Two global stock ETFs with a strong tech tilt and efficient risk balance near the frontier

Report created on Apr 19, 2026

Risk profile

  • Secure
    Speculative

The risk profile, derived from past market volatility, reflects the level of risk the portfolio is exposed to. This assessment helps align your investments with your financial goals and comfort with market fluctuations.

Diversification profile

  • Focused
    Diversified

The diversification assessment evaluates the spread of investments across asset classes, regions, and sectors. This ensures a balanced mix, reducing risk and maximizing returns by not concentrating in any single area.

Positions

This portfolio is very simple: two equity ETFs, one broad global fund at 90% and one focused growth fund at 10%. That means 100% in stocks and no bonds or cash in the strategic mix. Structurally, this is a “core plus satellite” setup, where the global ETF acts as a diversified core and the NASDAQ ETF adds a growth-tilted satellite. This is relevant because most of the behaviour is driven by global markets, with an extra push from large US growth names. The 4/7 risk score and “Balanced” label mainly reflect volatility relative to a wider product range, not a balance between stocks and bonds.

Growth Info

Over the period from mid‑2019 to April 2026, €1,000 grew to about €2,230, a compound annual growth rate (CAGR) of 12.55%. CAGR is like average speed on a long trip: it smooths out the bumps to show steady yearly progress. The portfolio beat the global equity market (11.68% CAGR) but lagged the US market (13.87% CAGR), which has been particularly strong. The worst peak‑to‑trough fall was about ‑32.8% during early 2020, similar to both benchmarks. This shows it behaves like a fully invested equity portfolio: strong long‑term growth but with sharp temporary drops when markets fall. Past performance, of course, cannot guarantee similar results ahead.

Projection Info

The forward projection uses a Monte Carlo simulation, which essentially runs 1,000 “what if” futures based on past returns and volatility. It doesn’t try to predict specific events; it randomly reshuffles risk and return patterns to map a range of possible outcomes. After 15 years, the median path turns €1,000 into about €2,776, with a wide central range from roughly €1,794 to €4,297. Extreme paths stretch from around €966 to €7,681, underscoring how uncertain long‑term equity outcomes can be. About 84% of simulations end positive, and the average simulated annual return is 8.23%. These numbers illustrate the trade‑off: historically equity‑like returns, but with quite a bit of spread between good and bad scenarios.

Asset classes Info

  • Stocks
    100%

All of this portfolio is in stocks, with 0% in bonds, cash, or alternatives. Asset classes are simply categories like equities, fixed income, or real assets that tend to behave differently over time. Many broad benchmarks include a mix, but pure‑equity portfolios lean fully into market growth and volatility. Being 100% in stocks means the portfolio participates strongly in equity upswings and also feels the full effect of equity downturns, as seen in the roughly one‑third drawdown in 2020. The upside is simplicity and clear exposure to global corporate earnings. The trade‑off is that there is no built‑in shock absorber from bonds or cash when markets are stressed.

Sectors Info

  • Technology
    29%
  • Financials
    15%
  • Industrials
    11%
  • Consumer Discretionary
    10%
  • Telecommunications
    9%
  • Health Care
    9%
  • Consumer Staples
    6%
  • Basic Materials
    4%
  • Energy
    4%
  • Utilities
    3%
  • Real Estate
    2%

Sector‑wise, the portfolio is led by technology at 29%, with financials, industrials, consumer discretionary, telecoms, and healthcare making up most of the rest. This is somewhat more tech‑heavy than many broad global indices, mainly because the NASDAQ 100 ETF leans strongly toward large growth and tech‑adjacent companies. Sector allocation matters because different economic environments favour different industries: for example, tech‑oriented holdings can be more sensitive to interest rate changes, while defensive sectors like utilities or staples often move differently in downturns. Here, the tilt toward technology and communication‑driven businesses reinforces the growth profile, while still maintaining exposure to a wide spread of other sectors for balance.

Regions Info

  • North America
    66%
  • Europe Developed
    14%
  • Japan
    6%
  • Asia Developed
    5%
  • Asia Emerging
    5%
  • Australasia
    2%
  • Africa/Middle East
    1%
  • Latin America
    1%

Geographically, about two‑thirds of the portfolio is in North America, with Europe developed at 14%, Japan at 6%, and the rest spread across other developed and emerging regions. Global market‑cap indices also tend to be US‑heavy, so this allocation is broadly aligned with world market weights, though the NASDAQ slice further increases the North American tilt. Geography matters because returns and risks differ across economies, currencies, and policy regimes. A strong US focus has helped over the last decade as US markets outperformed. The presence of Europe, Japan, and emerging Asia still adds diversification, but in stress events, global equities often move more in sync than their home flags might suggest.

Market capitalization Info

  • Mega-cap
    49%
  • Large-cap
    35%
  • Mid-cap
    16%

By market capitalization, roughly 49% is in mega‑caps, 35% in large‑caps, and 16% in mid‑caps. Market cap simply reflects company size on the stock market, and size influences both stability and growth characteristics. Mega‑caps often provide more predictable earnings and dominate index performance, while mid‑caps tend to be more volatile but can offer higher growth potential. This portfolio leans strongly into the largest global companies, which is typical for market‑cap‑weighted funds. That structure helps keep stock‑specific risk lower because each giant company is only a piece of the whole, yet it also means the portfolio can be quite sensitive to how a relatively small cluster of global leaders performs.

True holdings Info

  • NVIDIA Corporation
    4.64%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Apple Inc
    4.29%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Microsoft Corporation
    3.24%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Amazon.com Inc
    2.28%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Alphabet Inc Class A
    2.02%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Alphabet Inc Class C
    1.68%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Meta Platforms Inc.
    1.67%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Broadcom Inc
    1.65%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Tesla Inc
    1.43%
    Part of fund(s):
    • LS 1x Tesla Tracker ETP Securities GBP
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
    • iShares NASDAQ 100 UCITS ETF USD (Acc)
  • Taiwan Semiconductor Manufacturing Co. Ltd.
    1.42%
    Part of fund(s):
    • Vanguard FTSE All-World UCITS ETF USD Accumulation
  • Top 10 total 24.30%

Looking through ETF top‑10 holdings, there is clear concentration in a handful of very large global companies: NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta, Broadcom, Tesla, and TSMC together represent notable exposure. Several appear in both ETFs, so the same names are effectively stacked on top of each other. Look‑through overlap matters because it can create hidden concentration even when only two diversified funds are used. Here, NVIDIA alone accounts for about 4.6% and Apple about 4.3% of the total. Since only top‑10 positions are captured, true overlap is likely somewhat higher. This pattern strengthens the growth and tech tilt and ties the portfolio’s ups and downs closely to a small group of global leaders.

Risk contribution Info

  • Vanguard FTSE All-World UCITS ETF USD Accumulation
    Weight: 90.00%
    88.3%
  • iShares NASDAQ 100 UCITS ETF USD (Acc)
    Weight: 10.00%
    11.7%

Risk contribution shows how much each holding adds to the portfolio’s overall ups and downs, which can differ from its weight. A smaller but volatile position can punch above its size. Here, the global ETF is 90% of the portfolio and contributes about 88% of total risk, which is almost one‑for‑one. The NASDAQ ETF is 10% by weight but contributes nearly 12% of risk, so it adds a bit more volatility than its size alone suggests. This pattern is expected, since growth‑heavy indices typically swing more. Overall, risk is still mostly driven by the broad global ETF, with the NASDAQ slice acting as a modest volatility booster rather than a dominant driver.

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 risk‑return chart shows the portfolio sitting on or very close to the efficient frontier, which is the curve of best possible returns for each risk level using the current ingredients. The Sharpe ratio, a measure of risk‑adjusted return, is 0.64 for the current mix, compared with 0.88 for the mathematically “optimal” combination and 0.70 for the minimum‑variance mix. That means simply reshuffling weights between the same two ETFs could slightly improve the risk/return balance, but the current structure is already quite efficient. Being near the frontier is a positive sign that the portfolio isn’t taking unnecessary risk for the level of expected return.

Ongoing product costs Info

  • iShares NASDAQ 100 UCITS ETF USD (Acc) 0.36%
  • Vanguard FTSE All-World UCITS ETF USD Accumulation 0.19%
  • Weighted costs total (per year) 0.21%

The portfolio’s total ongoing fund cost (TER) is around 0.21% per year, combining 0.19% for the global ETF and 0.36% for the NASDAQ ETF. TER, or Total Expense Ratio, is the annual fee charged inside a fund to cover management and operations. These costs come out before returns are reported, so you don’t see a separate charge, but they reduce performance slightly each year. At 0.21%, the cost level is impressively low for a globally diversified, equity‑only setup and aligns well with what’s available from major index providers. Lower ongoing costs support better long‑term outcomes because less of the portfolio’s return is eaten away by fees over time.

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