Highly concentrated growth portfolio with leveraged tech tilt and strong historic but volatile performance

Report created on May 31, 2024

Risk profile Info

7/7
Speculative
Less risk More risk

Diversification profile Info

2/5
Low Diversity
Less diversification More diversification

Positions

This portfolio is a pure equity, growth-heavy setup with a big tilt to technology and semiconductors. Almost half the money sits in broad large‑cap growth ETFs, while the rest is in a focused semiconductor ETF and two leveraged products that amplify daily tech and chip moves. That mix makes the overall structure aggressive and fairly narrow, even though there are multiple tickers. For many investors, using a few core funds for stability and smaller “satellite” positions for tilts can create a smoother ride. Here, the “satellites” are sizable and leveraged, so the whole structure behaves more like a concentrated, speculative bet than a broadly diversified equity allocation.

Growth Info

Historically, the results have been spectacular in dollar terms: $1,000 grew to about $9,357, with a 25.11% compound annual growth rate (CAGR). CAGR is the “average speed” of growth per year, like averaging your speed over a long road trip. That easily beat both the US and global markets by double‑digit percentage points per year. The price for that outperformance was a max drawdown of about -69%, meaning the portfolio once fell almost 70% from a peak. That sort of drop is emotionally brutal and can trigger panic selling. Past returns show what has been possible, not what is guaranteed, and such deep drawdowns can reappear in future downturns.

Asset classes Info

  • Stocks
    100%

All assets here are stocks, with 0% in bonds, cash, or alternatives. That 100% equity posture maximizes participation in market growth but also fully exposes you to equity bear markets. Many broad benchmarks mix in some safer assets over time, which dampens volatility and drawdowns. The current setup is aligned with a high‑risk, long‑horizon approach where short‑term swings are tolerated. The flip side is that there’s no built‑in “shock absorber” if markets fall sharply. For anyone who might need to withdraw money in the next few years, holding only equities can make timing risk uncomfortably high during recessions or rate shocks.

Sectors Info

  • Technology
    65%
  • Telecommunications
    10%
  • Consumer Discretionary
    8%
  • Health Care
    5%
  • Financials
    5%
  • Industrials
    4%
  • Consumer Staples
    2%
  • Basic Materials
    1%

Sector exposure is dominated by technology at 65%, with small slices in telecommunications, consumer discretionary, health care, financials, industrials, consumer staples, and materials. This is much more tech‑heavy than broad market indices, which makes the portfolio particularly sensitive to shifts in interest rates, regulation, and innovation cycles. When tech and semiconductors boom, this concentration can turbocharge returns. When they lag, drawdowns can be severe and prolonged. The relatively low weights in traditionally defensive sectors mean less cushioning during rotations away from growth. As an intentional bet, this is very coherent, but it is not balanced across the economic landscape.

Regions Info

  • North America
    95%
  • Europe Developed
    2%
  • Asia Developed
    2%

Geographically, about 95% of exposure is in North America, with only tiny allocations to developed Europe and Asia. This is a strong home‑country tilt relative to global benchmarks that typically have more spread across regions. On the plus side, the North American market has been a leader in innovation and growth, which has supported performance. On the downside, it leaves the portfolio heavily dependent on one economic and policy environment. If North American growth or tech leadership stumbles, there is limited offset from other regions. For those aiming for resilience to different regional cycles, a broader global mix can smooth the ride.

Market capitalization Info

  • Mega-cap
    52%
  • Large-cap
    28%
  • Mid-cap
    13%
  • Small-cap
    1%

Some holdings may not have full classification data available. Percentages may not add up to 100%.

The portfolio is dominated by mega‑ and large‑cap stocks, together making up about 80% of exposure, with moderate mid‑cap and minimal small‑cap presence. This lines up with where most global equity market value sits and generally adds stability, because big, established companies tend to be more liquid and diversified. Compared with a market‑cap weighted global index, though, this mix is still more concentrated at the top tech names. Limited small‑cap exposure means you’re missing some of the more speculative growth and turnaround potential in smaller firms, but you’re also avoiding their typically higher volatility and business risk.

True holdings Info

  • NVIDIA Corporation
    10.51%
    Part of fund(s):
    • Direxion Daily Semiconductor Bull 3X Shares
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • Vanguard S&P 500 Growth Index Fund ETF Shares
    • iShares Russell 1000 Growth ETF
    • iShares Semiconductor ETF
  • Apple Inc
    6.24%
    Part of fund(s):
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • Vanguard S&P 500 Growth Index Fund ETF Shares
    • iShares Russell 1000 Growth ETF
  • Microsoft Corporation
    5.60%
    Part of fund(s):
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • Vanguard S&P 500 Growth Index Fund ETF Shares
    • iShares Russell 1000 Growth ETF
  • Broadcom Inc
    5.15%
    Part of fund(s):
    • Direxion Daily Semiconductor Bull 3X Shares
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • Vanguard S&P 500 Growth Index Fund ETF Shares
    • iShares Russell 1000 Growth ETF
    • iShares Semiconductor ETF
  • Amazon.com Inc
    3.05%
    Part of fund(s):
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • Vanguard S&P 500 Growth Index Fund ETF Shares
    • iShares Russell 1000 Growth ETF
  • Alphabet Inc Class A
    3.00%
    Part of fund(s):
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • Vanguard S&P 500 Growth Index Fund ETF Shares
    • iShares Russell 1000 Growth ETF
  • Meta Platforms Inc.
    2.56%
    Part of fund(s):
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • Vanguard S&P 500 Growth Index Fund ETF Shares
    • iShares Russell 1000 Growth ETF
  • Alphabet Inc Class C
    2.42%
    Part of fund(s):
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • Vanguard S&P 500 Growth Index Fund ETF Shares
    • iShares Russell 1000 Growth ETF
  • Micron Technology Inc
    2.36%
    Part of fund(s):
    • Direxion Daily Semiconductor Bull 3X Shares
    • iShares Semiconductor ETF
  • Tesla Inc
    1.82%
    Part of fund(s):
    • LS 1x Tesla Tracker ETP Securities GBP
    • ProShares UltraPro QQQ
    • Schwab U.S. Large-Cap Growth ETF
    • iShares Russell 1000 Growth ETF
  • Top 10 total 42.71%

Looking through the ETFs, there is heavy exposure to the same mega‑cap tech names: NVIDIA, Apple, Microsoft, Broadcom, Amazon, Alphabet, Meta, Micron, and Tesla all show up prominently. These companies appear across several funds, so the true exposure is more concentrated than the fund list suggests. Because only top‑10 ETF holdings are used, the overlap is likely understated. Hidden concentration like this means a small group of stocks drives a lot of your outcome, for better or worse. It can work wonderfully while those names are market leaders, but it also means portfolio performance is tightly tied to the fortunes of a narrow slice of the market.

Factors Info

Value
Preference for undervalued stocks
Very low
Data availability: 100%
Size
Exposure to smaller companies
Neutral
Data availability: 100%
Momentum
Exposure to recently outperforming stocks
Neutral
Data availability: 100%
Quality
Preference for financially healthy companies
Neutral
Data availability: 100%
Yield
Preference for dividend-paying stocks
Low
Data availability: 100%
Low Volatility
Preference for stable, lower-risk stocks
Low
Data availability: 100%

Factor exposure shows a very low tilt to value (18%) and low exposure to yield and low volatility. Factors are like investing “ingredients” such as cheapness (value), income (yield), or stability (low volatility) that help explain performance. A very low value score means the portfolio leans hard toward expensive, high‑growth companies rather than bargains based on fundamentals. That has worked well in recent years but can struggle during regimes when investors favor cheaper, cash‑rich businesses. Low exposure to low‑vol and yield also means less emphasis on defensive or income‑oriented names. Overall, this setup is designed for growth and momentum, not for steadiness or high cash payouts.

Risk contribution Info

  • Direxion Daily Semiconductor Bull 3X Shares
    Weight: 10.10%
    29.1%
  • iShares Semiconductor ETF
    Weight: 21.67%
    21.1%
  • iShares Russell 1000 Growth ETF
    Weight: 24.46%
    15.0%
  • Schwab U.S. Large-Cap Growth ETF
    Weight: 20.82%
    13.1%
  • ProShares UltraPro QQQ
    Weight: 5.76%
    11.3%
  • Top 5 risk contribution 89.6%

Risk contribution shows how much each holding adds to overall volatility, which can differ a lot from its weight. Here, Direxion Daily Semiconductor Bull 3X Shares is only 10.1% of assets but drives about 29.1% of total risk. ProShares UltraPro QQQ, at 5.76% weight, contributes 11.25% of risk. That’s what leverage does: it makes small positions dominate the portfolio’s ups and downs, like a single loud instrument overwhelming the orchestra. Top‑3 positions supply over 65% of total risk, underscoring how concentrated the volatility is. Adjusting leveraged and concentrated positions is the primary lever if the goal is to tame drawdowns without changing overall themes.

Redundant positions Info

  • ProShares UltraPro QQQ
    Schwab U.S. Large-Cap Growth ETF
    iShares Russell 1000 Growth ETF
    Vanguard S&P 500 Growth Index Fund ETF Shares
    High correlation
  • Direxion Daily Semiconductor Bull 3X Shares
    iShares Semiconductor ETF
    High correlation

Correlation measures how much assets move together, from -1 (opposite) to 1 (identical). In this portfolio, several pairs have correlations above 0.95, meaning they behave almost the same day‑to‑day. The two large‑cap growth ETFs, the growth ETF and S&P 500 growth ETF, and the semiconductor ETF with its 3x leveraged cousin are all near‑duplicates in terms of movement. High correlation isn’t “bad,” but it means you’re holding multiple flavors of the same exposure rather than truly different drivers of return. That limits diversification benefits, especially during sell‑offs when everything correlated tends to fall together.

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, the current portfolio has a Sharpe ratio of 0.81, with about 28.5% expected return and 32.6% volatility. The optimal mix of these same holdings reaches a Sharpe of 0.89 at similar risk, and the minimum‑variance combination drops risk to about 20.6% with a lower but still solid expected return. Being about 1.3 percentage points below the efficient frontier means that, at this risk level, you could potentially get more return or similar return with slightly less risk just by reweighting what you already own. That’s encouraging: it suggests that thoughtful adjustments, especially to leveraged and overlapping funds, can improve the trade‑off without changing your overall themes.

Dividends Info

  • iShares Russell 1000 Growth ETF 0.40%
  • Schwab U.S. Large-Cap Growth ETF 0.30%
  • Direxion Daily Semiconductor Bull 3X Shares 0.20%
  • iShares Semiconductor ETF 0.50%
  • ProShares UltraPro QQQ 0.60%
  • Vanguard S&P 500 Growth Index Fund ETF Shares 0.60%
  • Weighted yield (per year) 0.43%

The overall dividend yield is about 0.43%, with each fund yielding well under 1%. For context, broader equity markets often yield closer to 1.5–2% or more, depending on the period. A low yield is typical for growth‑oriented and tech‑heavy strategies because these companies often reinvest profits instead of paying them out. For investors focused on long‑term capital appreciation, that can be perfectly fine, as total return comes from both price gains and dividends. For anyone needing current income, though, this setup provides very little cash flow, so withdrawals would mostly rely on selling shares rather than living off distributions.

Ongoing product costs Info

  • iShares Russell 1000 Growth ETF 0.19%
  • Schwab U.S. Large-Cap Growth ETF 0.04%
  • Direxion Daily Semiconductor Bull 3X Shares 0.76%
  • iShares Semiconductor ETF 0.35%
  • ProShares UltraPro QQQ 0.88%
  • Vanguard S&P 500 Growth Index Fund ETF Shares 0.10%
  • Weighted costs total (per year) 0.28%

The weighted total expense ratio (TER) sits around 0.28%, which is quite reasonable given the use of leveraged and thematic ETFs. The core large‑cap growth funds are impressively cheap, with TERs as low as 0.04–0.19%, supporting better long‑term performance by keeping more of the gross return in your pocket. The leveraged funds carry higher expenses (0.76% and 0.88%), which is standard for those products and partly reflects their complexity. Over long horizons, even small fee differences compound, so having the bulk of assets in low‑cost vehicles is a definite positive. The main driver of outcomes here is risk level, not cost drag.

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