Does investing with a conscience cost you money? A matched-pair analysis of 96 mutual funds (24 faith-based, 24 secular SRI, 48 conventional) from 2007–2015 found no statistically significant performance penalty for faith-based funds. While the raw return was slightly lower (-0.55%), the difference was **statistically insignificant** (t-statistic -1.33) once adjusted for risk and fund size. The study concludes that faith-based restrictions do not inherently degrade performance, debunking the "Cost of Piety" myth.
https://www.researchgate.net/publication/46489705_The_Price_of_Sin_The_Effects_of_Social_Norms_on_MarketsWe reject the binary choice between "Values" and "Value." The academic evidence confirms that a constrained universe does not automatically lead to constrained returns. The "Faith Penalty" is a myth perpetuated by those who confuse *screening* with *underperformance*. By using sophisticated active management within a values-aligned universe, we target alpha without compromising on the source of the returns.
Invest With Us








Stop choosing. Start compounding the kind of capital you're proud to own.
We offer digital onboarding with a simple online form — you can have a fully-funded Archalos account in just a few days, custodied at Charles Schwab or Fidelity.