NCGFX vs. IGIAX

Last updated Aug 1, 2026

NCGFX (New Covenant Growth Fund) and IGIAX (Integrity ESG Growth & Income Fund) are both Large Cap Blend Equities funds. Over the past 10 years, NCGFX returned 13.30%/yr vs 14.82%/yr for IGIAX. Their correlation of 0.89 means they have usually moved in the same direction. NCGFX charges 0.97%/yr vs 1.24%/yr for IGIAX.

Performance

NCGFX vs. IGIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Covenant Growth Fund (NCGFX) and Integrity ESG Growth & Income Fund (IGIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NCGFX achieves a 9.17% return, which is significantly lower than IGIAX's 21.87% return. Over the past 10 years, NCGFX has underperformed IGIAX with an annualized return of 13.30%, while IGIAX has yielded a comparatively higher 14.82% annualized return.

NCGFX

• 1D: 1.68%
• 1M: -1.01%
• 6M: 7.63%
• YTD: 9.17%
• 1Y: 20.10%
• 3Y*: 17.23%
• 5Y*: 9.93%
• 10Y*: 13.30%
• ALL TIME*: 6.91%

IGIAX

• 1D: 2.20%
• 1M: -2.65%
• 6M: 18.01%
• YTD: 21.87%
• 1Y: 32.73%
• 3Y*: 21.08%
• 5Y*: 12.94%
• 10Y*: 14.82%
• ALL TIME*: 10.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGIAX Integrity ESG Growth & Income Fund	$0.00	$0.00	$0.00
NCGFX New Covenant Growth Fund	$0.00	$0.00	$0.00

NCGFX vs. IGIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NCGFX New Covenant Growth Fund	9.17%	15.84%	22.15%	25.24%	-19.62%	20.69%	20.25%	30.23%	-6.07%	21.60%
IGIAX Integrity ESG Growth & Income Fund	21.87%	18.60%	17.24%	25.24%	-21.32%	27.62%	17.14%	33.11%	-1.83%	18.69%

Correlation

The correlation between NCGFX and IGIAX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Jun 30, 1999	0.89

The correlation between NCGFX and IGIAX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

NCGFX vs. IGIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NCGFX

NCGFX Risk / Return Rank: 47
NCGFX Sharpe Ratio Rank: 45
NCGFX Sortino Ratio Rank: 43
NCGFX Omega Ratio Rank: 42
NCGFX Calmar Ratio Rank: 47
NCGFX Martin Ratio Rank: 60

IGIAX

IGIAX Risk / Return Rank: 80
IGIAX Sharpe Ratio Rank: 76
IGIAX Sortino Ratio Rank: 73
IGIAX Omega Ratio Rank: 68
IGIAX Calmar Ratio Rank: 93
IGIAX Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NCGFX vs. IGIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Covenant Growth Fund (NCGFX) and Integrity ESG Growth & Income Fund (IGIAX). 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.

	NCGFX	IGIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.76	-0.42
Sortino ratio: Return per unit of downside risk	1.89	2.47	-0.58
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	1.90	3.77	-1.87
Martin ratio: Return relative to average drawdown	8.07	12.92	-4.85

NCGFX vs. IGIAX - Sharpe Ratio Comparison

The current NCGFX Sharpe Ratio is 1.34, which is comparable to the IGIAX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of NCGFX and IGIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NCGFX vs. IGIAX - Drawdown Comparison

The maximum NCGFX drawdown since its inception was -55.18%, smaller than the maximum IGIAX drawdown of -79.15%. Use the drawdown chart below to compare losses from any high point for NCGFX and IGIAX.

Drawdown Indicators

	NCGFX	IGIAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.18%	-79.15%	+23.97%
Max Drawdown (1Y) Largest decline over 1 year	-9.31%	-7.97%	-1.34%
Max Drawdown (3Y) Largest decline over 3 years	-25.32%	-19.58%	-5.74%
Max Drawdown (5Y) Largest decline over 5 years	-28.10%	-30.18%	+2.08%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	-31.19%	-3.09%
Current Drawdown Current decline from peak	-1.98%	-5.94%	+3.96%
Average Drawdown Average peak-to-trough decline	-11.41%	-33.19%	+21.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.32%	-0.13%

Volatility

NCGFX vs. IGIAX - Volatility Comparison

The current volatility for New Covenant Growth Fund (NCGFX) is 3.46%, while Integrity ESG Growth & Income Fund (IGIAX) has a volatility of 5.29%. This indicates that NCGFX experiences smaller price fluctuations and is considered to be less risky than IGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCGFX	IGIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	5.29%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	14.11%	-3.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	17.07%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	18.45%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	18.23%	+0.72%

NCGFX vs. IGIAX - Expense Ratio Comparison

NCGFX has a 0.97% expense ratio, which is lower than IGIAX's 1.24% expense ratio.

Dividends

NCGFX vs. IGIAX - Dividend Comparison

NCGFX's dividend yield for the trailing twelve months is around 8.87%, more than IGIAX's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGIAX Integrity ESG Growth & Income Fund	2.97%	3.62%	0.00%	2.23%	1.41%	0.63%	0.62%	9.26%	6.63%	7.31%	2.30%	2.19%
NCGFX New Covenant Growth Fund	8.87%	9.67%	10.12%	6.81%	1.61%	1.45%	4.07%	5.55%	8.44%	6.54%	0.66%	7.83%

Frequently Asked Questions

Can I hold both NCGFX and IGIAX in my portfolio?

NCGFX and IGIAX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NCGFX or IGIAX?

IGIAX has higher volatility (5.29%) compared to NCGFX (3.46%). In terms of maximum drawdown, NCGFX dropped -55.18% vs IGIAX's -79.15%.

Which has better risk-adjusted returns?

IGIAX currently has the higher Sharpe Ratio (1.76 vs 1.34), 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.