NCYF.L vs. ACWI
Compare and contrast key facts about CQS New City High Yield Fund (NCYF.L) and iShares MSCI ACWI ETF (ACWI).
ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NCYF.L or ACWI.
Key characteristics
| NCYF.L | ACWI | |
|---|---|---|
| YTD Return | 9.94% | 17.15% |
| 1Y Return | 17.58% | 26.84% |
| 3Y Return (Ann) | 6.88% | 7.39% |
| 5Y Return (Ann) | 6.14% | 11.79% |
| 10Y Return (Ann) | 3.92% | 9.20% |
| Sharpe Ratio | 1.49 | 2.11 |
| Daily Std Dev | 11.17% | 12.31% |
| Max Drawdown | -55.45% | -56.00% |
| Current Drawdown | -0.16% | 0.00% |
Correlation
The correlation between NCYF.L and ACWI is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NCYF.L vs. ACWI - Performance Comparison
In the year-to-date period, NCYF.L achieves a 9.94% return, which is significantly lower than ACWI's 17.15% return. Over the past 10 years, NCYF.L has underperformed ACWI with an annualized return of 3.92%, while ACWI has yielded a comparatively higher 9.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NCYF.L vs. ACWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CQS New City High Yield Fund (NCYF.L) and iShares MSCI ACWI ETF (ACWI). 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.
Dividends
NCYF.L vs. ACWI - Dividend Comparison
NCYF.L's dividend yield for the trailing twelve months is around 8.65%, more than ACWI's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCYF.L CQS New City High Yield Fund | 8.65% | 8.87% | 8.45% | 8.01% | 8.58% | 7.39% | 6.10% | 162.92% | 496.32% | 173.28% | 0.07% | 6.42% |
ACWI iShares MSCI ACWI ETF | 1.61% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
Drawdowns
NCYF.L vs. ACWI - Drawdown Comparison
The maximum NCYF.L drawdown since its inception was -55.45%, roughly equal to the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for NCYF.L and ACWI. For additional features, visit the drawdowns tool.
Volatility
NCYF.L vs. ACWI - Volatility Comparison
The current volatility for CQS New City High Yield Fund (NCYF.L) is 2.54%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 4.13%. This indicates that NCYF.L experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.