Roast mode 🔥

Global wrapper on global wrapper with bonus value factor clutter

Report created on May 25, 2026

Risk profile Info

4/7
Balanced
Less risk More risk

Diversification profile Info

3/5
Moderately Diversified
Less diversification More diversification

Positions

This portfolio is basically an index of indexes with some extra factor seasoning dumped on top. Half the money sits in a global all‑world fund, then a fifth in another global value fund, another fifth in the S&P 500, plus an EM value fund just to make the puzzle harder to explain. It’s like buying a mixed pizza, then adding separate boxes of pepperoni and “extra pepperoni” on the side. Structurally it’s fine but pointlessly layered. The end result is a very equity-heavy portfolio pretending to be “balanced,” with more complexity in the fund list than in the actual underlying exposures.

Growth Info

Historically this thing has been on a heater: turning €1,000 into €1,775 in under three years, with a 25.09% CAGR. That beats both the US market and global market by a few percentage points a year, which is impressive for something mostly hugging broad indexes. Max drawdown of -20.72% wasn’t exactly a gentle massage, but still milder than the US benchmark’s dive. Just remember: this period was unusually kind to big tech and risk assets. Past data is yesterday’s weather — helpful to know, but it doesn’t promise blue skies forever.

Projection Info

The Monte Carlo simulation basically throws this portfolio into 1,000 alternate futures and asks, “How badly can this go and how well can it accidentally work out?” Median outcome of €2,688 from €1,000 over 15 years is decent, but the range from about €973 to €7,567 screams “buckle up.” That lower end says there’s a non-trivial chance of going nowhere for a decade and a half, even staying flat in real terms once inflation shows up. Simulations are glorified dice rolls based on past behavior, not a crystal ball, but they do underline that 100% equities is not a smooth ride.

Asset classes Info

  • Stocks
    100%

Asset-class “diversification” here is extremely simple: 100% stocks, 0% anything else. For a portfolio labeled “balanced,” this is more “all gas no brakes.” There’s no bonds, no cash buffer, no real diversifiers — just one giant bet that global equities will keep doing equity things. That’s great when markets trend up; it’s less fun when everything falls together and there’s nowhere to hide. If portfolios were meals, this one is a plate of pure protein powder — efficient, probably effective, but missing vegetables, carbs, and anything resembling subtlety.

Sectors Info

  • Technology
    33%
  • Financials
    15%
  • Industrials
    10%
  • Consumer Discretionary
    9%
  • Telecommunications
    8%
  • Health Care
    8%
  • Energy
    4%
  • Consumer Staples
    4%
  • Basic Materials
    4%
  • Utilities
    2%
  • Real Estate
    2%

Sector-wise, this “value-flavored” portfolio is hilariously dominated by Technology at 33%. So yes, the top factor label says “Value,” but underneath it’s still worshipping the same megacap tech gods as everyone else. Financials and industrials show up respectably, but nothing challenges tech’s spotlight. That means a big chunk of outcome depends on the continued heroics of the same small group of companies fueling recent years. Calling this a value tilt while NVIDIA, Apple, and Microsoft dominate the look-through is like ordering a salad and then drowning it in bacon and cheese.

Regions Info

  • North America
    63%
  • Europe Developed
    13%
  • Asia Developed
    9%
  • Japan
    6%
  • Asia Emerging
    5%
  • Latin America
    1%
  • Africa/Middle East
    1%
  • Australasia
    1%

Geographically, this is “America and friends.” About 63% is in North America, with Europe, Japan, and developed Asia getting supporting roles and emerging markets tossed in like garnish. For something built around global and ACWI funds, it still ends up heavily US-centric — standard, but not exactly adventurous. The EM value sleeve barely nudges the needle, leaving most of the fate tied to one big economy and market style. It’s a sensible bias in line with broad indexes, but let’s not pretend this is some carefully curated world tour; it’s more like one long layover in the US.

Market capitalization Info

  • Mega-cap
    47%
  • Large-cap
    37%
  • Mid-cap
    15%
  • Small-cap
    1%

Market cap exposure is unapologetically top-heavy: 47% mega-cap, 37% large-cap, 15% mid-cap, and a token 1% thrown at small caps. This is the classic “own the giants and toss crumbs to everyone else” approach. It tracks major indexes, but it also means the portfolio’s personality is basically whatever the largest global companies feel like doing. That’s fine when the giants are healthy, but it doesn’t leave much room for the smaller, spicier part of the market to matter. In effect, one is paying for four funds to mostly repackage the same mega-cap choir.

True holdings Info

  • NVIDIA Corporation
    4.01%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • State Street SPDR S&P 500 UCITS ETF (Acc)
  • Apple Inc
    3.30%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • State Street SPDR S&P 500 UCITS ETF (Acc)
  • Microsoft Corporation
    2.42%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • State Street SPDR S&P 500 UCITS ETF (Acc)
  • Amazon.com Inc
    2.11%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • State Street SPDR S&P 500 UCITS ETF (Acc)
  • Taiwan Semiconductor Manufacturing Co. Ltd.
    1.93%
    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
  • Alphabet Inc Class A
    1.84%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • State Street SPDR S&P 500 UCITS ETF (Acc)
  • Broadcom Inc
    1.58%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • State Street SPDR S&P 500 UCITS ETF (Acc)
  • Alphabet Inc Class C
    1.52%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • State Street SPDR S&P 500 UCITS ETF (Acc)
  • Micron Technology Inc
    1.47%
    Part of fund(s):
    • iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) EUR
  • Meta Platforms Inc.
    1.11%
    Part of fund(s):
    • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    • State Street SPDR S&P 500 UCITS ETF (Acc)
  • Top 10 total 21.29%

The look-through holdings confirm the usual suspects are running the show. NVIDIA at 4.01%, Apple at 3.30%, Microsoft at 2.42%, Amazon, Alphabet (twice), Broadcom, TSMC, Meta — it’s the standard global megacap tech-and-friends playlist. And that’s with only top-10 coverage for each ETF; real overlap is higher. So while the portfolio feels diversified by fund count, the underlying bets are highly concentrated in a handful of names that appear over and over. It’s like subscribing to multiple streaming services just to watch the same ten blockbuster movies on repeat.

Risk contribution Info

  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    Weight: 50.00%
    50.0%
  • State Street SPDR S&P 500 UCITS ETF (Acc)
    Weight: 20.00%
    20.9%
  • iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) EUR
    Weight: 20.00%
    18.8%
  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
    Weight: 10.00%
    10.3%

Risk contribution is almost boringly proportional: the 50% ACWI position contributes 50% of risk, and the other three funds each pull roughly their weight. No tiny wild card secretly shaking the whole ship — the big positions are exactly the ones driving volatility. The top three holdings together contribute about 89.73% of total risk, which tracks with their combined size. This is what happens when everything is just another diversified equity fund: risk is spread across broad markets rather than any single ticking time bomb, but when markets slip, the whole stack slides together.

Redundant positions Info

  • State Street SPDR S&P 500 UCITS ETF (Acc)
    SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    High correlation

The correlated assets section is basically outing the obvious: the S&P 500 ETF and the ACWI ETF move almost identically. That’s because ACWI is already stuffed with US stocks, so adding an S&P 500 slice on top is like adding more US to your already very US-heavy global fund. High correlation means when one zigs, the other… also zigs. In a selloff, there’s no meaningful offset — they both head south in sync. From a risk perspective, this is more duplication than diversification; different tickers, same underlying dance.

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 risk–return chart, this portfolio is sitting 2.5 percentage points below its own efficient frontier at the same risk level. Translation: using only these exact holdings, a smarter weight mix could have delivered more return for similar volatility. The current Sharpe ratio of 1.44 looks fine until you see the optimal mix at 2.0 — same ingredients, better recipe. Even the minimum-variance portfolio has a higher Sharpe. So this setup isn’t blowing up, but it is leaving free efficiency on the table. It’s like driving a sports car locked in second gear — fast enough, but clearly underused.

Ongoing product costs Info

  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD 0.40%
  • iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) EUR 0.30%
  • State Street SPDR S&P 500 UCITS ETF (Acc) 0.03%
  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF 0.12%
  • Weighted costs total (per year) 0.17%

Costs are the one area where this portfolio doesn’t embarrass itself. A blended TER of 0.17% is respectably low, with the ACWI and S&P funds doing the heavy lifting on efficiency while the value and EM factor funds quietly pad the bill. It’s not rock-bottom, but it’s absolutely in the “you didn’t get ripped off” zone. Still, there is a bit of paying twice for similar exposure — layering overlapping global and US funds means some fees buy largely the same underlying stocks. Think of it as paying a small tip for redundant packaging.

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