Roast mode 🔥

Quietly concentrated global tracker with a tech crush and a side quest in emerging value

Report created on May 3, 2026

Risk profile Info

4/7
Balanced
Less risk More risk

Diversification profile Info

4/5
Broadly Diversified
Less diversification More diversification

Positions

This portfolio is basically a one-fund solution that couldn’t commit. Seventy percent sits in a global tracker doing all the heavy lifting, then 15% gets duplicated into a separate US tracker, and the final 15% is tossed into emerging markets value like a wildcard bet. It’s “diversified” in the sense that three funds exist, but two of them are hugging the same benchmark, and the third is pulling in a completely different direction. Structurally, this is less a carefully built portfolio and more a global index fund with some noisy sidecars. The result is complexity without much extra edge: overlap where it’s not helpful, and differentiation where it’s the least controlled.

Growth Info

Historically, this thing has been on a heater: €1,000 turning into €1,649 in under three years with a 22.11% CAGR is objectively spicy. It even beat both the US and global benchmarks by a couple of percentage points, so on paper it looks like a genius move. But that -21.17% max drawdown says reality still bites, and recovery took months, not days. Also, needing just 21 days to make up 90% of returns screams “you miss a few good days, your story changes fast.” Past data here is like a highlight reel, not a guarantee — entertaining, flattering, and absolutely not a promise this hot streak continues.

Projection Info

The Monte Carlo projection basically says: “This could go fine, or not, good luck.” A median outcome of €2,636 after 15 years from €1,000, with an 8.10% annualized return across simulations, is solid but not magical. The fact that the p5 outcome is roughly €970 shows there’s a meaningful chance of going nowhere for a decade and a half. Monte Carlo is just a thousand alternate histories based on past volatility and returns; it’s not clairvoyant. What it really tells you is that this equity-only ride has a wide range between “nice growth” and “why did I bother,” and both are statistically plausible.

Asset classes Info

  • Stocks
    100%

Asset class “diversification” here is aggressively simple: 100% stocks, zero of everything else. It’s like building a house entirely out of glass because sunlight is nice. No bonds, no cash buffer, no alternative doodads — just pure equity beta turned up to medium-high. That lines up with the drawdowns and projection range: when markets party, this participates; when markets sulk, it takes the full emotional damage. A single-asset-class portfolio always looks efficient on a sunny day, but it only has one gear. There’s no built-in shock absorber, just the hope that long-term equity returns bail out every rough patch along the way.

Sectors Info

  • Technology
    30%
  • Financials
    16%
  • Consumer Discretionary
    10%
  • Industrials
    10%
  • Telecommunications
    8%
  • Health Care
    8%
  • Energy
    5%
  • Consumer Staples
    5%
  • Basic Materials
    5%
  • Utilities
    3%
  • Real Estate
    2%

Sector-wise, this portfolio is clearly in a serious tech relationship, with technology around 30% of the mix. That’s a big thematic bet, even if it arrived indirectly via broad indexes. Financials, industrials, and consumer discretionary show up respectably, but they’re supporting cast, not leads. Utilities and real estate barely make the credits. This is what happens when cap-weighted indexes meet a world where a handful of mega tech and growth names dominate market value. The risk is simple: if the tech darlings stumble or just stop being superstars, a big chunk of this portfolio’s personality goes missing. You’re indexing, but with a built-in tech bias you can’t ignore.

Regions Info

  • North America
    62%
  • Asia Developed
    11%
  • Europe Developed
    10%
  • Asia Emerging
    8%
  • Japan
    4%
  • Latin America
    2%
  • Africa/Middle East
    1%
  • Australasia
    1%
  • Europe Emerging
    1%

Geographically, this is “Global” in a way that mostly means “North America and some stuff around it.” About 62% in North America, with Europe Developed and Asia Developed grabbing modest double-digit or high-single-digit slices, and the rest of the world politely sprinkled in. It’s basically a world map where one continent is in 4K and everyone else is in blurry 480p. This is standard cap-weight behavior, not a mistake — global markets really are that skewed — but it does mean a lot of economic and political risk is tied to one region’s fortunes. If that region sneezes, this portfolio catches a full-body cold.

Market capitalization Info

  • Mega-cap
    50%
  • Large-cap
    35%
  • Mid-cap
    15%

On market cap, this is unapologetically top-heavy: about half in mega-caps, another 35% in large-caps, and a token 15% in mid-caps. This is the financial equivalent of only trusting companies whose logos you’ve already seen on billboards. It’s not insane — big firms are often more stable — but it’s definitely a bet that the giants keep acting like gentle dinosaurs rather than volatile meme stocks. The portfolio doesn’t really lean into small or mid-cap risk, so there’s less exposure to the scrappy up-and-comers that sometimes drive future growth. It’s safe-ish by equity standards, but also a bit lazy and index-default by design.

True holdings Info

  • NVIDIA Corporation
    4.43%
    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
  • Apple Inc
    3.90%
    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
    2.76%
    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.
    2.60%
    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
    2.09%
    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
    1.74%
    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
    1.47%
    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
  • Alphabet Inc Class C
    1.46%
    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.
    1.30%
    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
    1.10%
    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 22.86%

The look-through holdings tell a familiar story: Nvidia, Apple, Microsoft, Amazon, Alphabet, Meta, Tesla — it’s the usual celebrity lineup. Nvidia alone at 4.43% plus several other tech megacaps crowding the top shows how much this portfolio lives or dies with a tiny handful of names. And that’s just within the top 10 slices of the ETFs, covering barely a quarter of the total portfolio. Real overlap is almost certainly higher, but the data underplays it. This isn’t three funds giving three distinct exposures; it’s three slightly different camera angles of the same cast of characters, all standing under the same tech-heavy spotlight.

Risk contribution Info

  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    Weight: 70.00%
    69.3%
  • SPDR S&P 500 UCITS ETF USD Acc EUR
    Weight: 15.00%
    15.7%
  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
    Weight: 15.00%
    15.1%

Risk contribution is refreshingly boring: the 70% global ETF contributes about 69% of risk, the two 15% slices each add roughly 15%, and that’s the whole story. No rogue position is punching above its weight; the portfolio’s volatility is exactly where the weights say it should be. That’s unusual in a good way — nothing tiny and wild is secretly steering the ship. But it also means the entire ride is dictated by three broad funds moving roughly together. There’s no surgical risk targeting here, just a big blended index soup where each ladle’s impact lines up almost perfectly with its stated size.

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 correlation section basically outs the obvious: the S&P 500 ETF and the global ACWI ETF move almost identically. In other words, those two aren’t diversifying each other; they’re echoing each other. High correlation means when one zigs, the other usually zigs too, which is cute in a couple, less cute in a portfolio pretending to be complex. This is like paying for two streaming services that both mostly show the same shows. It doesn’t break the portfolio, but it does mean some of that “three ETFs!” confidence is really just one main exposure replayed twice with slightly different packaging.

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 quietly judges this portfolio. At a Sharpe ratio of 1.24, it sits noticeably below what could be achieved using the very same holdings, just reweighted. The max-Sharpe version gets to 1.76, and even the minimum variance mix has a higher Sharpe at similar risk. Being 1.09 percentage points below the frontier at the current risk level is like running with ankle weights for no reason. The message is harsh but clear: this isn’t an optimization issue needing exotic new assets; even with the existing three funds, the risk-return tradeoff could be cleaner. The current setup is comfortable, not efficient.

Ongoing product costs Info

  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD 0.40%
  • SPDR S&P 500 UCITS ETF USD Acc EUR 0.03%
  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF 0.12%
  • Weighted costs total (per year) 0.15%

Costs are suspiciously reasonable. A weighted TER of 0.15% is the kind of number that makes it hard to rant about fees. The two SPDR funds are cheap, with the S&P 500 slice at 0.03% basically paying you in moral satisfaction. The EM value ETF at 0.40% is the diva of the trio, but even that isn’t outrageous for a more niche tilt. Overall, this is not a portfolio bleeding out from expense drag; it’s more like a low-budget indie film with a surprisingly professional sound mix. If performance underwhelms in future, it won’t be because the ETFs quietly mugged the returns every year.

What next?

Create your own report?

Analyze your portfolio

Join our community!

Join Discord

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