Highly concentrated mix of railroad real estate and bitcoin with strong momentum and very high risk
Report created on May 27, 2026Risk profile
7/7
Diversification profile
4/5
Positions
-
CS CSX Corporation
CSX - US1264081035 36.12% -
US iShares Core U.S. REIT ETF
USRT - US4642885218 32.66% -
GB Grayscale Bitcoin Trust (BTC)
GBTC - US3896371099 31.22%
This portfolio is very concentrated, holding just three positions split across a single stock, one REIT ETF, and a bitcoin trust. The stock and REIT ETF together make up around two‑thirds of the portfolio, with the crypto position accounting for the remaining third. That creates a simple structure that is easy to track but places a lot of weight on just a few drivers. When only a handful of holdings dominate, portfolio behavior tends to mirror those specific assets rather than a broad market. This setup means overall outcomes are heavily shaped by how one company, one real estate basket, and one cryptocurrency perform over time.
Growth
Over the last decade, a hypothetical $1,000 invested here grew to about $26,705, far ahead of both the US and global market benchmarks. The portfolio’s compound annual growth rate (CAGR) of roughly 39% massively exceeded broad markets but came with extreme swings, including a max drawdown of about –82%. CAGR is like your average speed over a long road trip, while max drawdown measures the worst peak‑to‑trough fall. That huge drawdown highlights how painful the ride has been at times. Only 33 days made up 90% of gains, showing returns were very lumpy and highly dependent on a few strong bursts.
Projection
The Monte Carlo projection uses many simulated paths based on past volatility and returns to estimate possible future outcomes. It’s like running 1,000 “what if” versions of the next 15 years and seeing where a $1,000 investment might end up. The median scenario lands around $2,591, and the wider range runs from roughly $611 to nearly $11,790. This spread reflects how uncertain future paths can be, especially with volatile assets like bitcoin. About 65% of simulations end with a positive result, and the average annualized return across all paths is around 9.4%. As always, these simulations lean on history, which can’t guarantee future performance.
Asset classes
- Stocks 36%
- Real Estate 33%
- Crypto 31%
Asset‑class exposure is split into stocks (36%), real estate (33%), and crypto (31%). That means the portfolio is diversified across three broad types of risk, rather than being dominated by just traditional equities. Real estate often behaves differently than regular stocks, especially around inflation and interest‑rate changes, while crypto introduces a separate, highly volatile return stream. Having three distinct buckets can help returns come from multiple directions. At the same time, the high allocation to crypto keeps overall risk elevated compared with more conventional stock‑and‑bond mixes, because crypto price swings tend to be much larger and more sudden.
Sectors
- Industrials 36%
- Real Estate 33%
- Crypto 31%
This breakdown covers the equity portion of your portfolio only.
From a sector lens, industrials and real estate are the main traditional exposures, with crypto as a separate component. The single industrial stock, CSX, drives that 36% industrial allocation, while the REIT ETF provides diversified exposure across many property types. Crypto’s 31% slice doesn’t sit neatly in classic sector frameworks but still adds a unique risk‑return profile. Portfolios leaning heavily on a single operating business plus property and crypto can react strongly to shifts in economic growth, interest rates, and sentiment around digital assets. This combination means sector risk is fairly focused, even if real estate is diversified within itself.
Regions
- North America 69%
This breakdown covers the equity portion of your portfolio only.
Geographically, about 69% of the portfolio is explicitly tied to North America, largely through CSX and the US‑focused REIT ETF. That means a big chunk of risk and return is linked to the health of the US economy, its interest‑rate environment, and the dollar. Bitcoin, while globally traded, isn’t mapped to a specific region in this breakdown, so its geographic diversification effect isn’t captured the same way. Compared with global equity benchmarks, which spread more across multiple regions, this portfolio is more home‑biased. That alignment with the local market can feel familiar but concentrates exposure in one main economic zone.
Market capitalization
- Large-cap 43%
- Mid-cap 15%
- Small-cap 8%
- Micro-cap 2%
This breakdown covers the equity portion of your portfolio only.
The portfolio tilts toward larger companies, with significant large‑cap exposure and smaller slices in mid‑, small‑, and micro‑cap names via the REIT ETF and CSX’s market profile. Large caps tend to be more established businesses with deeper capital markets access, which can mean relatively steadier fundamentals than tiny firms. The presence of mid and small caps adds some potential for faster growth and more idiosyncratic moves. Crypto market cap doesn’t show up in this framework, but practically it behaves more like a high‑volatility asset than a stable large cap. Overall, the equity side is anchored in bigger, more mature issuers.
True holdings
-
-
BT Grayscale Bitcoin Mini Trust (BTC) 3.92%
Part of fund(s):- Grayscale Bitcoin Trust (BTC)
-
WE Welltower Inc 2.66%
Part of fund(s):- iShares Core U.S. REIT ETF
-
PL Prologis Inc 2.49%
Part of fund(s):- iShares Core U.S. REIT ETF
-
EQ Equinix Inc 2.07%
Part of fund(s):- iShares Core U.S. REIT ETF
-
SP Simon Property Group Inc 1.42%
Part of fund(s):- iShares Core U.S. REIT ETF
-
DL Digital Realty Trust Inc 1.37%
Part of fund(s):- iShares Core U.S. REIT ETF
-
O Realty Income Corporation 1.30%
Part of fund(s):- iShares Core U.S. REIT ETF
-
PS Public Storage 1.29%
Part of fund(s):- iShares Core U.S. REIT ETF
-
VT Ventas Inc 1.15%
Part of fund(s):- iShares Core U.S. REIT ETF
- Top 10 total 53.78%
This breakdown covers the equity portion of your portfolio only.
Looking through the REIT ETF’s top holdings, there is limited overlap with the direct stock position, which reduces hidden concentration at the company level. CSX is the only direct single‑company exposure and does not reappear via ETFs, so its 36% weight is fully explicit. The REIT ETF’s top positions—such as Welltower, Prologis, and Equinix—are each relatively small slices, helping spread real estate risk across many issuers. The reported coverage is about 56% of the portfolio, since only top‑ten ETF holdings are included, so some underlying diversification isn’t fully visible here. Still, the main concentration is clearly in CSX and bitcoin.
Factors
Factor exposures are estimated using statistical models based on historical data and measure systematic (market-relative) tilts, not absolute portfolio characteristics. Results may vary depending on the analysis period, data availability, and currency of the underlying assets.
Factor exposure shows very high momentum and quality tilts, with very low size exposure and neutral value and yield. Factor exposure means how much the portfolio leans into characteristics that research links to returns. A strong momentum tilt suggests holdings that have recently done well, which can help in trending markets but may hurt if trends reverse sharply. High quality typically points to financially stronger companies, which can be supportive in turbulent periods. Very low size exposure means a tilt away from smaller companies, so the equity portion behaves more like a large‑cap basket. Low low‑volatility exposure fits with the portfolio’s overall bumpy ride.
Risk contribution
-
Grayscale Bitcoin Trust (BTC)
Weight: 31.22% 71.3% -
CSX Corporation
Weight: 36.12% 17.4% -
iShares Core U.S. REIT ETF
Weight: 32.66% 11.3%
Risk contribution highlights how much each holding drives the portfolio’s ups and downs, which can differ a lot from simple weights. Here, bitcoin is about 31% of the portfolio but contributes over 71% of total risk, more than double its weight. CSX, despite being the largest holding by dollars, adds only around 17% of risk, while the REIT ETF contributes roughly 11%. This shows bitcoin is the dominant “loud instrument” in the portfolio’s orchestra. It explains why overall volatility is so high: day‑to‑day movements are largely dictated by crypto price swings rather than the more stable stock and real estate holdings.
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 optimization chart shows the current portfolio sits below the efficient frontier by about 1.5 percentage points at its risk level. The efficient frontier represents the best expected return achievable for each level of risk using just these existing holdings in different mixes. The current Sharpe ratio—a measure of return per unit of risk—is 0.96, while the optimal mix of the same three assets reaches about 1.11. That suggests a different weighting between CSX, REITs, and bitcoin could historically have improved the trade‑off between volatility and return. The minimum‑variance mix shows how much risk might be reduced with lower expected returns.
Dividends
- CSX Corporation 1.10%
- iShares Core U.S. REIT ETF 2.60%
- Weighted yield (per year) 1.25%
Dividend yield for the overall portfolio is modest at around 1.25%, coming mainly from the REIT ETF at about 2.6% and a smaller 1.1% from CSX. Bitcoin does not pay dividends, so its return depends entirely on price changes. Dividends can provide a steady cash component to total return, especially useful in flat or choppy markets where prices move sideways. In this portfolio, income plays a secondary role compared with capital gains, given the strong focus on price‑driven assets. That setup means the portfolio’s value is more sensitive to market swings than to a regular stream of payouts.
Ongoing product costs
- Grayscale Bitcoin Trust (BTC) 1.50%
- iShares Core U.S. REIT ETF 0.08%
- Weighted costs total (per year) 0.49%
Total costs are moderate, with a blended TER of about 0.49%. The REIT ETF is very low‑cost at 0.08%, which is competitive with broad index funds and supports efficient long‑term compounding. The bitcoin trust, at 1.50%, is considerably more expensive and drives most of the portfolio’s fee drag despite being just under a third of the weight. Costs compound over time, so even small differences can add up across decades. Here, the equity and REIT pieces are cost‑efficient, which is a strong structural positive, while the crypto exposure is both the most volatile and the most expensive component in percentage terms.
What next?
Ready to invest in this portfolio?
Select a broker that fits your needs and watch for low fees to maximize your returns.
Create your own report?
Join our community!
The information provided on this platform is for informational purposes only and should not be considered as financial or investment advice. Insightfolio does not provide investment advice, personalized recommendations, or guidance regarding the purchase, holding, or sale of financial assets. The tools and content are intended for educational purposes only and are not tailored to individual circumstances, financial needs, or objectives.
Insightfolio assumes no liability for the accuracy, completeness, or reliability of the information presented. Users are solely responsible for verifying the information and making independent decisions based on their own research and careful consideration. Use of the platform should not replace consultation with qualified financial professionals.
Investments involve risks. Users should be aware that the value of investments may fluctuate and that past performance is not an indicator of future results. Investment decisions should be based on personal financial goals, risk tolerance, and independent evaluation of relevant information.
Insightfolio does not endorse or guarantee the suitability of any particular financial product, security, or strategy. Any projections, forecasts, or hypothetical scenarios presented on the platform are for illustrative purposes only and are not guarantees of future outcomes.
By accessing the services, information, or content offered by Insightfolio, users acknowledge and agree to these terms of the disclaimer. If you do not agree to these terms, please do not use our platform.
Instrument logos provided by Elbstream.
Help us improve Insightfolio
Your feedback makes a difference! Share your thoughts in our quick survey. Take the survey