NCBGX vs. BWBIX
NCBGX (New Covenant Balanced Growth Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, NCBGX returned 6.57%/yr vs 3.22%/yr for BWBIX. Their correlation of 0.88 means they have usually moved in the same direction. NCBGX charges 0.13%/yr vs 0.05%/yr for BWBIX.
Performance
NCBGX vs. BWBIX - Performance Comparison
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Returns By Period
In the year-to-date period, NCBGX achieves a 5.39% return, which is significantly higher than BWBIX's 0.78% return.
NCBGX
- 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%
BWBIX
- 1D
- -0.64%
- 1M
- -5.41%
- 6M
- 2.24%
- YTD
- 0.78%
- 1Y
- 9.65%
- 3Y*
- 10.86%
- 5Y*
- 3.22%
- 10Y*
- —
- ALL TIME*
- 11.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NCBGX vs. BWBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NCBGX New Covenant Balanced Growth Fund | 5.39% | 12.56% | 13.80% | 16.76% | -15.81% | 13.68% | 15.42% | 20.38% | -4.19% |
BWBIX Baron WealthBuilder Fund | 0.78% | 10.23% | 19.62% | 25.77% | -32.58% | 14.76% | 62.85% | 36.41% | -12.02% |
Correlation
The correlation between NCBGX and BWBIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 21, 2018 | 0.88 |
The correlation between NCBGX and BWBIX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
NCBGX vs. BWBIX — Risk / Return Rank
NCBGX
BWBIX
NCBGX vs. BWBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Covenant Balanced Growth Fund (NCBGX) and Baron WealthBuilder Fund (BWBIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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 | BWBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.09 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.64 | +1.39 |
| Martin ratioReturn relative to average drawdown | 8.64 | 1.96 | +6.68 |
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Drawdowns
NCBGX vs. BWBIX - Drawdown Comparison
The maximum NCBGX drawdown since its inception was -41.27%, which is greater than BWBIX's maximum drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for NCBGX and BWBIX.
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Drawdown Indicators
| NCBGX | BWBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.27% | -39.14% | -2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -11.65% | +5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -11.76% | -21.59% | +9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | -39.14% | +18.75% |
Max Drawdown (10Y)Largest decline over 10 years | -22.98% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -5.90% | +4.51% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -11.55% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 3.79% | -2.43% |
Volatility
NCBGX vs. BWBIX - Volatility Comparison
The current volatility for New Covenant Balanced Growth Fund (NCBGX) is 2.26%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 4.30%. This indicates that NCBGX experiences smaller price fluctuations and is considered to be less risky than BWBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCBGX | BWBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 4.30% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.74% | 12.24% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 16.10% | -7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 21.31% | -10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 23.09% | -11.81% |
NCBGX vs. BWBIX - Expense Ratio Comparison
NCBGX has a 0.13% expense ratio, which is higher than BWBIX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NCBGX vs. BWBIX - Dividend Comparison
NCBGX's dividend yield for the trailing twelve months is around 8.56%, more than BWBIX's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWBIX Baron WealthBuilder Fund | 7.55% | 7.61% | 0.77% | 0.06% | 3.21% | 3.75% | 1.24% | 3.51% | 0.14% | 0.00% | 0.00% | 0.00% |
NCBGX New Covenant Balanced Growth Fund | 8.56% | 9.02% | 7.48% | 2.28% | 4.15% | 3.90% | 6.65% | 5.58% | 6.72% | 1.53% | 0.99% | 12.13% |
Frequently Asked Questions
NCBGX and BWBIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWBIX has higher volatility (4.30%) compared to NCBGX (2.26%). In terms of maximum drawdown, NCBGX dropped -41.27% vs BWBIX's -39.14%.
NCBGX currently has the higher Sharpe Ratio (1.39 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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