Concentrated US stock portfolio with strong large cap tilt and efficient risk adjusted performance
Report created on Sep 24, 2026Risk profile
4/7
Diversification profile
3/5
Positions
-
VO Vanguard S&P 500 ETF
VOO - US9229083632 50.00% -
QQ Invesco NASDAQ 100 ETF
QQQM - US46138G6492 30.00% -
VX Vanguard Total International Stock Index Fund ETF Shares
VXUS - US9219097683 20.00%
This portfolio is made up of three broad equity ETFs, all focused on stocks. Half is in an S&P 500 fund, 30% in a NASDAQ 100 fund, and 20% in a total international stock fund. So structurally it is simple, equity-only, and leans heavily on US large companies with a smaller slice in non‑US markets. A three‑fund structure like this is easy to understand and monitor, which helps with staying consistent over time. The simplicity also means the overall behaviour is largely driven by broad market moves rather than niche themes. At the same time, being 100% in stocks means the ride can be bumpy compared with portfolios that mix in bonds or cash.
Growth
From late 2020 to late 2026, a hypothetical $1,000 in this portfolio grew to about $2,322. That works out to a compound annual growth rate (CAGR) of 15.31%, meaning the investment grew as if it earned roughly 15% every year on average. That slightly lagged the US market benchmark but beat the global market benchmark by a healthy margin. The worst peak‑to‑trough drop, or max drawdown, was about -28%, deeper than the US market’s but similar to global stocks. The recovery from that drawdown took over a year, which shows that even broadly diversified stock portfolios can have long, uncomfortable downturns.
Projection
The forward projection uses a Monte Carlo simulation, which is basically a thousand “what if” futures built from historical patterns and randomness. Starting from $1,000, the median 15‑year outcome is around $2,835, with a wide but informative range of possible results. The likely middle band (between the 25th and 75th percentiles) runs from roughly $1,791 to $4,157, while more extreme scenarios span from about $945 to $7,822. The average projected return across all paths is 8.15% per year, noticeably lower than recent history. This gap is normal: simulations tend to build in more modest expectations and volatility. As always, they are illustrations, not promises.
Asset classes
- Stocks 100%
Asset‑class exposure is straightforward: 100% in stocks and 0% in bonds, cash, or alternatives. Stocks historically have offered higher long‑term growth than bonds but with larger and more frequent swings. Compared with many “balanced” blends that mix in fixed income, this portfolio leans clearly toward growth and equity risk. The lack of bonds means there is little natural buffer when markets fall; drawdowns are driven almost entirely by equity moves. On the other hand, an all‑equity approach avoids the lower long‑term return profile typical of heavy bond allocations. The key takeaway is that almost all risk and potential reward here comes from global stock markets.
Sectors
- Technology 41%
- Financials 11%
- Telecommunications 10%
- Consumer Discretionary 9%
- Industrials 8%
- Health Care 7%
- Consumer Staples 5%
- Energy 3%
- Basic Materials 3%
- Utilities 2%
- Real Estate 1%
Sector exposure is notably tilted toward technology at 41%, with the rest spread across financials, telecommunications, consumer, industrials, health care, and smaller slices in other areas. Many global benchmarks have big tech weights today, but 41% is still on the higher side, especially with the added NASDAQ 100 position, which is famously tech‑heavy and growth‑oriented. This structure can benefit when innovation‑driven companies are leading markets, yet it also means results can be quite sensitive to tech cycles, regulation, and interest‑rate moves. The presence of smaller allocations in defensive areas like consumer staples, utilities, and health care does add some balance, but sector risk is clearly anchored in growth‑oriented industries.
Regions
- North America 81%
- Europe Developed 8%
- Asia Developed 3%
- Japan 3%
- Asia Emerging 3%
- Australasia 1%
- Africa/Middle East 1%
- Latin America 1%
Geographically, about 81% of the portfolio is in North America, with the remainder spread across developed Europe, Japan, developed Asia, and smaller portions in emerging regions and other areas. Many global equity benchmarks have a large US weight, but this portfolio goes a step further, given the NASDAQ and S&P focus. That concentration has been helpful over the last decade when US markets strongly outperformed many others. It also means that economic, political, and currency developments in the US have an outsized effect on the portfolio. The international allocation still brings some diversification, especially through different growth drivers and currencies, but the core risk driver is firmly US‑centric.
Market capitalization
- Mega-cap 49%
- Large-cap 33%
- Mid-cap 16%
- Small-cap 1%
Market‑cap exposure is dominated by mega‑ and large‑cap stocks, which together make up about 82% of the portfolio, with limited mid‑cap and almost no small‑cap exposure. Large companies often have more stable earnings, deeper liquidity, and greater analyst coverage, which can reduce company‑specific surprises. This pattern aligns closely with major indices, which are also heavily weighted to the biggest firms. The flip side is less exposure to smaller companies, which historically have been more volatile but occasionally deliver strong bursts of outperformance during certain economic phases. In practice, this means the portfolio behaves a lot like a classic large‑cap index blend, with fewer idiosyncratic small‑company effects.
True holdings
-
NV NVIDIA Corporation 6.52%
Part of fund(s):- Invesco NASDAQ 100 ETF
- Vanguard S&P 500 ETF
-
AA Apple Inc. 5.76%
Part of fund(s):- Invesco NASDAQ 100 ETF
- Vanguard S&P 500 ETF
-
MS Microsoft Corporation 4.53%
Part of fund(s):- Invesco NASDAQ 100 ETF
- Vanguard S&P 500 ETF
-
AM Amazon.com Inc 3.18%
Part of fund(s):- Invesco NASDAQ 100 ETF
- Vanguard S&P 500 ETF
-
GO Alphabet Inc Class A 2.45%
Part of fund(s):- Invesco NASDAQ 100 ETF
- Vanguard S&P 500 ETF
-
MU Micron Technology Inc 2.29%
Part of fund(s):- Invesco NASDAQ 100 ETF
- Vanguard S&P 500 ETF
-
GO Alphabet Inc Class C 2.08%
Part of fund(s):- Invesco NASDAQ 100 ETF
- Vanguard S&P 500 ETF
-
ME Meta Platforms Inc. 1.95%
Part of fund(s):- Invesco NASDAQ 100 ETF
- Vanguard S&P 500 ETF
-
TS Tesla Inc 1.68%
Part of fund(s):- Invesco NASDAQ 100 ETF
- LS 1x Tesla Tracker ETP Securities GBP
- Vanguard S&P 500 ETF
-
AV Broadcom Inc 1.33%
Part of fund(s):- Vanguard S&P 500 ETF
- Top 10 total 31.76%
Looking through the ETFs’ top holdings, several large names appear across multiple funds. Companies like NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta, and Tesla feature prominently, with NVIDIA and Apple alone accounting for over 6% and nearly 6% of the portfolio, respectively. Because these names often sit in both the S&P 500 and NASDAQ 100, their influence is amplified beyond a single fund’s stated weight. This creates a form of hidden concentration: performance becomes tightly linked to a small group of mega‑cap growth stocks. It’s worth noting coverage is only about a third of total holdings, so actual overlap may be somewhat higher than what the top‑10 view suggests.
Factors
Factor exposures are broadly neutral across the board: value, size, momentum, quality, yield, and low volatility all sit around the 40–60% “market‑like” band. Factors are like underlying style ingredients that help explain why portfolios behave differently — for example, value tilts favor cheaper stocks, while momentum tilts favor recent winners. Here, none of the classic factors stands out as especially strong or weak. That means the portfolio’s behaviour is likely to track broad market swings rather than show pronounced style biases. This well‑balanced factor profile can be helpful because returns are not heavily dependent on any one academic “premium” being in or out of favour at a given time.
Risk contribution
-
Vanguard S&P 500 ETF
Weight: 50.00% 46.8% -
Invesco NASDAQ 100 ETF
Weight: 30.00% 37.3% -
Vanguard Total International Stock Index Fund ETF Shares
Weight: 20.00% 15.9%
Risk contribution shows how much each ETF drives the portfolio’s overall ups and downs, which can differ from simple weights. Here, the S&P 500 ETF is 50% of the portfolio and contributes roughly 47% of total risk, so its volatility is close to proportional. The NASDAQ 100 ETF, however, is 30% by weight but contributes over 37% of risk, indicating it is more volatile than the others. The international ETF is 20% of the portfolio yet adds only about 16% of risk, cushioning things a bit. Overall, risk is concentrated in the two US funds, particularly the NASDAQ slice, which amplifies sensitivity to US growth and tech names.
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 chart places this portfolio on or very near the efficient frontier, meaning that for its current mix of holdings, the weights are already delivering a strong balance between risk and expected return. The Sharpe ratio — a measure of return earned per unit of risk taken — is 0.68, while the mathematically optimal blend using these same ETFs reaches about 0.91 with slightly lower volatility. The minimum‑variance mix would dial risk down further with only a modest drop in expected return, and still offers a Sharpe ratio of 0.83. So the portfolio is already efficient, though alternative weightings among the same three funds could, in theory, improve risk‑adjusted outcomes.
Dividends
- Invesco NASDAQ 100 ETF 0.30%
- Vanguard S&P 500 ETF 1.00%
- Vanguard Total International Stock Index Fund ETF Shares 2.30%
- Weighted yield (per year) 1.05%
The portfolio’s overall dividend yield is about 1.05%, combining a relatively low‑yield growth‑oriented NASDAQ ETF, a moderate‑yield S&P 500 ETF, and a somewhat higher‑yield international ETF. Dividend yield is the cash income paid out each year as a percentage of the investment value. Here, income plays a smaller role in total returns compared with price appreciation, which is typical for growth‑tilted US equity portfolios. Over time, even modest dividends can contribute meaningfully when reinvested, compounding alongside capital gains. This pattern also means that in flat or weak markets, the income cushion is thinner than in high‑yield strategies, so year‑to‑year portfolio values will depend more on price movements.
Ongoing product costs
- Invesco NASDAQ 100 ETF 0.15%
- Vanguard S&P 500 ETF 0.03%
- Vanguard Total International Stock Index Fund ETF Shares 0.05%
- Weighted costs total (per year) 0.07%
Total annual costs, measured by the weighted average Total Expense Ratio (TER), are about 0.07%, which is impressively low. TER is the fee charged by the funds each year as a percentage of assets, quietly deducted from returns. Keeping this number small means more of the portfolio’s performance stays in the investor’s pocket, especially over long periods where even tiny differences compound. The individual ETFs — at 0.03%, 0.05%, and 0.15% — are all in the low‑cost range for broad index funds. This cost profile aligns well with best practices in passive investing and supports the portfolio’s ability to track markets efficiently.
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