- Issuer
- New Alternatives
- Inception Date
- Sep 3, 1982
- Category
- Alternative Energy Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
NAEFX Performance Chart
New Alternatives Fund Investor Class (NAEFX) is up 17.6% since the beginning of the year. NAEFX is currently trading at $90 per share. Investors who bought $1,000 worth of NAEFX shares 5 years ago would now be looking at an investment worth $1,152.
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Returns By Period
New Alternatives Fund Investor Class (NAEFX) has returned 17.64% so far this year and 29.88% over the past 12 months. Over the last ten years, NAEFX has returned 10.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
New Alternatives Fund Investor Class
- 1D
- 1.53%
- 1M
- 0.26%
- YTD
- 17.64%
- 6M
- 17.48%
- 1Y
- 29.88%
- 3Y*
- 9.50%
- 5Y*
- 2.87%
- 10Y*
- 10.64%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NAEFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, NAEFX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +14.3%, while the worst month was Mar 2020 at -15.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NAEFX closed higher 53% of trading days. The best single day was Mar 17, 2020 with a return of +8.4%, while the worst single day was Mar 12, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.65% | 7.32% | -3.61% | 7.29% | 2.30% | -0.99% | 17.64% | ||||||
| 2025 | -1.90% | 4.69% | 2.63% | 2.69% | 5.25% | 4.66% | 1.12% | 0.25% | 2.07% | 3.57% | 0.01% | 0.03% | 27.81% |
| 2024 | -6.50% | -3.86% | 4.51% | -2.45% | 12.21% | -6.69% | 3.73% | 2.60% | 7.35% | -6.62% | -1.83% | -6.73% | -6.26% |
| 2023 | 6.24% | -5.43% | 4.21% | -0.46% | -4.44% | 2.07% | 0.45% | -7.23% | -10.31% | -5.52% | 12.08% | 8.10% | -2.74% |
| 2022 | -6.93% | 3.64% | 2.08% | -8.48% | 3.04% | -5.22% | 6.54% | -2.43% | -14.33% | 1.90% | 9.37% | -3.93% | -16.08% |
| 2021 | 1.71% | -7.67% | 2.64% | 0.55% | -0.17% | -0.40% | 1.14% | 2.66% | -7.76% | 7.96% | -5.19% | 0.55% | -5.02% |
Benchmark Metrics
New Alternatives Fund Investor Class has an annualized alpha of 2.36%, beta of 0.69, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 75.41% of S&P 500 Index downside but only 72.73% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.69 may look defensive, but with R2 of 0.47 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.47 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.36%
- Beta
- 0.69
- R²
- 0.47
- Upside Capture
- 72.73%
- Downside Capture
- 75.41%
Expense Ratio
NAEFX has a high expense ratio of 1.28%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NAEFX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for New Alternatives Fund Investor Class (NAEFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NAEFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 2.78 | +1.14 |
| Martin ratioReturn relative to average drawdown | 11.43 | 12.44 | -1.00 |
Dividends
Dividend History
New Alternatives Fund Investor Class provided a 0.79% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.71 | $1.06 | $2.72 | $3.07 | $4.28 | $4.71 | $3.36 | $3.09 | $2.21 | $1.66 |
Dividend yield | 0.79% | 0.93% | 1.75% | 4.14% | 4.37% | 4.90% | 4.88% | 5.35% | 6.39% | 3.98% | 3.48% |
Monthly Dividends
The table displays the monthly dividend distributions for New Alternatives Fund Investor Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $1.06 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.72 | $2.72 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.07 | $3.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.28 | $4.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the New Alternatives Fund Investor Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the New Alternatives Fund Investor Class was 42.74%, occurring on Oct 3, 2023. Recovery took 649 trading sessions.
The current New Alternatives Fund Investor Class drawdown is 1.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -42.74%Oct 2023 | 2y 8mo | 2y 7mo | 5y 3moJan 2021 - May 2026 |
COVID crash2020 | -34.35%Mar 2020 | 28d | 3mo 26d | 4mo 24dFeb 2020 - Jul 2020 |
2016 correction2016 | -13.82%Nov 2016 | 2mo 6d | 5mo 11d | 7mo 17dSep 2016 - Apr 2017 |
Rate-hike selloffLate 2018 | -12.24%Dec 2018 | 1y 3mo | 2mo 17d | 1y 6moSep 2017 - Mar 2019 |
2016 pullback2016 | -9.61%Jan 2016 | 15d | 1mo 12d | 1mo 27dJan 2016 - Mar 2016 |
Drawdown Indicators
| NAEFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.74% | -56.78% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -9.10% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -18.90% | -5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -38.35% | -25.43% | -12.92% |
Max Drawdown (10Y)Largest decline over 10 years | -42.74% | -33.92% | -8.82% |
Current DrawdownCurrent decline from peak | -1.26% | -1.80% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -13.39% | -10.71% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.03% | +0.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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