Roast mode 🔥

Confident equity junkie builds a factor-heavy portfolio then forgets to diversify the big engines

Report created on Apr 12, 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 thing is basically a four-ETF equity smoothie with one extra scoop of factor powder. On paper it screams “diversified global investor,” but under the hood it’s 65% riding two broad funds and then sprinkling factor tilts like seasoning. The structure is simple bordering on lazy: global fund, US fund, then three factor toys to make it feel clever. It’s not chaos, but it is very one-note: 100% stocks and 0% anything else. Takeaway: it’s a clean, high-conviction equity setup, but if this is meant to be a full portfolio and not a growth sleeve, it’s missing entire food groups.

Growth Info

Recently, this portfolio has been that annoying kid at school who doesn’t study and still tops the class. A 21.35% CAGR since late 2023, beating both US and global markets by over 3 percentage points, is objectively spicy. Max drawdown of -20.22% was ugly but actually slightly gentler than the benchmarks. The real catch: 90% of returns came from just 20 days. That’s “miss a few days and cry later” territory. Past data is like yesterday’s weather—nice to brag about, useless for guarantees. Takeaway: the mix has worked in this environment, but don’t mistake recent outperformance for a permanent personality trait.

Projection Info

The Monte Carlo projection is the financial equivalent of “you’ll probably be fine, but don’t get cocky.” Simulations say €1,000 most likely ends up around €2,713 in 15 years, with a decent 74% chance of being higher than where it started. But the range is hilariously wide: from basically flat at €963 to a victory lap at over €7,000. That’s what happens with 100% equities—outcomes swing hard. Monte Carlo is just a fancy way of saying “we rolled the dice a thousand times using past patterns,” not a crystal ball. Takeaway: expect growth, but also expect to emotionally hate this portfolio some years.

Asset classes Info

  • Stocks
    100%

Asset classes: “Yes, I’ll have the stocks with a side of more stocks, thanks.” It’s 100% equities, zero bonds, zero cash buffer, zero real assets. For a “balanced” risk label, this looks more like the all-gas-no-brakes account of someone who says they’re moderate but invests like a 25-year-old with no dependents. Being all-equity is fine if the time horizon and stomach are both huge; otherwise, this is asking for drama in the next serious downturn. Takeaway: as a growth engine it’s solid; as a stand-alone life portfolio, it’s a one-legged stool.

Sectors Info

  • Technology
    27%
  • Financials
    18%
  • Industrials
    12%
  • Health Care
    8%
  • Consumer Discretionary
    8%
  • Telecommunications
    8%
  • Consumer Staples
    4%
  • Energy
    4%
  • Basic Materials
    4%
  • Utilities
    4%
  • Real Estate
    2%

Sector-wise, the portfolio is thoroughly hooked on technology at 27%, with a chunky 18% in financials and a spread of everything else as supporting cast. This is basically a tech-and-banks duet with a diversified choir humming in the background. Tech addiction means you’re heavily tied to innovation cycles, hype cycles, and interest rate mood swings. It’s not absurd, it’s actually pretty close to how broad markets look, but make no mistake: when tech sneezes, this portfolio catches pneumonia. Takeaway: you’re not doing anything insane here, just signing up to ride the tech rollercoaster whether you meant to or not.

Regions Info

  • North America
    57%
  • Europe Developed
    23%
  • Asia Developed
    7%
  • Asia Emerging
    5%
  • Japan
    4%
  • Latin America
    2%
  • Africa/Middle East
    1%
  • Australasia
    1%

Geographically, it’s “America first, but we’ve heard the rest of the world exists.” Around 57% in North America, then 23% in developed Europe, with the rest sprinkled thinly across Asia, Japan, and small allocations elsewhere. This is basically global-ish but with a heavy US anchor dragging performance whichever way the States go. It’s not reckless—this is roughly how global indices tilt—but don’t kid yourself this is some heroic international contrarian stance. Takeaway: sensible, but if US markets choke for a decade, this thing is going to feel it in every statement.

Market capitalization Info

  • Mega-cap
    47%
  • Large-cap
    37%
  • Mid-cap
    14%

Market cap exposure is unapologetically top-heavy: 47% mega-cap, 37% large-cap, 14% mid-cap, and small caps barely invited to the party. You’ve basically said, “I trust the giants; the scrappy underdogs can sit over there.” That makes the ride smoother than a small-cap binge, but it also leans hard into whatever the biggest global names are doing—which right now is mostly tech titans driving everything. Takeaway: fine for stability relative to pure small caps, but don’t pretend this is a nimble, contrarian, undiscovered-gem strategy. It’s crowd-surfing with the biggest companies on earth.

True holdings Info

  • NVIDIA Corporation
    3.91%
    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
    3.43%
    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
  • Microsoft Corporation
    2.47%
    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
  • Amazon.com Inc
    1.86%
    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
  • Taiwan Semiconductor Manufacturing Co. Ltd.
    1.58%
    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
  • Alphabet Inc Class A
    1.55%
    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
    1.32%
    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
    1.27%
    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.
    1.15%
    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
    0.97%
    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 19.52%

The look-through holdings are basically the Magnificent Seven fan club with a side of Taiwan Semi. NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta, Tesla—congrats, you’ve recreated the same tech megacap shrine every broad index already worships. And that’s just from top-10 ETF data; real overlap is almost certainly worse. It feels diversified by ticker count but concentrated by actual drivers: a handful of mega tech names quietly run the show. Takeaway: when multiple funds worship the same giants, you’re not diversified, you’re just paying several wrappers to tell the same story.

Risk contribution Info

  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    Weight: 35.00%
    35.0%
  • SPDR S&P 500 UCITS ETF USD Acc EUR
    Weight: 30.00%
    31.4%
  • iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Acc)
    Weight: 15.00%
    14.8%
  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
    Weight: 10.00%
    9.8%
  • iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) EUR
    Weight: 10.00%
    9.0%

Risk contribution is surprisingly tidy: each holding pulls about its weight, with the top three ETFs contributing 81.2% of total risk—pretty much exactly their combined weight. No secret time bomb here, just a straightforward “big positions = big risk” story. The SPDR S&P 500 is slightly overachieving in risk at 31.41% vs 30% weight, but nothing dramatic. This is almost boringly proportional. Takeaway: if something blows up, it will be because the whole equity market stumbles, not because one rogue position was quietly doing backflips in the background.

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

The correlated assets section might as well say, “Surprise: your global fund and your US fund move like twins.” The SPDR S&P 500 and the SPDR ACWI are almost perfectly synced, which makes sense because global indices are already heavily US-dominated. Holding both feels diversified emotionally but not behaviourally—when things drop, they’re likely dropping together. Correlation just means “these things tend to move in the same direction at the same time,” and here the answer is a loud yes. Takeaway: don’t expect one of these to heroically save you when the other is tanking; they’re holding hands.

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, this portfolio is basically the kid sitting a bit below where the teacher says they could be if they tried. Sharpe ratio of 1.21 looks fine in isolation, but the optimal mix of the same holdings hits 1.73 with higher return for only slightly more risk. Even the minimum variance version beats it on risk-adjusted terms. Being 3.11 percentage points below the efficient frontier means you’re leaving performance on the table for no reduction in stress. Takeaway: the ingredients are good, but the recipe is sloppy—reweighting alone could sharpen this up meaningfully.

Ongoing product costs Info

  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD 0.40%
  • iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Acc) 0.25%
  • iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) EUR 0.30%
  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF 0.45%
  • Weighted costs total (per year) 0.26%

Costs are… annoyingly reasonable. A total TER of 0.26% for a factor-heavy, multi-ETF global setup is actually pretty solid. The SPDR ACWI at 0.45% is the priciest diva in the group, but the blended fee is still low enough that it’s not lighting money on fire. Think of TER as the annual cover charge to stay in the investing nightclub; here, you’re not getting ripped off at the door. Takeaway: fees aren’t the problem. If returns disappoint, it won’t be because of greedy ETF providers—just market reality.

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