3-year (a year) | 73 | +3.0% | +13.1% | +26.5% | 100% |
| 5-year (a year) | 49 | +7.5% | +10.9% | +16.8% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
CHGX performance overview
Change Finance Diversified Imp US Large Cap… (CHGX) returned +21.1% over the past year and +9.5% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +13.4% a year, turning $10,000 into about $31,205. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.5%, from Feb 18, 2020 to Mar 20, 2020, and it took 4 months to get back to the old high. CHGX finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+33.4%) and the worst 2022 (−21.7%). Volatility has been 18.0% a year.
Related: CHGX chart, CHGX holdings, CHGX dividends, CHGX valuation. See the CHGX overview for the latest quote and fund facts.
CHGX performance FAQ
What is the CHGX return over the past year?
CHGX returned +21.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 20.8%.
What is the average annual return of CHGX?
CHGX has returned +9.5% a year over 5 years, +13.4% a year since October 10, 2017 (total return, distributions reinvested).
How much would $10,000 invested in CHGX be worth?
$10,000 invested in CHGX at its first recorded close on October 10, 2017 would be worth about $31,205 on October 23, 2026 with distributions reinvested.
What was the worst year for CHGX?
The worst calendar year was 2022, with a total return of −21.7%. The best was 2019 at +33.4%.
What is the biggest drawdown of CHGX?
The largest peak-to-trough decline was −35.5% between February 18, 2020 and March 20, 2020. It recovered to the old high on August 3, 2020, 4 months after the bottom.
How volatile is CHGX?
Over the past 3 years CHGX had an annualized volatility of 14.0% and a Sharpe ratio of 1.14 (excess return over 1–3 month T-bills per unit of risk).