Roast mode 🔥

Factor-tilted global mashup that loves tech mega caps and pretends to be balanced

Report created on May 2, 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 looks “diversified” in the way a fast-food menu looks varied: different wrappers, same ingredients. Forty percent is in an all‑world ETF, then 30% in a US ETF that heavily overlaps that world fund, and the last 30% is sprinkled into two factor funds like decorative seasoning. It’s basically global core with a big side of “more of the same US stuff” and a small tilt toward momentum and emerging value. Structurally, this is neat and tidy but a bit lazy: three of the four holdings are broad market trackers with high overlap. The result is a portfolio that looks complex on paper but behaves a lot like one chunky global fund with some factor noise on top.

Growth Info

Historically, this thing has been on a heater. Turning €1,000 into €1,686 in under three years with a 23.24% CAGR is serious rocket fuel, comfortably beating both the US and global benchmarks by roughly 3.5–4 percentage points a year. CAGR is basically your “average trip speed,” and here it looks like someone ignored the speed limit. The max drawdown of -20.72% is spicy but not outrageous, roughly in line with the benchmarks. The catch: this track record lives in a very tech‑heavy, momentum‑friendly period. Past data is like yesterday’s weather: it tells you it *can* be sunny, not that it *will* be.

Projection Info

The Monte Carlo projection throws this portfolio into 1,000 alternate futures and asks, “How bad can it get, and how lucky can you be?” The median outcome of €2,718 from €1,000 over 15 years (about 8.08% annually) is much tamer than the recent 23% party, which is reality firmly tapping the brakes. The “possible” range from roughly €1,043 to €7,489 shows how wide the chaos can run. A 75.2% chance of a positive outcome is nice, but that still leaves about one in four timelines where this ride doesn’t feel rewarding at all. It’s a reminder that simulations are educated guesses, not spoilers for the final episode.

Asset classes Info

  • Stocks
    100%

Asset class breakdown is aggressively simple: 100% stocks, zero anything else. No bonds, no cash buffer, no alternatives pretending to be clever. For a “balanced” risk score, this is equity-only maximalism wearing a sensible-name badge. Being all-in on stocks means full exposure to market mood swings: when things soar, this rides along; when things crater, there’s nowhere to hide inside the portfolio itself. It’s like going on a road trip with no spare tire — efficient when everything works, stressful when it doesn’t. The so‑called “balance” here comes entirely from diversification within stocks, not from genuinely different asset types.

Sectors Info

  • Technology
    29%
  • Financials
    17%
  • Industrials
    11%
  • Consumer Discretionary
    9%
  • Health Care
    8%
  • Telecommunications
    7%
  • Energy
    5%
  • Basic Materials
    5%
  • Consumer Staples
    4%
  • Utilities
    3%
  • Real Estate
    2%

Sector-wise, the portfolio is clearly worshipping at the altar of Technology, which sits at 29% and dominates the lineup. Financials and Industrials try to act like grown‑ups at 17% and 11%, but this is still a tech‑centric show. This mirrors common global indexes, just with the volume turned slightly up on the tech darlings, thanks to those cap‑weighted giants. Having tech as the lead actor works great when innovation stocks are in fashion, and feels brutal when valuation hangovers hit. Meanwhile, boringly useful areas like Utilities and Real Estate sit in the 2–3% corner, making sure nobody accuses this portfolio of being *too* diversified.

Regions Info

  • North America
    57%
  • Europe Developed
    16%
  • Asia Developed
    12%
  • Asia Emerging
    9%
  • Latin America
    3%
  • Japan
    2%
  • Africa/Middle East
    1%
  • Europe Emerging
    1%
  • Australasia
    1%

Geographically, this is a “world” portfolio that clearly believes the world starts and ends in North America at 57%. Europe Developed scrapes together 16%, and all of Asia combined (developed plus emerging) limps in under a quarter. Latin America and Africa/Middle East show up as token entries so the brochure can say “global.” This is basically standard index bias: it follows where market cap lives, which currently means “US plus side dishes.” Nothing shocking, just very benchmark‑ish. The portfolio is globally sprinkled, but not globally balanced; if North American markets sneeze, the whole thing catches a cold.

Market capitalization Info

  • Mega-cap
    51%
  • Large-cap
    35%
  • Mid-cap
    14%

Market cap tilt is unapologetically top-heavy: 51% mega‑cap, 35% large‑cap, and a token 14% mid‑cap. This is the classic “own the giants” approach, where the world’s biggest companies drive most of the action. It’s like investing in a sports league by only backing the top three teams and a handful of mid‑table stragglers. That’s great while the champions stay champions, but it means the portfolio’s behavior is tightly tied to how a relatively small group of massive firms performs. Don’t expect much from smaller, potentially mispriced areas of the market — they’re basically background extras in this script.

True holdings Info

  • NVIDIA Corporation
    4.15%
    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
    3.65%
    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.
    2.67%
    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
  • Microsoft Corporation
    2.63%
    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
  • Amazon.com Inc
    1.97%
    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
    1.63%
    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
    1.40%
    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
    1.35%
    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.
    1.22%
    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
    1.03%
    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 21.70%

Look‑through holdings scream “big tech fan club.” NVIDIA, Apple, TSMC, Microsoft, Amazon, Alphabet (twice), Broadcom, Meta, Tesla — this is the usual mega‑cap celebrity guest list. And that’s just from roughly 29% coverage of the ETFs’ top 10s, so the true overlap is probably higher. When the same names appear inside multiple funds, you get sneaky concentration: it feels like four funds, but the core risk circles around a dozen giants. If those stars have a bad year, several ETFs sulk at the same time. It’s diversification by logo, not by underlying drivers, and the portfolio leans hard on a surprisingly small set of companies.

Risk contribution Info

  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    Weight: 40.00%
    39.3%
  • SPDR S&P 500 UCITS ETF USD Acc EUR
    Weight: 30.00%
    30.8%
  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
    Weight: 20.00%
    20.5%
  • iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Acc)
    Weight: 10.00%
    9.4%

Risk contribution is refreshingly boring: weights and risk are almost perfectly aligned. The all‑world ETF at 40% delivers about 39% of risk, the S&P 500 at 30% contributes ~31%, EM value at 20% adds ~21%, and European momentum at 10% gives ~9%. No small rogue position secretly swinging the portfolio around. But the top three holdings still drive over 90% of the total risk, so this is basically a three‑engine plane with a decorative fourth. The structure is tidy, but there’s no subtle risk engineering here — just broad beta, slightly refitted with factor trimmings. Stability depends almost entirely on those big building blocks behaving reasonably.

Redundant positions Info

  • SPDR S&P 500 UCITS ETF USD Acc EUR
    SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    High correlation

The correlation section very politely points out the obvious: the S&P 500 ETF and the global ACWI ETF move almost identically. Shocking news — owning “the world” plus “the US” that already dominates “the world” is not the height of originality. Highly correlated assets are like having two umbrellas that both break in the same storm: it feels like backup until you actually need it. In calm or rising markets, this overlap is harmless filler. In a real drawdown, the two biggest positions will likely sink and bounce together, offering more psychological comfort than real diversification.

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 actually behaves like it passed the exam. It sits on or very near the efficient frontier: for these particular holdings, the current mix gets pretty solid bang for its volatility buck. The Sharpe ratio of 1.31 isn’t as good as the mathematically optimal version at 1.77, but that optimized mix also cranks risk and return higher. The minimum variance option slightly improves Sharpe with barely less risk. Translation: with just these funds, the allocation isn’t dumb — it’s actually pretty coherent. The roasting angle is that “efficient” doesn’t mean “thoughtful”; it just means the chosen ingredients are arranged reasonably well.

Ongoing product costs Info

  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD 0.40%
  • iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Acc) 0.25%
  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF 0.45%
  • Weighted costs total (per year) 0.28%

Costs are one of the few places this portfolio doesn’t make life harder than it needs to be. A blended TER of 0.28% is perfectly respectable, even with that 0.45% ACWI fund lounging around like a slightly overpriced guest. You’re not getting bargain‑basement rock‑bottom fees, but it’s far from daylight robbery. Think economy class with a mildly annoying booking fee — not first‑class pricing for a middle seat. Given everything is just broad index and factor exposure, cheaper equivalents probably exist, but at this level costs aren’t what’s going to make or break long‑term outcomes. At least the leak in the bucket is small.

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