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Two fund global index that accidentally behaves like a sensible grown up portfolio

Report created on May 16, 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 the investing equivalent of a plain margherita pizza: two toppings and somehow it works. It’s 90% one global index fund and 10% a quirky emerging markets value tilt. No satellites, no side quests, no random pet stock experiments. For something labeled “balanced,” it’s actually 100% equities, so the “balanced” bit is doing some heavy marketing work here. Still, the structure is clean: one big diversified engine plus a small bolt-on trying to be clever in cheaper markets. The funny part is how unexciting it looks while quietly taking full‑fat stock market risk behind the scenes. Simple isn’t always smart, but at least it’s not chaotic.

Growth Info

Historically, this thing has turned €1,000 into €2,575, which is very respectable, just not heroic. A 13.52% CAGR is strong, but the US market walked past it at 16.04%, while the global market was basically neck and neck at 13.42%. So it’s basically “world index with a mild opinion,” not some alpha machine. Max drawdown at -33.23% shows it fell off the same Covid cliff as everyone else, then needed about 10 months to climb back out. That’s what fully loaded equity risk looks like. Past data is like yesterday’s weather, though: useful to know it rains, not a contract that tomorrow’s dry.

Projection Info

The Monte Carlo projection is basically a financial weather forecast made by rolling the dice 1,000 times on future returns. Median outcome: €1,000 becomes about €2,739 in 15 years, but that “likely” band runs from €1,785 to €4,274 and the “could happen” extremes stretch from break-even to “hey that went well.” An average simulated annual return of 8.07% is miles tamer than the recent 13%+ party, which is a polite reminder that the past few years were abnormally kind. Simulations are guessing based on history, and history doesn’t sign legal guarantees. It just says, “Stuff can swing a lot, don’t act surprised.”

Asset classes Info

  • Stocks
    100%

Asset class breakdown is brutally simple: 100% stocks, 0% everything else. Calling this “balanced” is like calling an espresso “hydrating.” There’s no bonds, no cash buffer, no diversifying real assets—just pure equity roller coaster. That simplicity does make the story easy to understand: if stocks win, this wins; if stocks tank, so does this. There’s no second engine kicking in when markets get ugly. Asset allocation is usually the big lever that changes how bumpy the ride feels. Here, that lever is jammed to “full equity” with no subtlety at all, even if the underlying stocks are spread around the world.

Sectors Info

  • Technology
    30%
  • Financials
    16%
  • Industrials
    10%
  • Consumer Discretionary
    9%
  • Telecommunications
    8%
  • Health Care
    7%
  • Energy
    5%
  • Consumer Staples
    5%
  • Basic Materials
    4%
  • Utilities
    3%
  • Real Estate
    2%

Sector-wise, the portfolio leans into the modern economy pretty hard. Technology at 30% is a clear top dog, with financials, industrials, and consumer areas following at respectful distances. It’s basically saying, “I like growth stories and the pipes that keep money moving.” There’s at least a token spread across everything else—health care, energy, staples, utilities, real estate—but they’re all minor characters. This isn’t a lopsided all‑in bet on a single niche, but tech is definitely hogging the spotlight. That’s great when innovation is in fashion; less fun if regulators, rates, or sentiment decide to remind everyone that trees don’t grow to the sky.

Regions Info

  • North America
    60%
  • Europe Developed
    13%
  • Asia Developed
    11%
  • Asia Emerging
    7%
  • Japan
    5%
  • Latin America
    2%
  • Australasia
    1%
  • Africa/Middle East
    1%
  • Europe Emerging
    1%

Geographically, this “global” portfolio is doing the classic move: 60% North America and then letting the rest of the world share the scraps. Europe Developed at 13%, Asia Developed at 11%, and Japan at 5% make it feel international on paper, but the center of gravity is still very obvious. Emerging markets barely show up in single digits when combined, even though one of the two funds is supposedly dedicated to EM value. This is what happens when market-cap weighting meets US market dominance — the map looks global but the muscle is mostly in one region. It’s diversification with a very clear favorite child.

Market capitalization Info

  • Mega-cap
    52%
  • Large-cap
    34%
  • Mid-cap
    14%

The market cap breakdown is textbook: 52% mega-cap, 34% large-cap, 14% mid-cap, and small caps basically ghosting the party. This is the “I’ll just buy the giants” approach, which is exactly what broad cap-weighted indexes do. It means the portfolio is tied to the fate of gigantic, mature companies rather than nimble upstarts. That can be stabilizing relative to tiny speculative names, but it also means hitching performance to mega corporate politics, regulation, and slower growth. When the biggest names win, life feels easy. When they don’t, the portfolio isn’t exactly sitting on a bench of overlooked small gems waiting to shine.

True holdings Info

  • NVIDIA Corporation
    4.41%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Apple Inc
    3.63%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Microsoft Corporation
    2.60%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Taiwan Semiconductor Manufacturing Co. Ltd.
    2.59%
    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
    2.29%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Alphabet Inc Class A
    2.01%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Broadcom Inc
    1.70%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Alphabet Inc Class C
    1.69%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Meta Platforms Inc.
    1.21%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Tesla Inc
    0.98%
    Part of fund(s):
    • LS 1x Tesla Tracker ETP Securities GBP
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
  • Top 10 total 23.11%

Look-through holdings read like the usual mega-cap celebrity lineup: NVIDIA, Apple, Microsoft, TSMC, Amazon, Alphabet (twice, of course), Broadcom, Meta, Tesla. You’ve basically built a fan club for the global tech and platform behemoths without explicitly trying to stock-pick them. Overlap is guaranteed because these names dominate every global index, and here they show up via multiple ETFs. And note: this is only using ETF top-10 data, so the actual duplication is almost certainly higher. The portfolio pretends to be diversified, but a decent chunk of its fate is welded to a tiny handful of mega companies doing most of the heavy lifting.

Risk contribution Info

  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    Weight: 90.00%
    90.3%
  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
    Weight: 10.00%
    9.7%

Risk contribution is refreshingly boring: the 90% ACWI position contributes about 90% of the portfolio risk, and the 10% EM value chunk contributes about 10%. Risk contribution measures who’s actually shaking the ride, and here the weights and the wobble line up almost perfectly. No tiny wild child position secretly destabilizing everything, no one fund punching ten times above its size. For once, what you see on the allocation pie is basically what you feel in volatility. If this portfolio gets moody, blame the giant global fund; the EM tilt is only adding a modest extra twist, not running the show.

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 efficient frontier chart, this portfolio actually behaves like it did its homework. The Sharpe ratio of 0.63 trails the max-Sharpe option at 0.83 and even the minimum variance setup at 0.82, but those “better” points are using the same ingredients in slightly different proportions. In other words, this mix is already sitting on or very near the curve of best risk/return combos available with these two funds. No massive free lunch hiding in a reweight. It’s not the absolute sharpest pencil in the drawer, but it’s definitely not the crayon. For something so simple, it’s impressively efficient.

Ongoing product costs Info

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

Costs are where this portfolio accidentally flexes. A blended TER of 0.15% is impressively low: 0.12% on the giant ACWI core and 0.40% on the little EM factor sidecar. You’re basically paying budget airline prices for a flight where, for once, they don’t charge you to breathe. Fees are one of the few things that are guaranteed, unlike returns, so quietly minimizing them is one of the least glamorous but most effective choices here. Could it be even cheaper with different building blocks? Probably. But at this level, the fee drag isn’t the villain; market behavior is.

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