- ISIN
- US6436421019
- CUSIP
- 643642101
- Issuer
- New Covenant
- Inception Date
- Jul 1, 1999
- Category
- Large Cap Blend Equities
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NCGFX Performance Chart
New Covenant Growth Fund (NCGFX) is up 10.1% since the beginning of the year. NCGFX is currently trading at $74 per share. Investors who bought $1,000 worth of NCGFX shares 5 years ago would now be looking at an investment worth $1,699.
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Returns By Period
New Covenant Growth Fund (NCGFX) has returned 10.10% so far this year and 26.47% over the past 12 months. Over the last ten years, NCGFX has had an annualized return of 13.86%, just under the S&P 500 Index benchmark’s 13.88%.
New Covenant Growth Fund
- 1D
- 1.14%
- 1M
- 0.81%
- YTD
- 10.10%
- 6M
- 9.28%
- 1Y
- 26.47%
- 3Y*
- 19.29%
- 5Y*
- 11.18%
- 10Y*
- 13.86%
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%
NCGFX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 1999, NCGFX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +13.4%, while the worst month was Oct 2008 at -18.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NCGFX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.3%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.43% | -0.79% | -5.08% | 10.43% | 4.99% | -0.58% | 10.10% | ||||||
| 2025 | 2.94% | -1.93% | -6.02% | -0.94% | 6.23% | 5.02% | 2.06% | 2.20% | 3.30% | 2.15% | 0.44% | -0.07% | 15.84% |
| 2024 | 1.09% | 4.92% | 3.22% | -4.49% | 4.69% | 3.17% | 1.89% | 1.97% | 2.01% | -1.10% | 6.45% | -3.05% | 22.15% |
| 2023 | 6.89% | -2.45% | 2.67% | 1.03% | 0.36% | 6.79% | 3.60% | -2.07% | -5.11% | -2.36% | 9.18% | 5.28% | 25.24% |
| 2022 | -5.73% | -2.80% | 3.26% | -9.03% | -0.23% | -8.48% | 9.23% | -3.84% | -9.27% | 8.32% | 5.33% | -5.92% | -19.62% |
| 2021 | -0.42% | 2.87% | 3.62% | 5.16% | 0.54% | 2.41% | 1.74% | 2.83% | -4.59% | 6.83% | -1.23% | -0.28% | 20.69% |
Benchmark Metrics
New Covenant Growth Fund has an annualized alpha of 0.79%, beta of 0.94, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since June 30, 1999.
- With beta of 0.94 and R2 of 0.93, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.79%
- Beta
- 0.94
- R²
- 0.93
- Upside Capture
- 102.11%
- Downside Capture
- 100.13%
Expense Ratio
NCGFX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NCGFX ranks 58 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 Covenant Growth Fund (NCGFX) 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.
| NCGFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.78 | +0.04 |
| Martin ratioReturn relative to average drawdown | 12.39 | 12.44 | -0.05 |
Dividends
Dividend History
New Covenant Growth Fund provided a 8.78% dividend yield over the last twelve months, with an annual payout of $6.48 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.48 | $6.49 | $6.43 | $3.89 | $0.79 | $0.90 | $2.11 | $2.49 | $3.08 | $2.75 | $0.24 | $2.68 |
Dividend yield | 8.78% | 9.67% | 10.12% | 6.81% | 1.61% | 1.45% | 4.07% | 5.55% | 8.44% | 6.54% | 0.66% | 7.83% |
Monthly Dividends
The table displays the monthly dividend distributions for New Covenant 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 | $0.04 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $6.27 | $6.49 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $6.12 | $6.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $3.58 | $3.89 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.71 | $0.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.67 | $0.90 |
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 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 Growth Fund was 55.18%, occurring on Mar 9, 2009. Recovery took 978 trading sessions.
The current New Covenant Growth Fund drawdown is 1.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.18%Mar 2009 | 1y 4mo | 3y 10mo | 5y 3moOct 2007 - Jan 2013 |
Dot-com crash2000–2002 | -46.53%Oct 2002 | 2y 1mo | 3y 6mo | 5y 8moSep 2000 - May 2006 |
COVID crash2020 | -34.28%Mar 2020 | 1mo 2d | 4mo 17d | 5mo 19dFeb 2020 - Aug 2020 |
Bear market2022 | -28.10%Oct 2022 | 11mo 7d | 1y 3mo | 2y 3moNov 2021 - Feb 2024 |
2025 selloff2025 | -25.32%Apr 2025 | 3mo 21d | 5mo 14d | 9mo 5dDec 2024 - Sep 2025 |
Drawdown Indicators
| NCGFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -56.78% | +1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -9.10% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -25.32% | -18.90% | -6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -25.43% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -34.28% | -33.92% | -0.36% |
Current DrawdownCurrent decline from peak | -1.14% | -1.80% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -11.45% | -10.71% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.03% | +0.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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