NCYF.L vs. XLE
Compare and contrast key facts about CQS New City High Yield Fund (NCYF.L) and Energy Select Sector SPDR Fund (XLE).
XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NCYF.L or XLE.
Key characteristics
| NCYF.L | XLE | |
|---|---|---|
| YTD Return | 9.09% | 6.34% |
| 1Y Return | 16.19% | -2.27% |
| 3Y Return (Ann) | 6.36% | 26.17% |
| 5Y Return (Ann) | 5.80% | 12.64% |
| 10Y Return (Ann) | 3.76% | 3.22% |
| Sharpe Ratio | 1.36 | -0.08 |
| Daily Std Dev | 11.26% | 18.31% |
| Max Drawdown | -55.45% | -71.54% |
| Current Drawdown | -0.93% | -9.82% |
Correlation
The correlation between NCYF.L and XLE is 0.21, 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. XLE - Performance Comparison
In the year-to-date period, NCYF.L achieves a 9.09% return, which is significantly higher than XLE's 6.34% return. Over the past 10 years, NCYF.L has outperformed XLE with an annualized return of 3.76%, while XLE has yielded a comparatively lower 3.22% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NCYF.L vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CQS New City High Yield Fund (NCYF.L) and Energy Select Sector SPDR Fund (XLE). 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. XLE - Dividend Comparison
NCYF.L's dividend yield for the trailing twelve months is around 8.72%, more than XLE's 2.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCYF.L CQS New City High Yield Fund | 8.72% | 8.87% | 8.45% | 8.01% | 8.58% | 7.39% | 6.10% | 162.92% | 496.32% | 173.28% | 0.07% | 6.42% |
XLE Energy Select Sector SPDR Fund | 2.57% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
NCYF.L vs. XLE - Drawdown Comparison
The maximum NCYF.L drawdown since its inception was -55.45%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for NCYF.L and XLE. For additional features, visit the drawdowns tool.
Volatility
NCYF.L vs. XLE - Volatility Comparison
The current volatility for CQS New City High Yield Fund (NCYF.L) is 2.65%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 5.77%. This indicates that NCYF.L experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.