Roast mode 🔥

Closet global indexer with a tech crush and a slightly drunk risk reward dial

Report created on Apr 23, 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 basically three ways of buying “the whole world” plus a bonus helping of value factor. Forty‑five percent in ACWI, thirty in the S&P 500, and the rest in smart‑beta value funds is like ordering three combo meals and then adding extra fries. The structure screams “I like diversification” but then quietly doubles up on the same core holdings anyway. In practice, this is a global equity index core with a minor style flourish, not some sophisticated multi‑engine machine. The big picture: the portfolio looks busy on paper, but most of the action is just one big global equity bet wearing slightly different costumes.

Growth Info

Historically, this thing has absolutely ripped: €1,000 turning into €1,663 in under three years and a nearly 23% CAGR is turbo‑charged territory. That’s a road‑trip average speed that only happens when traffic lights are green and the police are asleep. It even beat both the US and global markets by 3–4 percentage points a year, which is impressive and also suspiciously lucky. Max drawdown at around -21% is very normal for an all‑equity portfolio, but still not exactly “balanced.” And as usual, most of the gains came from a tiny number of days, so missing even a handful of them would seriously dent that shiny track record.

Projection Info

The Monte Carlo projection politely brings the ego back down. Simulations spit out a median of €2,588 over 15 years from €1,000, which is decent but nowhere near the recent hero numbers. Monte Carlo is basically running thousands of alternate universes where returns bounce around randomly based on past volatility. In many universes things go fine, in some they’re ugly, and in a few they’re embarrassingly great. Here, about 73% of outcomes are positive, but there’s still a meaningful chance of ending roughly flat after 15 years. Past data is yesterday’s weather: useful, but it doesn’t promise sunshine.

Asset classes Info

  • Stocks
    100%

Asset class breakdown is easy: 100% stocks, 0% everything else. Calling this “Balanced” is generous; it’s equity all the way down. This isn’t a portfolio; it’s a one‑asset‑class lifestyle choice. When stocks go up, life looks smart. When they don’t, there’s nowhere to hide because there is literally nothing else in the mix. A genuine balanced setup usually blends different assets so that something behaves differently in a storm. Here, if equities sneeze, the whole portfolio catches pneumonia. The label says “risk score 4/7,” but the substance screams “equity roller coaster with a seatbelt drawn in crayon.”

Sectors Info

  • Technology
    29%
  • Financials
    16%
  • Industrials
    10%
  • Consumer Discretionary
    10%
  • Health Care
    8%
  • Telecommunications
    8%
  • Energy
    5%
  • Consumer Staples
    5%
  • Basic Materials
    5%
  • Utilities
    3%
  • Real Estate
    2%

Sector‑wise, the portfolio is flirting hard with tech at 29%, plus plenty of the usual growth suspects hiding inside consumer and communication‑adjacent names. This is very much a “please let the AI chip gods be kind” posture. Financials, industrials, and others are present, but they clearly didn’t get the same invitation to the party. It’s roughly in line with broad global indexes, but there’s no real attempt to balance cyclicals, defensives, and growth engines. If tech takes a holiday or regulators decide to have fun, a big chunk of this portfolio’s swagger evaporates fast.

Regions Info

  • North America
    60%
  • Europe Developed
    16%
  • Asia Developed
    10%
  • Asia Emerging
    7%
  • Japan
    2%
  • Latin America
    2%
  • Africa/Middle East
    1%
  • Australasia
    1%
  • Europe Emerging
    1%

Geographically, it’s 60% North America with some token effort elsewhere, which is basically “world investing, but mostly America.” Europe Developed, Asia, and the rest of the planet are there to keep the brochure honest, not because they’re actually steering the ship. This is very typical for global equity funds, but it’s still a bet that the US stays the main character forever. If leadership rotates to other regions, this portfolio will react like a tourist who never learned another language: still gets by, but clearly missed half the conversation. “Broadly diversified” here mostly means “North America plus a supporting cast.”

Market capitalization Info

  • Mega-cap
    48%
  • Large-cap
    36%
  • Mid-cap
    15%

Market cap exposure is mega‑cap royalty at 48%, large caps at 36%, and a polite 15% nod to mid‑caps. Small caps are basically locked outside. This is fine if the plan is to ride the giants, but it also means the portfolio is tethered to the fate of the biggest, most crowded trades on earth. When mega‑caps are loved, performance looks brilliant. When the crowd sours on them, there isn’t much of a backup plan. The mid‑cap slice is too small to give the portfolio a true “smaller company” engine; it’s just enough to look interesting in a pie chart.

True holdings Info

  • NVIDIA Corporation
    4.39%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Apple Inc
    3.86%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Microsoft Corporation
    2.77%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Taiwan Semiconductor Manufacturing Co. Ltd.
    2.23%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
  • Amazon.com Inc
    2.08%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Alphabet Inc Class A
    1.73%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Broadcom Inc
    1.48%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Alphabet Inc Class C
    1.43%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Meta Platforms Inc.
    1.29%
    Part of fund(s):
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Tesla Inc
    1.08%
    Part of fund(s):
    • LS 1x Tesla Tracker ETP Securities GBP
    • SPDR S&P 500 UCITS ETF USD Acc EUR
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Top 10 total 22.34%

The look‑through holdings tell the real story: Nvidia, Apple, Microsoft, TSMC, Amazon, Alphabet, Meta, Tesla – the usual celebrity lineup. You’re essentially running a fan club for the Magnificent Whatever‑Number‑We’re‑On‑Now through multiple wrappers. That 4.39% in Nvidia and nearly 4% in Apple are just what's visible from top‑10 holdings; true exposure is probably higher. Overlap is understated because only ETF top tens are counted, but even that limited view screams concentration. This isn’t four ETFs; it’s one global tech‑heavy core wearing different branded hoodies, leaving the portfolio far more top‑heavy than it first appears.

Risk contribution Info

  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    Weight: 45.00%
    45.3%
  • SPDR S&P 500 UCITS ETF USD Acc EUR
    Weight: 30.00%
    31.8%
  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
    Weight: 15.00%
    15.3%
  • iShares MSCI Europe Value Factor UCITS
    Weight: 10.00%
    7.7%

Risk contribution is refreshingly boring: each position pulls about its weight. ACWI is 45% of holdings and 45% of risk, S&P is 30% of holdings and about 32% of risk, EM value 15% and 15% of risk. The only underachiever in drama terms is Europe value at 10% weight but under 8% of risk, like the quiet kid in class. Top three holdings driving over 92% of total risk is exactly what happens when 90% of the money sits in three highly correlated equity funds. No single line item is misbehaving; the entire setup is just one big equity risk engine.

Redundant positions Info

  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    SPDR S&P 500 UCITS ETF USD Acc EUR
    High correlation

Correlation‑wise, the ACWI and S&P 500 ETFs move almost in lockstep, which is the finance version of buying two copies of the same album. Highly correlated assets rise and fall together, so diversifying between them is mostly cosmetic. It makes the holdings list longer but doesn’t actually spread risk in a meaningful way. When a proper crash comes, those two aren’t going to politely take turns going down; they’ll just dive together. This is the downside of stacking broad market funds that share huge overlap in constituents: the chart looks diversified, the behavior doesn’t.

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 efficient frontier chart, this portfolio is leaving free money on the table. With a Sharpe of 1.31, it sits clearly below what could be achieved just by reshuffling the exact same funds. The max‑Sharpe portfolio hits 1.89 and even the minimum‑variance version beats it at 1.67, both with similar or better returns for less or comparable risk. The efficient frontier is basically the menu of best possible trade‑offs using the current ingredients; this portfolio ordered something that’s neither the tastiest nor the safest. The 4.7 percentage point gap below the frontier is the stat version of “could do better with zero new ideas.”

Ongoing product costs Info

  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD 0.40%
  • iShares MSCI Europe Value Factor UCITS 0.25%
  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF 0.45%
  • Weighted costs total (per year) 0.29%

Costs are the one area where this portfolio doesn’t embarrass itself. A blended TER of 0.29% is not rock‑bottom cheap, but it’s very reasonable for global exposure with factor tilts. The ACWI at 0.45% is a bit pricey when near‑identical alternatives exist for less, but at least this isn’t a museum of 1%+ fee horrors. Think of it as flying economy with one slightly overpriced checked bag fee – mildly annoying, not disastrous. Fees are under control enough that if performance lags, no one can reasonably blame the cost line in the factsheet.

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