NCBIX vs. SICIX

Last updated Apr 2, 2026

Compare and contrast key facts about New Covenant Balanced Income Fund (NCBIX) and SEI Asset Allocation Trust Conservative Strategy Fund (SICIX).

NCBIX is managed by New Covenant. It was launched on Jun 30, 1999. SICIX is managed by SEI. It was launched on Nov 16, 2003.

Performance

NCBIX vs. SICIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Covenant Balanced Income Fund (NCBIX) and SEI Asset Allocation Trust Conservative Strategy Fund (SICIX). The values are adjusted to include any dividend payments, if applicable.

NCBIX vs. SICIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NCBIX New Covenant Balanced Income Fund	-1.56%	10.38%	8.77%	11.71%	-13.79%	6.85%	11.65%	14.60%	-2.01%	8.69%
SICIX SEI Asset Allocation Trust Conservative Strategy Fund	0.82%	8.12%	5.52%	5.29%	-6.23%	4.13%	2.62%	9.36%	-2.07%	5.13%

Returns By Period

In the year-to-date period, NCBIX achieves a -1.56% return, which is significantly lower than SICIX's 0.82% return. Over the past 10 years, NCBIX has outperformed SICIX with an annualized return of 5.34%, while SICIX has yielded a comparatively lower 3.41% annualized return.

NCBIX

• 1D: 1.15%
• 1M: -2.48%
• YTD: -1.56%
• 6M: -0.21%
• 1Y: 8.37%
• 3Y*: 8.22%
• 5Y*: 3.63%
• 10Y*: 5.34%

SICIX

• 1D: 0.45%
• 1M: -1.68%
• YTD: 0.82%
• 6M: 2.03%
• 1Y: 6.27%
• 3Y*: 5.96%
• 5Y*: 3.24%
• 10Y*: 3.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NCBIX vs. SICIX - Expense Ratio Comparison

NCBIX has a 0.15% expense ratio, which is lower than SICIX's 0.51% expense ratio.

SICIX

SEI Asset Allocation Trust Conservative Strategy Fund

NCBIX

New Covenant Balanced Income Fund

Return for Risk

NCBIX vs. SICIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NCBIX

NCBIX Risk / Return Rank: 72
NCBIX Sharpe Ratio Rank: 69
NCBIX Sortino Ratio Rank: 72
NCBIX Omega Ratio Rank: 65
NCBIX Calmar Ratio Rank: 77
NCBIX Martin Ratio Rank: 76

SICIX

SICIX Risk / Return Rank: 84
SICIX Sharpe Ratio Rank: 85
SICIX Sortino Ratio Rank: 83
SICIX Omega Ratio Rank: 85
SICIX Calmar Ratio Rank: 85
SICIX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NCBIX vs. SICIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Covenant Balanced Income Fund (NCBIX) and SEI Asset Allocation Trust Conservative Strategy Fund (SICIX). 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.

	NCBIX	SICIX	Difference
Sharpe ratio Return per unit of total volatility	1.35	1.75	-0.40
Sortino ratio Return per unit of downside risk	1.98	2.34	-0.36
Omega ratio Gain probability vs. loss probability	1.27	1.37	-0.09
Calmar ratio Return relative to maximum drawdown	2.04	2.40	-0.36
Martin ratio Return relative to average drawdown	8.36	9.65	-1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCBIX vs. SICIX - Sharpe Ratio Comparison

The current NCBIX Sharpe Ratio is 1.35, which is comparable to the SICIX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of NCBIX and SICIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NCBIX	SICIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.75	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.85	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.88	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.78	-0.27

Correlation

The correlation between NCBIX and SICIX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NCBIX vs. SICIX - Dividend Comparison

NCBIX's dividend yield for the trailing twelve months is around 6.25%, more than SICIX's 2.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NCBIX New Covenant Balanced Income Fund	6.25%	6.15%	5.21%	1.97%	2.72%	4.22%	5.49%	4.14%	5.85%	2.05%	1.23%	7.37%
SICIX SEI Asset Allocation Trust Conservative Strategy Fund	2.85%	2.87%	3.67%	2.80%	4.69%	3.46%	1.84%	2.91%	1.80%	1.81%	1.64%	1.97%

Drawdowns

NCBIX vs. SICIX - Drawdown Comparison

The maximum NCBIX drawdown since its inception was -32.19%, which is greater than SICIX's maximum drawdown of -27.62%. Use the drawdown chart below to compare losses from any high point for NCBIX and SICIX.

Drawdown Indicators

	NCBIX	SICIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.19%	-27.62%	-4.57%
Max Drawdown (1Y) Largest decline over 1 year	-4.36%	-2.73%	-1.63%
Max Drawdown (5Y) Largest decline over 5 years	-17.67%	-10.94%	-6.73%
Max Drawdown (10Y) Largest decline over 10 years	-17.67%	-11.61%	-6.06%
Current Drawdown Current decline from peak	-2.82%	-1.95%	-0.87%
Average Drawdown Average peak-to-trough decline	-3.50%	-3.59%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	0.68%	+0.38%

Volatility

NCBIX vs. SICIX - Volatility Comparison

New Covenant Balanced Income Fund (NCBIX) has a higher volatility of 2.53% compared to SEI Asset Allocation Trust Conservative Strategy Fund (SICIX) at 1.35%. This indicates that NCBIX's price experiences larger fluctuations and is considered to be riskier than SICIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCBIX	SICIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	1.35%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	3.92%	2.10%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	6.48%	3.68%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.13%	3.88%	+3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.03%	3.90%	+3.13%