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CQS New City High Yield Fund (NCYF.L) Diversifiers

Equity · Currency in GBp · Last updated Jun 5, 2026

CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds. It uses a value approach to create its portfolio. The fund was formerly known as New City High Yield Fund Limited. CQS New City High Yield Fund Limited was formed in October 2004 and is domiciled in the Channel Islands.

Looking to balance out your exposure to NCYF.L? The ETFs below have the lowest correlation with NCYF.L — they tend to move on their own, which can help reduce risk when NCYF.L drops. The stock ideas table highlights individual companies that behave independently from NCYF.L.

Best Diversifiers for NCYF.L

1 ETFs have low correlation with NCYF.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) (High Yield Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
WIGG.L
iShares Fallen Angels High Yield Corporate Bond UC...0.100.040.07
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High Yield BondsNCYF.L vs WIGG.L

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