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Confident one trick equity pony cosplaying as diversified world portfolio

Report created on May 13, 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 four funds in a trench coat pretending to be complex. It’s basically “world index plus a double scoop of value” with a big US bias and zero attempt at anything beyond equities. The structure screams spreadsheet simplicity rather than careful design: 40% global, 30% US, then two 15% factor side quests. It looks diversified at first glance, but under the hood it’s the same global equity crowd showing up in slightly different costumes. This kind of setup often feels safer than it really is because the tickers are numerous, yet the underlying drivers of return are heavily overlapping and very dependent on global stock markets staying friendly.

Growth Info

Historically, this thing has been on a heater. Turning €1,000 into €1,737 in about two and a half years with a 24.5% CAGR is not shy. It even beat both the US market and global market by roughly 3.7–3.9 percentage points a year, which is… not normal. But that max drawdown of almost -21% shows the other side of the party. This is still full‑fat equity volatility. Also, this period has been very kind to tech, US stocks, and certain value tilts. Past data is like yesterday’s weather forecast: nice to look at when it’s sunny, useless for guaranteeing next season won’t be a washout.

Projection Info

The Monte Carlo projection is basically a thousand alternate timelines for this portfolio. The median ending value of €2,799 after 15 years turns €1,000 into something nice, but not yacht money. The “likely” band from about €1,811 to €4,239 politely reminds that outcomes can be very meh or very decent with the same starting point. The fun part: there’s also a 5% chance you end up roughly where you started at €992 and a 5% shot at over €7,000. That 74% chance of a positive return is good, but not magic. Simulations are still educated guessing with a calculator, not prophecy.

Asset classes Info

  • Stocks
    100%

Asset class breakdown: 100% stocks, 0% everything else. This isn’t a balanced portfolio; it’s an equity portfolio wearing a “balanced” name tag at a conference. There’s no bonds, no cash, no alternatives, nothing that usually acts like a shock absorber when markets have a tantrum. That’s fine if the idea is to ride the equity roller coaster and stop pretending otherwise. But calling this mix “balanced” is like calling a double espresso a “hydration strategy.” All the risk and return is coming from the same engine, which means when stocks get punched, the entire portfolio steps into the ring with them.

Sectors Info

  • Technology
    33%
  • Financials
    15%
  • Consumer Discretionary
    9%
  • Industrials
    9%
  • Telecommunications
    8%
  • Health Care
    8%
  • Energy
    5%
  • Consumer Staples
    4%
  • Basic Materials
    4%
  • Utilities
    2%
  • Real Estate
    2%

Sector exposure is basically “tech and friends featuring some supporting actors.” With about a third in technology, this portfolio is heavily tied to one theme: the assumption that the future continues to belong to high‑growth, high‑margin, code‑heavy businesses. Financials, industrials, and consumer names do show up, but they’re background noise next to the tech megaphones. This tilt has been great recently, which explains a chunk of the outperformance, but it doubles as a very specific bet on how the world economy evolves. If tech ever falls out of fashion for more than five minutes, the portfolio doesn’t really have a plan B.

Regions Info

  • North America
    64%
  • Asia Developed
    10%
  • Europe Developed
    10%
  • Asia Emerging
    7%
  • Japan
    5%
  • Latin America
    2%
  • Africa/Middle East
    1%
  • Australasia
    1%
  • Europe Emerging
    1%

Geographically, this is “America plus a world tourist visa.” Around 64% sits in North America, and then the rest gets sprinkled across developed and emerging markets like seasoning. For a so‑called global setup, the home base is very obvious. US outperformance in recent years makes that look smart, but it also bakes in a ton of dependence on one region’s policies, currency, and corporate landscape. The emerging and non‑US developed allocations exist, but they’re more side dishes than real co‑stars. This isn’t global diversification in spirit; it’s “the US drives, everyone else sits in the back seat.”

Market capitalization Info

  • Mega-cap
    48%
  • Large-cap
    36%
  • Mid-cap
    15%
  • Small-cap
    1%

Market cap exposure is unapologetically top heavy, with nearly half in mega‑caps and another third in large‑caps. Mid‑caps mop up most of what’s left and small‑caps are basically an afterthought at 1%. This is the classic “buy the winners that already won” tilt. It lowers single‑company blow‑up risk, sure, but it also makes the portfolio extremely sensitive to the moods of giant corporations that already dominate every index. If the mega‑cap darlings ever move sideways for years, the portfolio is chained to that drift. It’s less a broad equity buffet and more an all‑you‑can‑eat blue‑chip dinner.

True holdings Info

  • NVIDIA Corporation
    4.22%
    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
    3.60%
    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
    2.63%
    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.
    2.22%
    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
    2.11%
    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)
  • Alphabet Inc Class A
    1.79%
    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
    1.54%
    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
    1.47%
    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)
  • Meta Platforms Inc.
    1.21%
    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)
  • Tesla Inc
    0.99%
    Part of fund(s):
    • LS 1x Tesla Tracker ETP Securities GBP
    • 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 21.78%

The look‑through holdings list reads like the Magnificent Seven fan club brochure. NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta, Tesla — all heavily present via multiple ETFs. The overlap is doing a lot of hidden concentration work here. Different funds, same celebrities on stage. And this is only from ETF top‑10 data, so the real duplication is probably higher. So while the ticker list gives a sense of variety, the actual portfolio is basically a bet that a small group of giant names continues to do the heavy lifting. It’s index investing with a crush on the world’s most expensive poster children.

Risk contribution Info

  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF
    Weight: 40.00%
    39.8%
  • State Street SPDR S&P 500 UCITS ETF (Acc)
    Weight: 30.00%
    31.4%
  • iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc) USD
    Weight: 15.00%
    15.2%
  • iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) EUR
    Weight: 15.00%
    13.5%

Risk contribution is where the illusion of “four equal pillars” dies. The top three positions alone are responsible for over 86% of total portfolio risk. The global ACWI ETF and the S&P 500 ETF together are basically the entire volatility story; the two value satellites are spectators by comparison. Risk contribution measures which holdings actually move the needle on returns and drawdowns, not just how big they look in percent terms. Here, the core index funds are driving nearly all the drama, with one of the value funds even under‑punching its weight. It’s a “core and satellite” structure where the satellites are mostly decorative.

Redundant positions Info

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

Correlation in this portfolio is not subtle. The S&P 500 fund and the global ACWI fund are moving “almost identically,” which is a polite way of saying the portfolio is paying twice for very similar market exposure. Correlation is just a fancy word for “these things usually go up and down together.” When two big holdings are nearly clones behavior‑wise, they don’t smooth the ride; they just amplify the same story. So in a real equity selloff, this isn’t a team of diversifiers; it’s a choir all singing the same sad song in perfect harmony.

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 is like an athlete jogging a few lanes away from the track. Same holdings, but the current mix lands about 3.5 percentage points below the best risk‑return combo available. The Sharpe ratio of 1.4 versus a potential 1.96 is a big gap; that’s a lot of missed efficiency for no new ingredients. The minimum variance version even manages less risk with a better Sharpe than what’s currently chosen. In plain English, the portfolio is working harder than it needs to for the return it’s getting. It’s not a disaster, just objectively leaving free optimization on the table.

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%
  • SSgA SPDR ETFs Europe I Public Limited Company - SPDR MSCI ACWI UCITS ETF 0.45%
  • Weighted costs total (per year) 0.28%

Costs are the one area where this portfolio doesn’t embarrass itself. A total TER around 0.28% for a factor‑flavored global equity mix is acceptable, even if not rock‑bottom. The ACWI ETF at 0.45% is the obvious diva in the lineup, while the value funds and S&P 500 ETF drag the blended cost back down. It’s basically paying mid‑shelf prices for mostly standard index exposure with a bit of factor seasoning. Could it be cheaper? Absolutely. Is it offensively expensive? Not really. Fees are under control enough that the bigger sins here are about structure and concentration, not ongoing cost bleed.

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