- ISIN
- US6436423098
- CUSIP
- 643642309
- Issuer
- New Covenant
- Inception Date
- Jun 30, 1999
- Category
- Diversified Portfolio
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NCBGX Performance Chart
New Covenant Balanced Growth Fund (NCBGX) is up 5.4% since the beginning of the year. NCBGX is currently trading at $131 per share. Investors who bought $1,000 worth of NCBGX shares 5 years ago would now be looking at an investment worth $1,375.
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Returns By Period
New Covenant Balanced Growth Fund (NCBGX) has returned 5.39% so far this year and 12.82% over the past 12 months. Over the last ten years, NCBGX has returned 8.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
New Covenant Balanced Growth Fund
- 1D
- 1.02%
- 1M
- -0.84%
- 6M
- 4.37%
- YTD
- 5.39%
- 1Y
- 12.82%
- 3Y*
- 11.87%
- 5Y*
- 6.57%
- 10Y*
- 8.57%
- ALL TIME*
- 5.41%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NCBGX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 1999, NCBGX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +8.8%, while the worst month was Oct 2008 at -13.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NCBGX closed higher 54% of trading days. The best single day was Dec 14, 2015 with a return of +11.3%, while the worst single day was Dec 15, 2015 at -9.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.98% | -0.01% | -3.63% | 6.23% | 3.06% | -0.05% | -1.02% | 5.39% | |||||
| 2025 | 2.03% | -0.43% | -3.50% | -0.26% | 3.36% | 3.56% | 1.17% | 1.83% | 2.30% | 1.50% | 0.47% | 0.07% | 12.56% |
| 2024 | 0.76% | 2.46% | 2.21% | -3.45% | 3.39% | 2.25% | 1.97% | 1.65% | 1.67% | -1.47% | 4.26% | -2.40% | 13.80% |
| 2023 | 5.19% | -2.28% | 2.35% | 0.82% | -0.08% | 3.87% | 2.28% | -1.43% | -3.89% | -1.87% | 6.96% | 4.30% | 16.76% |
| 2022 | -4.03% | -2.12% | 0.88% | -6.41% | 0.20% | -5.63% | 6.13% | -3.12% | -6.94% | 4.48% | 4.36% | -3.79% | -15.81% |
| 2021 | -0.26% | 1.37% | 1.93% | 3.30% | 0.35% | 1.45% | 1.24% | 1.62% | -2.97% | 3.63% | -0.81% | 2.23% | 13.68% |
Benchmark Metrics
New Covenant Balanced Growth Fund has an annualized alpha of 1.48%, beta of 0.55, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since June 30, 1999.
- This fund participated in 65.35% of S&P 500 Index downside but only 61.96% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.55 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.48%
- Beta
- 0.55
- R²
- 0.81
- Upside Capture
- 61.96%
- Downside Capture
- 65.35%
Expense Ratio
NCBGX has an expense ratio of 0.13%, which is considered low.
Return for Risk
Risk / Return Rank
NCBGX ranks 50 for risk / return — above 50% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for New Covenant Balanced Growth Fund (NCBGX) 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.
| NCBGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.00 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.64 | 8.49 | +0.15 |
Dividends
Dividend History
New Covenant Balanced Growth Fund provided a 8.56% dividend yield over the last twelve months, with an annual payout of $11.17 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $11.17 | $11.27 | $9.07 | $2.62 | $4.16 | $4.84 | $7.55 | $5.87 | $6.21 | $1.56 | $0.90 | $10.81 |
Dividend yield | 8.56% | 9.02% | 7.48% | 2.28% | 4.15% | 3.90% | 6.65% | 5.58% | 6.72% | 1.53% | 0.99% | 12.13% |
Monthly Dividends
The table displays the monthly dividend distributions for New Covenant Balanced Growth Fund. 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 | $0.69 | $0.00 | $0.00 | $0.49 | $1.18 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.44 | $0.00 | $9.56 | $11.27 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.67 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.27 | $0.00 | $7.64 | $9.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.40 | $0.00 | $1.22 | $2.62 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $3.56 | $4.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.00 | $0.00 | $4.13 | $4.84 |
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 Covenant Balanced Growth Fund. 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 Covenant Balanced Growth Fund was 41.27%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.
The current New Covenant Balanced Growth Fund drawdown is 1.39%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-41.27%Mar 2009 | 1y 5mo | 3y 5d | 4y 5moOct 2007 - Mar 2012 | Financial crisis2007–2009 |
-24.70%Oct 2002 | 9mo 16d | 1y 3mo | 2y 25dDec 2001 - Jan 2004 | Dot-com crash2000–2002 |
-22.98%Mar 2020 | 1mo 2d | 3mo 29d | 5mo 1dFeb 2020 - Jul 2020 | COVID crash2020 |
-20.39%Oct 2022 | 9mo 20d | 1y 3mo | 2y 1moDec 2021 - Feb 2024 | Bear market2022 |
-17.41%Sep 2001 | 1y 16d | 3mo 6d | 1y 3moSep 2000 - Dec 2001 | Dot-com crash2000–2002 |
Drawdown Indicators
| NCBGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.27% | -56.78% | +15.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -9.10% | +3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -11.76% | -18.90% | +7.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -25.43% | +5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -22.98% | -33.92% | +10.94% |
Current DrawdownCurrent decline from peak | -1.39% | -1.58% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -10.70% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 2.14% | -0.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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