A closet indexer with a financials crush and a couple of wild Latin American side quests
Report created on May 28, 2026Risk profile
5/7
Diversification profile
4/5
Positions
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SP SPDR S&P 500 ETF Trust
SPY - US78462F1030 53.33% -
VE Vanguard FTSE Developed Markets Index Fund ETF Shares
VEA - US9219438580 20.00% -
XL Financial Select Sector SPDR® Fund
XLF - US81369Y6059 10.67% -
GG Grupo Financiero Galicia SA ADR
GGAL - US3999091008 5.34% -
GL SPDR® Gold Shares
GLD - US78463V1070 5.33% -
ME MercadoLibre Inc.
MELI - US58733R1023 5.33%
This portfolio is basically “S&P 500 with extras” — over half in one broad US fund, then a big developed markets ETF, a financials sector slice, and two spicy single stocks plus a gold trinket. It looks diversified on the surface, but the structure screams: one giant core position, a few medium satellites, and two concentrated bets pretending to be decorations. That 5%–ish in each of the individual stocks is not cute; it’s meaningful. Composition-wise, this is more like a sensible index skeleton that someone later decorated with pet ideas and didn’t quite think through how they all interact. It’s coherent enough, just oddly unambitious for the risks being taken.
Growth
Historically, the portfolio turned $1,000 into $4,053 — very solid — but it still managed to underperform a plain US market benchmark by a hair. That’s the annoying part: taking extra concentration and stock-specific risk to trail a simple index by 0.32% CAGR. CAGR is just your smoothed annual growth rate, like average speed on a road trip; here it’s 15.09%, but the benchmark went slightly faster. Max drawdown at -34.58% also came in a bit worse than the US market. Beating global stocks handily is nice, but that’s mostly just a by-product of being heavily US-focused in a decade where the US dominated. Past returns helped, but they’re not exactly proof of genius.
Projection
The Monte Carlo projection politely tells this portfolio: “Lower your expectations.” Backward-looking returns near 15% shrink to a simulated 7.98% annualized, which is reality reasserting itself. Monte Carlo is basically a thousand random weather forecasts for your money — using past volatility to imagine many futures. The median outcome after 15 years is $2,764 from $1,000, with a decent 75.4% chance of ending positive, but the “possible” range runs from “barely broke even” to “nice win.” It’s a reminder that history was unusually kind, and the future may be more average. The party already happened; this projection looks more like a workday than another rave.
Asset classes
- Stocks 95%
- Other 5%
Asset-class-wise, this thing is 95% stocks and 5% “other,” which is basically gold showing up like the lone doomsday prepper at a growth-investor party. There’s zero real ballast here — no bonds, no cash buffer worth mentioning — just a small shiny hedge stapled onto an equity rocket. For something with a mid-high risk score (5/7), the asset mix really leans into the “growth” label and largely ignores smoothing the ride. That’s fine if the goal is volatility and equity-like behavior, but there’s no pretending this is a balanced setup. It’s a stock portfolio with a gold novelty item, not a multi-asset structure.
Sectors
- Financials 26%
- Technology 23%
- Consumer Discretionary 12%
- Industrials 8%
- Telecommunications 6%
- Health Care 6%
- Consumer Staples 4%
- Energy 3%
- Basic Materials 2%
- Utilities 2%
- Real Estate 2%
This breakdown covers the equity portion of your portfolio only.
Sector exposure is where the personality leaks out. Financials sit at a chunky 26%, well above what a generic broad market would show, thanks to the dedicated financials ETF plus the individual Argentine bank. That’s not “broadly diversified”; that’s “financials are my favorite child.” Technology at 23% looks more normal — that’s just the modern market talking — but layering a specific sector tilt on top piles risk in one economic theme. When financials suffer, this portfolio isn’t just catching a cold; it’s taking a week off work. Sector bets can pay off, but here they’re loud enough that calling this neutral or hands-off is wishful thinking.
Regions
- North America 66%
- Europe Developed 10%
- Latin America 5%
- No data 5%
- Japan 4%
- Asia Developed 2%
- Australasia 1%
This breakdown covers the equity portion of your portfolio only.
Geographically, this is “USA plus supporting cast.” North America at 66% dominates, while Europe Developed ekes out 10%, and Latin America barely registers at 5% despite the loudness of the individual names. The rest — Japan, other developed Asia, Australasia — are polite rounding errors. So the portfolio earns a “Broadly Diversified” label, but in practice it’s very much anchored to one economic region and currency. The global outperformance versus world markets in recent years is almost entirely a side effect of that US tilt. If global leadership rotates, this geographic stance goes from “smart tilt” to “home bias in costume” very quickly.
Market capitalization
- Mega-cap 38%
- Large-cap 34%
- Mid-cap 21%
- No data 5%
- Small-cap 1%
This breakdown covers the equity portion of your portfolio only.
Market cap exposure is pretty textbook: 38% mega-cap, 34% large-cap, 21% mid-cap, and a lonely 1% in small-caps. Translation: mostly the big household names driving major indexes, with a bit of mid-cap flavor and essentially no real exposure to the tiny, chaotic stuff. That’s not inherently bad — big companies tend to be more stable — but it does make the portfolio feel more like a slightly tweaked broad index than a deliberate size strategy. The supposed value tilt doesn’t come through as a big push into smaller or scrappier firms. This is a large-cap party where mid-caps got a partial invite and small-caps were left on read.
True holdings
-
-
-
NV NVIDIA Corporation 4.45%
Part of fund(s):- SPDR S&P 500 ETF Trust
-
AA Apple Inc 3.74%
Part of fund(s):- SPDR S&P 500 ETF Trust
-
MS Microsoft Corporation 2.60%
Part of fund(s):- SPDR S&P 500 ETF Trust
-
AM Amazon.com Inc 2.19%
Part of fund(s):- SPDR S&P 500 ETF Trust
-
BR Berkshire Hathaway Inc 2.03%
Part of fund(s):- Financial Select Sector SPDR® Fund
- SPDR S&P 500 ETF Trust
-
GO Alphabet Inc Class A 1.88%
Part of fund(s):- SPDR S&P 500 ETF Trust
-
AV Broadcom Inc 1.64%
Part of fund(s):- SPDR S&P 500 ETF Trust
-
GO Alphabet Inc Class C 1.50%
Part of fund(s):- SPDR S&P 500 ETF Trust
- Top 10 total 30.71%
This breakdown covers the equity portion of your portfolio only.
The look-through holdings show a familiar greatest-hits playlist: NVIDIA, Apple, Microsoft, Amazon, Alphabet, Berkshire, Broadcom. All the usual suspects show up inside the ETFs, which means the top performers of the last decade are already baked in. The real concentration risk comes from the individual positions: Grupo Financiero Galicia and MercadoLibre sit at ~5% each and do not reappear via the ETFs, so their risk is pure single-stock exposure, not diversified overlap. Overlap overall is likely understated, but the story is simple: the ETFs cluster around the same mega names, while the two handpicked stocks create concentrated regional and company-specific risk with no backup diversifiers behind them.
Factors
Factor exposures are estimated using statistical models based on historical data and measure systematic (market-relative) tilts, not absolute portfolio characteristics. Results may vary depending on the analysis period, data availability, and currency of the underlying assets.
Factor-wise, the only real tilt is toward value at 61%, slightly above the 50% “neutral” line. Factor exposure is like checking what flavors actually season your portfolio: value, size, momentum, quality, low vol, yield. Here, size is mildly low (39%), meaning a soft lean toward bigger companies over smaller ones. Everything else sits neutral — no big bets on momentum darlings, safety-first low-vol names, or high-yield plodders. So despite the colorful stock picks and sector tilts, the factor profile is almost boringly moderate. It behaves like a mostly ordinary market portfolio with a small value tilt and a taste for larger firms, not some exotic quant experiment gone wrong.
Risk contribution
-
SPDR S&P 500 ETF Trust
Weight: 53.33% 51.5% -
Vanguard FTSE Developed Markets Index Fund ETF Shares
Weight: 20.00% 17.6% -
Financial Select Sector SPDR® Fund
Weight: 10.67% 11.2% -
Grupo Financiero Galicia SA ADR
Weight: 5.34% 10.0% -
MercadoLibre Inc.
Weight: 5.33% 9.0% - Top 5 risk contribution 99.3%
Risk contribution exposes the real drama. The top three holdings — S&P 500 ETF, developed markets ETF, and financials sector ETF — deliver over 80% of total portfolio risk, which is expected given their size. But the two Latin American stocks are the loud ones: Grupo Galicia holds 5.34% weight yet pumps out 10.03% of risk (risk/weight 1.88), and MercadoLibre’s 5.33% kicks in 9% of risk (1.69). That’s a lot of turbulence from relatively small positions. Risk contribution is like asking: who’s shaking the boat most, not who’s heaviest on board? Here, those two smaller passengers are doing more than their fair share of rocking.
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.
The efficient frontier analysis politely calls the portfolio inefficient. The current Sharpe ratio is 0.7 versus 1.17 for the optimal mix and 1.11 for the minimum variance option, all using the same ingredients. Sharpe is just “return per unit of risk,” like miles per gallon for your portfolio. Being 4.27 percentage points below the frontier at this risk level means the same holdings could be rearranged into something with either higher returns for the same volatility or similar returns with less drama. In other words, this isn’t a “you need new funds” problem; it’s a “these proportions are kind of sloppy” problem. Same toolbox, better layout possible.
Dividends
- Grupo Financiero Galicia SA ADR 4.90%
- SPDR S&P 500 ETF Trust 1.00%
- Vanguard FTSE Developed Markets Index Fund ETF Shares 2.60%
- Financial Select Sector SPDR® Fund 1.50%
- Weighted yield (per year) 1.48%
The income story is pretty underwhelming: a total yield of 1.48%, dragged up slightly by a 4.9% payer in Grupo Galicia and the 2.6% from the developed markets ETF. The S&P 500 ETF at 1.0% and the financials ETF at 1.5% aren’t doing much heavy lifting here. So despite the strong value tilt on paper, this isn’t some big dividend machine; it’s more like a regular growth portfolio that happens to own one high-yield outlier. If the plan was steady cash flow, this yield is more “small tip jar” than “rent-paying stream.” The income is there, but it’s not the main event — it’s background noise.
Ongoing product costs
- SPDR® Gold Shares 0.40%
- SPDR S&P 500 ETF Trust 0.10%
- Vanguard FTSE Developed Markets Index Fund ETF Shares 0.05%
- Financial Select Sector SPDR® Fund 0.09%
- Weighted costs total (per year) 0.09%
Costs are actually the least roastable part here. A total TER around 0.09% is impressively low; this is bargain-bin pricing for broad ETFs, with the only relatively pricey item being gold at 0.40%, which is normal for that type of product. In fee terms, this portfolio is not wasting money — it’s basically flying economy at economy prices and not pretending otherwise. The only mild jab is that the portfolio underperformed the US benchmark despite keeping costs tight, which means any lag is squarely down to allocation choices, not fees. If something deserves a golf clap here, it’s the cost control — annoyingly sensible.
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