NCGFX vs. NCBGX
NCGFX (New Covenant Growth Fund) and NCBGX (New Covenant Balanced Growth Fund) are both mutual funds - NCGFX is a Large Cap Blend Equities fund managed by New Covenant, while NCBGX is a Diversified Portfolio fund managed by New Covenant. Over the past 10 years, NCGFX returned 13.30%/yr vs 8.57%/yr for NCBGX. Their 0.98 correlation means they have historically moved very closely together. NCGFX charges 0.97%/yr vs 0.13%/yr for NCBGX.
Performance
NCGFX vs. NCBGX - Performance Comparison
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Returns By Period
In the year-to-date period, NCGFX achieves a 9.17% return, which is significantly higher than NCBGX's 5.39% return. Over the past 10 years, NCGFX has outperformed NCBGX with an annualized return of 13.30%, while NCBGX has yielded a comparatively lower 8.57% 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%
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%
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 |
NCGFX vs. NCBGX - 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% |
NCBGX New Covenant Balanced Growth Fund | 5.39% | 12.56% | 13.80% | 16.76% | -15.81% | 13.68% | 15.42% | 20.38% | -3.42% | 13.47% |
Correlation
The correlation between NCGFX and NCBGX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 1999 | 0.98 |
The correlation between NCGFX and NCBGX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
NCGFX vs. NCBGX — Risk / Return Rank
NCGFX
NCBGX
NCGFX vs. NCBGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Covenant Growth Fund (NCGFX) and New Covenant Balanced Growth Fund (NCBGX). 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 | NCBGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.03 | -0.13 |
| Martin ratioReturn relative to average drawdown | 8.07 | 8.64 | -0.57 |
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Drawdowns
NCGFX vs. NCBGX - Drawdown Comparison
The maximum NCGFX drawdown since its inception was -55.18%, which is greater than NCBGX's maximum drawdown of -41.27%. Use the drawdown chart below to compare losses from any high point for NCGFX and NCBGX.
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Drawdown Indicators
| NCGFX | NCBGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.18% | -41.27% | -13.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -5.81% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -25.32% | -11.76% | -13.56% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -20.39% | -7.71% |
Max Drawdown (10Y)Largest decline over 10 years | -34.28% | -22.98% | -11.30% |
Current DrawdownCurrent decline from peak | -1.98% | -1.39% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -5.87% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.36% | +0.83% |
Volatility
NCGFX vs. NCBGX - Volatility Comparison
New Covenant Growth Fund (NCGFX) has a higher volatility of 3.46% compared to New Covenant Balanced Growth Fund (NCBGX) at 2.26%. This indicates that NCGFX's price experiences larger fluctuations and is considered to be riskier than NCBGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCGFX | NCBGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.26% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 6.74% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 8.44% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 10.93% | +7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 11.28% | +7.67% |
NCGFX vs. NCBGX - Expense Ratio Comparison
NCGFX has a 0.97% expense ratio, which is higher than NCBGX's 0.13% expense ratio.
Dividends
NCGFX vs. NCBGX - Dividend Comparison
NCGFX's dividend yield for the trailing twelve months is around 8.87%, more than NCBGX's 8.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
With a correlation of 0.99, NCGFX and NCBGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
NCGFX has higher volatility (3.46%) compared to NCBGX (2.26%). In terms of maximum drawdown, NCGFX dropped -55.18% vs NCBGX's -41.27%.
NCBGX currently has the higher Sharpe Ratio (1.39 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.
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