NCYF.L vs. SHYU.L
Compare and contrast key facts about CQS New City High Yield Fund (NCYF.L) and iShares $ High Yield Corp Bond UCITS ETF (SHYU.L).
SHYU.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield Capped Index. It was launched on Sep 13, 2011.
Performance
NCYF.L vs. SHYU.L - Performance Comparison
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NCYF.L vs. SHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCYF.L CQS New City High Yield Fund | -1.99% | 8.31% | 12.08% | 4.61% | 3.17% | 16.43% | -5.71% | 14.70% | -2.24% | 12.97% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | -0.84% | -4.17% | 8.56% | 4.72% | 2.04% | 4.96% | 1.60% | 9.12% | 4.39% | -3.89% |
Different Trading Currencies
NCYF.L is traded in GBp, while SHYU.L is traded in GBP. To make them comparable, the SHYU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, NCYF.L achieves a -1.99% return, which is significantly lower than SHYU.L's -0.84% return. Over the past 10 years, NCYF.L has outperformed SHYU.L with an annualized return of 7.07%, while SHYU.L has yielded a comparatively lower 5.17% annualized return.
NCYF.L
- 1D
- 0.40%
- 1M
- -3.50%
- YTD
- -1.99%
- 6M
- -0.82%
- 1Y
- 5.36%
- 3Y*
- 9.46%
- 5Y*
- 8.17%
- 10Y*
- 7.07%
SHYU.L
- 1D
- -0.21%
- 1M
- -0.37%
- YTD
- -0.84%
- 6M
- -2.30%
- 1Y
- -3.78%
- 3Y*
- 2.50%
- 5Y*
- 3.08%
- 10Y*
- 5.17%
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Return for Risk
NCYF.L vs. SHYU.L — Risk / Return Rank
NCYF.L
SHYU.L
NCYF.L vs. SHYU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CQS New City High Yield Fund (NCYF.L) and iShares $ High Yield Corp Bond UCITS ETF (SHYU.L). 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.
| NCYF.L | SHYU.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | -0.45 | +0.96 |
Sortino ratioReturn per unit of downside risk | 0.76 | -0.51 | +1.27 |
Omega ratioGain probability vs. loss probability | 1.11 | 0.92 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | -0.56 | +1.41 |
Martin ratioReturn relative to average drawdown | 3.78 | -0.97 | +4.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCYF.L | SHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | -0.45 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.38 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.53 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.60 | -0.11 |
Correlation
The correlation between NCYF.L and SHYU.L is 0.05, 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.
Dividends
NCYF.L vs. SHYU.L - Dividend Comparison
NCYF.L's dividend yield for the trailing twelve months is around 9.09%, while SHYU.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCYF.L CQS New City High Yield Fund | 9.09% | 8.74% | 8.65% | 8.87% | 8.45% | 8.01% | 8.58% | 7.39% | 7.83% | 7.07% | 7.39% | 7.75% |
SHYU.L iShares $ High Yield Corp Bond UCITS ETF | 0.00% | 0.00% | 6.32% | 5.76% | 4.82% | 4.27% | 5.16% | 5.58% | 5.52% | 5.74% | 5.16% | 5.87% |
Drawdowns
NCYF.L vs. SHYU.L - Drawdown Comparison
The maximum NCYF.L drawdown since its inception was -55.45%, which is greater than SHYU.L's maximum drawdown of -15.01%. Use the drawdown chart below to compare losses from any high point for NCYF.L and SHYU.L.
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Drawdown Indicators
| NCYF.L | SHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.45% | -15.01% | -40.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.81% | -6.50% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -16.73% | -11.08% | -5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -55.45% | -15.01% | -40.44% |
Current DrawdownCurrent decline from peak | -3.88% | -8.35% | +4.47% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -4.09% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 3.75% | -2.44% |
Volatility
NCYF.L vs. SHYU.L - Volatility Comparison
CQS New City High Yield Fund (NCYF.L) has a higher volatility of 6.18% compared to iShares $ High Yield Corp Bond UCITS ETF (SHYU.L) at 1.87%. This indicates that NCYF.L's price experiences larger fluctuations and is considered to be riskier than SHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCYF.L | SHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 1.87% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 5.65% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.42% | 8.34% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 8.16% | +5.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.78% | 9.77% | +12.01% |