NCBIX vs. SIFAX
NCBIX (New Covenant Balanced Income Fund) and SIFAX (SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund) are both Diversified Portfolio funds. Over the past 10 years, NCBIX returned 5.53%/yr vs 3.71%/yr for SIFAX. Their 0.27 correlation means their historical movements had little consistent relationship. NCBIX charges 0.15%/yr vs 0.90%/yr for SIFAX.
Performance
NCBIX vs. SIFAX - Performance Comparison
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Returns By Period
In the year-to-date period, NCBIX achieves a 3.05% return, which is significantly lower than SIFAX's 9.09% return. Over the past 10 years, NCBIX has outperformed SIFAX with an annualized return of 5.53%, while SIFAX has yielded a comparatively lower 3.71% annualized return.
NCBIX
- 1D
- 0.64%
- 1M
- -0.71%
- 6M
- 2.35%
- YTD
- 3.05%
- 1Y
- 8.35%
- 3Y*
- 8.55%
- 5Y*
- 3.82%
- 10Y*
- 5.53%
- ALL TIME*
- 4.34%
SIFAX
- 1D
- -0.35%
- 1M
- 3.10%
- 6M
- 5.37%
- YTD
- 9.09%
- 1Y
- 12.49%
- 3Y*
- 7.16%
- 5Y*
- 5.81%
- 10Y*
- 3.71%
- ALL TIME*
- 1.72%
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 |
NCBIX vs. SIFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCBIX New Covenant Balanced Income Fund | 3.05% | 10.38% | 8.77% | 11.71% | -13.79% | 6.85% | 11.65% | 14.60% | -2.01% | 8.69% |
SIFAX SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund | 9.09% | 7.82% | 4.08% | -1.74% | 8.48% | 10.83% | -1.59% | 5.68% | -3.64% | -1.96% |
Correlation
The correlation between NCBIX and SIFAX is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.26 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.27 |
The correlation between NCBIX and SIFAX shifts across timeframes, from -0.26 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NCBIX vs. SIFAX — Risk / Return Rank
NCBIX
SIFAX
NCBIX vs. SIFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Covenant Balanced Income Fund (NCBIX) and SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX). 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.
| NCBIX | SIFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.75 | -0.76 |
| Martin ratioReturn relative to average drawdown | 8.60 | 9.39 | -0.79 |
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Drawdowns
NCBIX vs. SIFAX - Drawdown Comparison
The maximum NCBIX drawdown since its inception was -32.19%, which is greater than SIFAX's maximum drawdown of -23.62%. Use the drawdown chart below to compare losses from any high point for NCBIX and SIFAX.
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Drawdown Indicators
| NCBIX | SIFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -23.62% | -8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -4.47% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -6.29% | -4.47% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -8.32% | -9.35% |
Max Drawdown (10Y)Largest decline over 10 years | -17.67% | -13.64% | -4.03% |
Current DrawdownCurrent decline from peak | -1.00% | -0.92% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -8.48% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.32% | -0.38% |
Volatility
NCBIX vs. SIFAX - Volatility Comparison
The current volatility for New Covenant Balanced Income Fund (NCBIX) is 1.56%, while SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) has a volatility of 1.65%. This indicates that NCBIX experiences smaller price fluctuations and is considered to be less risky than SIFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCBIX | SIFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.65% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 4.93% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 5.77% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.23% | 5.65% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 5.24% | +1.84% |
NCBIX vs. SIFAX - Expense Ratio Comparison
NCBIX has a 0.15% expense ratio, which is lower than SIFAX's 0.90% expense ratio.
Dividends
NCBIX vs. SIFAX - Dividend Comparison
NCBIX's dividend yield for the trailing twelve months is around 5.99%, more than SIFAX's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCBIX New Covenant Balanced Income Fund | 5.99% | 6.15% | 5.21% | 1.97% | 2.72% | 4.22% | 5.49% | 4.14% | 5.85% | 2.05% | 1.23% | 7.37% |
SIFAX SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund | 4.17% | 4.55% | 3.25% | 3.82% | 11.90% | 7.89% | 1.45% | 1.49% | 1.90% | 1.39% | 1.15% | 0.48% |
Frequently Asked Questions
NCBIX and SIFAX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIFAX has higher volatility (1.65%) compared to NCBIX (1.56%). In terms of maximum drawdown, NCBIX dropped -32.19% vs SIFAX's -23.62%.
SIFAX currently has the higher Sharpe Ratio (2.14 vs 1.44), 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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