Efficiently reckless global equity blender chasing returns with one very overworked us large cap engine
Report created on Mar 21, 2026Risk profile
5/7
Diversification profile
4/5
Positions
-
HU Global X US Large Cap Index Corporate Class ETF
HULC - CA44056L1040 40.00% -
HX Global X Intl Developed Markets Equity Index Corporate Class ETF
HXDM - CA44055M1032 25.00% -
HX Global X S&P/TSX 60™ Index Corporate Class ETF
HXT - CA44056G1054 25.00% -
HX Global X Emerging Markets Equity Index Corporate Class ETF
HXEM - CA44056J1093 10.00%
At a glance this thing is a three-fund portfolio with one fund doing almost all the heavy lifting. Forty percent stuffed into US large caps then 25% local home-country blue chips and 25% ex-North America developed plus a small 10% emerging slice. It’s basically “own the world” but with a spotlight and fog machine pointed at US mega caps. Structurally it’s simple and mostly sensible but “growth” here really means “equities plus a token cash puddle.” Takeaway: this is an almost pure equity rocket with one giant booster stage; if the US large cap engine coughs the whole ship shakes.
Growth
Your historical performance looks like you accidentally built a hedge fund in ETF clothing. A 20.6% CAGR since 2020 versus ~14.6% for US and ~12.5% for global markets is obnoxiously good. CAGR (Compound Annual Growth Rate) is the “average speed” of your money over the whole trip; this thing has been flooring it. Max drawdown around -20% versus similar or worse for the benchmarks means you took market-sized hits but got paid above-market returns. Past data is like yesterday’s weather though: informative but not a prophecy. Takeaway: enjoy the win but do not assume 20%+ per year is a permanent personality trait.
Projection
The Monte Carlo projection is the financial version of running 1,000 alternate timelines. It takes your historical return and volatility and shakes them up randomly to see where $1,000 might land in 10 years. Median outcome of ~564% is wild; worst 5% still up ~47%, and 98.1% of simulations positive. Sounds dreamy, but remember: the simulation assumes the future sort of rhymes with the past, which markets love to violate at the worst times. Takeaway: this portfolio has serious upside potential but the rosy simulations are built on an especially strong recent run that may not repeat so neatly.
Asset classes
- US Equity 40%
- Other 28%
- Stocks 25%
- Cash 7%
Asset classes here are basically “equity, equity, more equity, plus 7% in cash so it doesn’t look totally unhinged.” US equity at 40%, another 25% generic “equity,” 28% “other” (which is just foreign equity dressed vaguely) – this is a one-trick pony that just learned several passports are diversification. For a “growth” profile that’s fine, but anyone pretending this has meaningful ballast is kidding themselves. Cash at 7% is more of a waiting room than a shock absorber. Takeaway: if the plan is long horizon and high tolerance for drama, the equity dominance fits; otherwise, it’s a bit turbocharged.
Sectors
- Technology 16%
- Financials 14%
- Industrials 6%
- Energy 5%
- Telecommunications 5%
- Consumer Discretionary 5%
- Health Care 4%
- Basic Materials 4%
- Consumer Staples 3%
- Utilities 2%
- Real Estate 1%
Sector spread actually looks like someone read a textbook once: tech 16%, financials 14%, then industrials, energy, communications, cyclicals, healthcare, materials, defensives, utilities, real estate all in single digits. You’ve avoided the classic “half the portfolio is tech” disaster, which for a growth-tilted equity mix is surprisingly responsible. Still, don’t let that 16% tech figure fool you — your top look-through names are almost all in tech or tech-adjacent. The chart looks balanced, the underlying brands say otherwise. Takeaway: sector labels are cosmetic; the real risk story is those few mega names driving returns across multiple funds.
Regions
- North America 65%
Geographically this is “North America plus everyone else as a side quest.” About 65% in North America and the rest scattered globally. For a Canadian investor that’s actually less home bias than usual; most people here just hug the local index and call it patriotism. Still, this is very “US first, world second.” If North America stumbles while other regions shine, you’ll be watching from the cheap seats. Takeaway: global tilt is decent but still US-centric; if the goal is truly world-level diversification, nudging more toward non-North-America equity over time wouldn’t be crazy.
Market capitalization
- Mega-cap 44%
- Large-cap 32%
- Mid-cap 14%
Market cap mix is aggressively grown-up: 44% mega, 32% big, 14% mid. Small caps are basically not invited to the party. This is the corporate version of only hanging out with Fortune 500 CEOs and pretending small businesses don’t exist. That gives you stability and liquidity but also means you lean heavily on the giants that already ran hard over the last decade. Takeaway: big and mega caps help with smoother rides and tighter spreads, but they can also be slower in some cycles; if you ever want a bit more long-term oomph, some deliberate small-cap seasoning could matter.
True holdings
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NV NVIDIA Corporation 2.80%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
-
AA Apple Inc 2.56%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
-
MS Microsoft Corporation 1.95%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
-
AM Amazon.com Inc 1.36%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
-
GO Alphabet Inc Class A 1.23%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
-
GO Alphabet Inc Class C 1.06%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
-
AV Broadcom Inc 1.01%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
-
ME Meta Platforms Inc. 0.95%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
-
TS Tesla Inc 0.79%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
- LS 1x Tesla Tracker ETP Securities GBP
-
LL Eli Lilly and Company 0.60%
Part of fund(s):- Global X US Large Cap Index Corporate Class ETF
- Top 10 total 14.31%
Look-through holdings scream “US megacap fan club.” NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta, Tesla… you basically own the NASDAQ poster wall through multiple wrappers. Each position on its own looks small (2–3%) but that’s with only top-10 ETF data; real overlap is higher. This is like ordering four “different” burgers that all use the same greasy special sauce. Hidden concentration means when those big names wobble, multiple ETFs wobble together. Takeaway: even diversified funds can secretly be the same bet; if every path leads back to the same mega stocks, your safety net is thinner than it looks.
Factors
Factor exposure here is a weird but powerful cocktail: high low-volatility (68%), big momentum tilt (47.3%), and some size factor lean. Factors are the hidden “flavors” of returns – value, momentum, quality, etc. You’ve accidentally built “stable-ish momentum”: betting on what’s been working but in less-chaotic names. That can be great in steady uptrends but can whipsaw when leadership flips. Signal coverage only about 40% though, so the picture is blurry. Takeaway: whether intentional or not, you’re riding winners that don’t swing quite as wildly; just don’t mistake this for true downside protection when regimes change.
Risk contribution
-
Global X US Large Cap Index Corporate Class ETF
Weight: 40.00% 80.8% -
Global X Intl Developed Markets Equity Index Corporate Class ETF
Weight: 25.00% 8.4% -
Global X S&P/TSX 60™ Index Corporate Class ETF
Weight: 25.00% 7.6% -
Global X Emerging Markets Equity Index Corporate Class ETF
Weight: 10.00% 3.3%
Risk contribution is where this portfolio takes off the mask. Your US large cap ETF is 40% of weight but a ridiculous 80.8% of total portfolio risk. Risk-to-weight ratio above 2? That thing’s doing double-time as the drama queen. The other three positions share the remaining risk like quiet background characters. Risk contribution tells you who’s really shaking the returns, not who just looks big on paper. Takeaway: trimming or capping that single ETF would massively change how the portfolio behaves; right now, one holding is basically your entire emotional rollercoaster.
Risk vs. return
This chart shows the Efficient Frontier, calculated using your current assets with different allocation combinations. It highlights the best balance between risk and return based on historical data. "Efficient" portfolios maximize returns for a given risk or minimize risk for a given return. Portfolios below the curve are less efficient. This is informational and not a recommendation to buy or sell any assets.
Click on the colored dots to explore allocations.
On the risk–return chart, you’re sitting on the efficient frontier but not in the “smartest” seat. Efficient frontier: best possible return for each risk level with your existing ingredients. Your current mix: 20.15% expected return, 20.8% risk, Sharpe 0.87. The optimal mix: 17.19% return, 13.57% risk, Sharpe 1.19 — same ingredients, just rearranged less chaotically. There’s even a same-risk optimized monster at 32.61% return but 44.63% risk, which is basically “YOLO mode.” Takeaway: you’re not wasting risk, but you are paying extra volatility for return that could be achieved more efficiently by reweighting.
Ongoing product costs
- Global X US Large Cap Index Corporate Class ETF 0.08%
- Global X Intl Developed Markets Equity Index Corporate Class ETF 0.20%
- Global X Emerging Markets Equity Index Corporate Class ETF 0.25%
- Global X S&P/TSX 60™ Index Corporate Class ETF 0.07%
- Weighted costs total (per year) 0.12%
Cost-wise, this thing is offensively reasonable. A total TER around 0.12% is so low it feels like you misclicked into institutional pricing. Fees are the financial equivalent of slow internal bleeding; here, the drip is more like a paper cut. You’re not paying for flashy active managers to underperform; you’re paying index-level prices to own broad markets. Takeaway: there’s no meaningful fat to trim on costs. If returns disappoint at some point, it won’t be because the fee vampire drained you — it’ll be pure market pain, straight up, no excuses.
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