Globally diversified on paper but secretly just an aggressive stock rollercoaster in a nice Avantis wrapper
Report created on May 15, 2026Risk profile
4/7
Diversification profile
3/5
Positions
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AV Avantis Global Equity UCITS ETF USD Acc EUR
AVWC - IE000RJECXS5 70.00% -
AV Avantis Global Small Cap Value UCITS ETF USD Acc EUR
AVWS - IE0003R87OG3 20.00% -
AV Avantis Emerging Markets Equity UCITS ETF
AVEM - IE000K975W13 10.00%
This portfolio is the IKEA flat-pack version of investing: three Avantis equity funds bolted together and called “balanced.” In reality it’s 100% stocks, with one global core fund doing most of the lifting, a small-cap value satellite, and a token emerging markets slice so it looks worldly. For something labeled as balanced, there is absolutely zero ballast here — no bonds, no cash, just vibes and volatility. With only three line items, every choice matters; there’s nowhere for mistakes to hide. The structure is intentionally simple, which is great, but it also means when global equities sneeze, this portfolio catches the flu instantly.
Growth
The short history makes this performance look like a highlight reel: €1,000 turning into €1,213 in 1.4 years and a 14.69% CAGR sounds heroic. It also beats both the US market and global market handily over this tiny window. But with such a short backstory, this is basically judging a movie from the trailer. The max drawdown of -21.53% in a few months shows the true personality: very much an equity portfolio, not a “moderate” anything. Past data over 1.4 years is more like a weather report than a climate study — interesting, but it doesn’t prove this thing is a long-term outperforming machine.
Projection
The Monte Carlo simulation is basically a thousand “what if” timelines built from that tiny 1.4-year history, so it’s extrapolating hard from a very short mood swing. The median outcome of €2,811 after 15 years looks attractive, and even the pessimistic end of the likely range still beats cash. But the wide spread from about €1,020 to €7,430 screams one thing: uncertainty. Simulations use past volatility and returns as ingredients, and here that past is barely out of diapers. The projections are useful for showing the risk spectrum, not as some prophecy of becoming comfortably wealthy by year 15.
Asset classes
- Stocks 100%
Asset class breakdown is easy here: 100% stocks, 0% everything else. Calling this “balanced” is like calling a triple espresso a relaxing evening drink. There’s no stabilizer, no diversifier, no shock absorber — just full reliance on global equities behaving themselves over time. In calm markets, that’s fine; in ugly markets, this structure means the portfolio takes every punch directly in the face. The all-equity posture may have its logic, but in asset-class terms it’s all offense, no defense. If there’s any balance, it’s between different flavors of risk, not between risky and less risky assets.
Sectors
- Financials 18%
- Technology 16%
- Industrials 13%
- Consumer Discretionary 11%
- Energy 9%
- Telecommunications 6%
- Health Care 6%
- Basic Materials 5%
- Consumer Staples 4%
- Utilities 1%
- Real Estate 1%
Some holdings may not have full classification data available. Percentages may not add up to 100%.
Sector-wise, this is a fairly even-ish spread with a slight bias toward financials and technology, plus decent chunks in industrials and consumer cyclicals. Nothing screams “single-sector obsession,” which is the good news. The less good news is that it still lives and dies on the global economic cycle: financials and industrials both dislike recessions, and consumer discretionary hates when people stop spending. There’s only a sliver in more boring, defensive corners like utilities and staples. So sector diversification is fine on paper but still leans toward the parts of the market that party hard and sulk hard.
Regions
- North America 66%
- Europe Developed 14%
- Japan 6%
- Australasia 2%
- Asia Developed 1%
- Africa/Middle East 1%
- Latin America 1%
Some holdings may not have full classification data available. Percentages may not add up to 100%.
Geographically this portfolio is basically “America and supporting cast.” About two-thirds in North America, with Europe, Japan and the rest of the world picking up scraps. For a “global” setup, that’s a familiar pattern: global in name, US-heavy in reality. The upside is you do capture a lot of major companies and innovation. The downside is this is still heavily tied to one economic and policy regime, whether that’s interest rates, politics, or tech regulation. The smaller allocations to emerging regions are too modest to change the story; they’re seasoning, not a second main dish.
Market capitalization
- Mega-cap 27%
- Mid-cap 23%
- Large-cap 23%
- Small-cap 18%
- Micro-cap 9%
The market cap mix is where things get more interesting and more chaotic. You’ve got a decent chunk in mega and large caps, which bring some stability, but then nearly 30% is pushed down the size spectrum into small and micro caps. That tilt toward the ankle-biters is where volatility loves to live. Smaller companies can deliver great growth or just great drama, depending on the cycle. With this structure, the portfolio is deliberately inviting extra noise: it’s not just riding the global equity bus, it’s also sitting in the bumpy seats at the back with the small-cap kids.
True holdings
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AA Apple Inc 2.34%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
NV NVIDIA Corporation 2.06%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
AM Amazon.com Inc 1.42%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
MS Microsoft Corporation 1.38%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
GO Alphabet Inc Class A 1.14%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
ME Meta Platforms Inc. 1.02%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
GO Alphabet Inc Class C 0.92%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
XO Exxon Mobil Corp 0.69%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
JP JPMorgan Chase & Co 0.62%
Part of fund(s):- Avantis Global Equity UCITS ETF USD Acc EUR
-
TS Taiwan Semiconductor Manufacturing 0.55%
Part of fund(s):- Avantis Emerging Markets Equity UCITS ETF
- Top 10 total 12.14%
Look-through holdings show the usual celebrity lineup: Apple, NVIDIA, Amazon, Microsoft, Alphabet, Meta — the standard “we own the world” tech club. The visible overlap in those names across funds is already noticeable, and that’s just from the top 10 holdings, covering only about 16% of ETF assets. So hidden concentration is almost certainly higher than it looks. This isn’t three totally different portfolios; it’s three lenses pointing at many of the same giants plus a value/small/EM twist. The result is a core of mega-cap dominance with a thin veneer of diversification layered over it.
Risk contribution
-
Avantis Global Equity UCITS ETF USD Acc EUR
Weight: 70.00% 69.1% -
Avantis Global Small Cap Value UCITS ETF USD Acc EUR
Weight: 20.00% 21.8% -
Avantis Emerging Markets Equity UCITS ETF
Weight: 10.00% 9.1%
Risk contribution is brutally straightforward: the 70% global equity fund is responsible for ~69% of total risk, which is basically “what you weigh is what you get.” The small-cap value fund at 20% weight contributes slightly more than its share of risk, and that’s pretty on-brand for small caps. Emerging markets, despite the scary headlines they often generate, are actually doing slightly less damage than their weight. The key point: all the risk comes from just three positions, and one of them is clearly in charge. There’s no hidden sleeper position secretly driving volatility — it’s all out in the open.
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 chart is quietly roasting this portfolio. At its current risk level, it sits about 5 percentage points below what’s theoretically achievable just by reweighting the same three funds. The Sharpe ratio of 0.7 vs 1.47 for the optimal mix is a big gap; that’s like jogging with a weighted backpack while the “optimal” version of you runs the same route faster without it. Even the minimum-variance portfolio beats it on risk-adjusted terms. So the ingredients are fine, but the proportions are pretty inefficient. This isn’t a disaster, just a reminder that even simple three-fund setups can be arranged much smarter.
Ongoing product costs
- Avantis Global Equity UCITS ETF USD Acc EUR 0.22%
- Avantis Global Small Cap Value UCITS ETF USD Acc EUR 0.39%
- Avantis Emerging Markets Equity UCITS ETF 0.35%
- Weighted costs total (per year) 0.27%
Costs are one of the few places this portfolio doesn’t need a scolding. A total TER of 0.27% is pretty reasonable for an actively flavored, factor-tilted global setup. You’re not in bargain-basement index territory, but you’re also not paying champagne prices for tap water. Think decent craft beer, not vintage wine. The main question isn’t “are fees outrageous?” (they’re not), but “are you getting enough extra thought and structure to justify paying more than the absolute rock-bottom index products?” The answer looks plausible, but the short history doesn’t fully prove that story yet.
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