- ISIN
- US6436424088
- CUSIP
- 643642408
- 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
NCBIX Performance Chart
New Covenant Balanced Income Fund (NCBIX) is up 3.6% since the beginning of the year. NCBIX is currently trading at $24 per share. Investors who bought $1,000 worth of NCBIX shares 5 years ago would now be looking at an investment worth $1,239.
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Returns By Period
New Covenant Balanced Income Fund (NCBIX) has returned 3.62% so far this year and 11.65% over the past 12 months. Over the last ten years, NCBIX has returned 5.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
New Covenant Balanced Income Fund
- 1D
- 0.55%
- 1M
- 0.55%
- YTD
- 3.62%
- 6M
- 3.40%
- 1Y
- 11.65%
- 3Y*
- 9.31%
- 5Y*
- 4.38%
- 10Y*
- 5.81%
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%
NCBIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 1999, NCBIX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +6.0%, while the worst month was Oct 2008 at -9.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NCBIX closed higher 51% of trading days. The best single day was Feb 23, 2000 with a return of +17.9%, while the worst single day was Feb 22, 2000 at -14.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.69% | 0.52% | -2.73% | 3.62% | 1.87% | -0.29% | 3.62% | ||||||
| 2025 | 1.39% | 0.53% | -1.94% | 0.18% | 1.67% | 2.62% | 0.58% | 1.64% | 1.62% | 1.12% | 0.54% | 0.04% | 10.38% |
| 2024 | 0.51% | 0.92% | 1.56% | -2.80% | 2.56% | 1.68% | 2.00% | 1.50% | 1.43% | -1.72% | 2.83% | -1.85% | 8.77% |
| 2023 | 4.22% | -2.19% | 2.19% | 0.66% | -0.34% | 1.95% | 1.41% | -1.00% | -3.02% | -1.61% | 5.56% | 3.69% | 11.71% |
| 2022 | -2.99% | -1.67% | -0.63% | -4.84% | 0.43% | -3.87% | 4.17% | -2.73% | -5.57% | 2.26% | 3.68% | -2.41% | -13.79% |
| 2021 | -0.17% | 0.44% | 0.92% | 2.21% | 0.21% | 0.85% | 0.99% | 0.83% | -1.98% | 1.73% | -0.54% | 1.24% | 6.85% |
Benchmark Metrics
New Covenant Balanced Income Fund has an annualized alpha of 2.04%, beta of 0.32, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since June 30, 1999.
- This fund participated in 40.64% of S&P 500 Index downside but only 39.25% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.04% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.32 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
- 2.04%
- Beta
- 0.32
- R²
- 0.55
- Upside Capture
- 39.25%
- Downside Capture
- 40.64%
Expense Ratio
NCBIX has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
NCBIX ranks 64 for risk / return — better than 64% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for New Covenant Balanced Income Fund (NCBIX) 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.
| NCBIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.78 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.82 | 12.44 | +0.38 |
Dividends
Dividend History
New Covenant Balanced Income Fund provided a 5.94% dividend yield over the last twelve months, with an annual payout of $1.42 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 | $1.42 | $1.42 | $1.16 | $0.43 | $0.54 | $0.99 | $1.26 | $0.90 | $1.15 | $0.44 | $0.25 | $1.45 |
Dividend yield | 5.94% | 6.15% | 5.21% | 1.97% | 2.72% | 4.22% | 5.49% | 4.14% | 5.85% | 2.05% | 1.23% | 7.37% |
Monthly Dividends
The table displays the monthly dividend distributions for New Covenant Balanced Income 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 | $0.12 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $1.04 | $1.42 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.03 | $0.00 | $0.90 | $1.16 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.12 | $0.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.40 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.99 |
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 Income 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 Income Fund was 32.19%, occurring on Nov 20, 2008. Recovery took 610 trading sessions.
The current New Covenant Balanced Income Fund drawdown is 0.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -32.19%Nov 2008 | 1y 22d | 2y 5mo | 3y 5moOct 2007 - Apr 2011 |
2000 correction2000 | -18.51%Feb 2000 | 1mo 24d | 1mo 5d | 2mo 29dDec 1999 - Mar 2000 |
Bear market2022 | -17.67%Oct 2022 | 11mo 10d | 1y 8mo | 2y 7moNov 2021 - Jun 2024 |
COVID crash2020 | -15.41%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
Dot-com crash2000–2002 | -12.21%Oct 2002 | 9mo 16d | 8mo 10d | 1y 5moDec 2001 - Jun 2003 |
Drawdown Indicators
| NCBIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -56.78% | +24.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -9.10% | +5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -6.29% | -18.90% | +12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -25.43% | +7.76% |
Max Drawdown (10Y)Largest decline over 10 years | -17.67% | -33.92% | +16.25% |
Current DrawdownCurrent decline from peak | -0.42% | -1.80% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -10.71% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.03% | -1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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