Roast mode 🔥

Value tourist portfolio moonlighting as a tech momentum bet without admitting it

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 looks like someone started with two big “own the world” funds and then panic-added three value-factor satellites to feel clever. Half the money is in plain vanilla broad-market ETFs, the other half is a slightly messy value science experiment bolted on top. It’s diversified on paper but structurally redundant: ACWI plus S&P 500 is basically a lot of overlapping large US stocks sold twice. The result is a blended smoothie where it’s hard to tell what’s doing what. The portfolio behaves like a growth-heavy global equity mix that insists it’s a disciplined value strategy, which is a cute identity crisis but not exactly precision engineering.

Growth Info

Historically this thing absolutely ripped: €1,000 turning into €1,685 in under three years and a 23.5% CAGR is “enjoy it while it lasts” territory. It even beat both the US and global markets by about 4 percentage points a year, which is hard to complain about. But there’s a catch: that -20% max drawdown is the reminder that this is still a 100% equity rollercoaster, not some magic free-lunch machine. And the fact that 90% of returns came from just 24 days screams “miss the party days, miss the returns.” Past data here is like a highlight reel, not a guarantee the sequel isn’t worse.

Projection Info

The Monte Carlo simulation basically says, “Odds are this works out fine, but don’t get cocky.” Monte Carlo is just a fancy way of running thousands of alternate histories using the same risk/return profile to see the spread of possible futures. Median outcome is €2,763 from €1,000 in 15 years, which is decent but nowhere near the recent 23% joyride. The scary bit is the 5th percentile: ending around €961 after 15 years, meaning a non-trivial chance of going nowhere slowly. It’s a reminder that simulations are educated dice rolls, not promises — especially when recent performance has been on rocket fuel.

Asset classes Info

  • Stocks
    100%

Asset allocation is easy here: it’s all stocks, all the time, no chaser. For something labelled “balanced,” this is more like ordering only espresso and calling it hydration. No bonds, no cash buffer, no real diversifiers — just pure equity beta turned up to medium-high. That’s fine if the goal is to track market-like swings, but the “balanced” tag is doing a lot of PR work. In practice, the portfolio will lurch with equity markets, and any attempt to pretend otherwise is marketing spin. There’s diversification within stocks, sure, but absolutely zero across asset classes where it actually dampens the ride.

Sectors Info

  • Technology
    28%
  • Financials
    16%
  • Industrials
    10%
  • Consumer Discretionary
    9%
  • Health Care
    9%
  • Telecommunications
    8%
  • Energy
    5%
  • Consumer Staples
    5%
  • Basic Materials
    5%
  • Utilities
    3%
  • Real Estate
    2%

Sector-wise, this portfolio is that friend who claims to love “undervalued companies” but keeps texting tech at 2 a.m. Nearly 30% in technology while running value-factor labels is a bit of a personality split. Financials, industrials, and healthcare get decent slices, but the overall tilt is still very “modern growth economy” rather than old-school cigar-butt value. Real estate and utilities are basically background extras. So the story is simple: when high-multiple tech catches a cold, this portfolio doesn’t just sniffle, it gets the full flu. Calling this a value tilt while NVIDIA and Apple dominate the look-through is… optimistic branding.

Regions Info

  • North America
    55%
  • Europe Developed
    22%
  • Asia Developed
    9%
  • Asia Emerging
    6%
  • Japan
    4%
  • Latin America
    2%
  • Africa/Middle East
    1%
  • Europe Emerging
    1%

Geographically, it’s the standard “US first, rest of world as decoration” setup: 55% North America with Europe trailing at 22% and everyone else fighting over crumbs. For a European investor, that’s a pretty strong vote of confidence in the other side of the Atlantic. It’s not outrageous — global indexes are US-heavy anyway — but there’s no real attempt to step away from the usual home bias toward the global giant. Asia, Latin America, and Africa get token allocations that might move the fourth decimal place but not the experience. When the US sneezes, this portfolio catches the same cold as every other index hugger.

Market capitalization Info

  • Mega-cap
    45%
  • Large-cap
    39%
  • Mid-cap
    15%

Market cap exposure is very polite: 45% mega-cap, 39% large-cap, and a token 15% mid-cap, with small caps apparently not invited to the party. This is basically the corporate aristocracy running the show while mid-caps are allowed to hang out in the lobby. That means the portfolio is heavily tied to the fate of giant, index-dominating firms, for better or worse. Great when mega-caps are printing money, less fun when they all derate together. There’s nothing adventurous here — no real tilt toward small or off-the-run names — which makes the supposed “factor” sophistication feel more like slightly flavored index exposure.

True holdings Info

  • NVIDIA Corporation
    3.68%
    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
    3.24%
    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
    2.34%
    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.
    2.00%
    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
    1.75%
    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
    1.45%
    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
    1.25%
    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
    1.19%
    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.
    1.08%
    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
  • Tesla Inc
    0.91%
    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 18.89%

The look-through holdings are hilariously on-brand: NVIDIA, Apple, Microsoft, TSMC, Amazon, Alphabet, Meta, Tesla — it’s basically the usual mega-cap celebrity guest list. So beneath the fancy fund names and value-factor marketing, the engine room is still Big Tech and friends. Overlap is clearly significant even though only top-10 holdings are counted, meaning the actual duplication is almost certainly worse than it looks. This is like building three playlists and discovering all of them start with the same ten songs. The hidden concentration risk is that one cluster of mega-cap darlings is quietly steering a big chunk of the portfolio’s behaviour, whether that was the intention or not.

Risk contribution Info

  • SPDR S&P 500 UCITS ETF USD Acc EUR
    Weight: 30.00%
    31.7%
  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    Weight: 30.00%
    30.6%
  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
    Weight: 15.00%
    15.8%
  • iShares MSCI Europe Value Factor UCITS
    Weight: 15.00%
    12.5%
  • iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) EUR
    Weight: 10.00%
    9.4%

Risk contribution is refreshingly simple: the three biggest positions (S&P 500, ACWI, EM Value) are doing 78% of the total risk lifting. They’re basically the loud drunk uncles at the wedding, while the smaller positions stand quietly by the bar. The SPDR S&P 500 and ACWI carry slightly more risk than their weights, but nothing outrageous. The Europe Value and World Value funds are actually under-punching, contributing less risk than their share. This setup means that, despite the fancy smaller slices, the portfolio’s ups and downs are overwhelmingly dictated by the two broad-market giants and one spicy EM value bet — everything else is mood lighting.

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 politely confirms what was already obvious: the S&P 500 ETF and the ACWI ETF move almost in lockstep. That’s like buying two different flavours of cola and acting surprised they both taste like sugar and marketing. High correlation means when one drops, the other doesn’t heroically save the day — they usually fall together, just with slightly different accents. So while it feels diversified to own “US” plus “global,” the actual behaviour in a crisis is more “synchronized dive” than “safety net.” Correlation is the buzzkill that says, “No, these aren’t actually doing different jobs in a storm.”

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 a 13.1% risk level, the current mix sits 3.4 percentage points below what could be achieved using the exact same ingredients in smarter proportions. The Sharpe ratio of 1.38 versus 1.89 for the optimal mix is basically the universe saying, “Nice try, but this could be much tighter.” Even the minimum-variance portfolio delivers slightly higher returns with less risk. That’s the painful part: no new funds needed, just less clumsy weighting. This isn’t a disaster, but it’s leaving free risk-adjusted return on the table like someone walking away from chips they already paid for.

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%
  • 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 the one area where this portfolio doesn’t embarrass itself. A total TER of 0.26% is pretty reasonable for a mix that includes factor products and global coverage. It’s not rock-bottom “I accidentally picked the cheapest ETF” territory, but definitely not predatory. The 0.45% on ACWI is a bit rich now that cheaper global options exist, while the EM and factor funds are middle-of-the-road pricey. Still, for what’s essentially a slightly overcomplicated index hugger with a value accent, the fee drag isn’t catastrophic. Think of it as paying standard cover charge to enter a club where most people just ended up at the main bar anyway.

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