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CQS New City High Yield Fund (NCYF.L) Sharpe Ratio: 0.78

Equity · Currency in GBp · Last updated Jun 6, 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.

NCYF.L's Sharpe Ratio of 0.78 indicates that for each unit of volatility, it generates 0.78 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 6, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

NCYF.L Sharpe Ratio Rank

NCYF.L Sharpe Ratio Rank: 67.067
Above Average

NCYF.L ranks above 67.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

NCYF.L Sharpe Ratio Market Positioning

The chart shows NCYF.L's Sharpe Ratio relative to all stocks on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): -0.40 or lower
  • Yellow zone (middle 50%): -0.40 to 1.12
  • Green zone (top 25%): 1.12 or higher
  • Top 1%: 5.36+
  • Median: 0.21 — half of all investments score higher

How it compares to other similar stocks

The table compares CQS New City High Yield Fund's Sharpe Ratio with other stocks in the Collective Investments industry across multiple time periods, showing how NCYF.L's risk-adjusted performance compares to industry peers.

Data shows 1-, 5-, and 10-year periods, plus each stock's all-time average, as of Jun 6, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PCT.LPolar Capital Technology Trust4.35
BSRT.LBaker Steel Resources Trust3.83
AAIF.Labrdn Asian Income Fund Limited3.34
ATT.LAllianz Technology Trust plc3.28
MNTN.LSchiehallion Fund Ltd3.27
MYI.LMurray International Trust2.95
IBT.LInternational Biotechnology Trust plc2.72
JEMI.LJPMorgan Global Emerging Markets Investment Trust plc2.60
FCIT.LF&C Investment Trust plc2.59
BRWM.LBlackrock World Mining Trust plc2.52
NCYF.LCQS New City High Yield Fund0.78

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows NCYF.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NCYF.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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