High growth focused US equity portfolio with strong technology tilt and limited diversification beyond large caps
Report created on Jul 24, 2026Risk profile
5/7
Diversification profile
2/5
Positions
-
SC Schwab U.S. Large-Cap Growth ETF
SCHG - US8085243009 70.00% -
SP Invesco S&P 500® Momentum ETF
SPMO - US46138E3392 30.00%
This portfolio is very concentrated in just two US stock ETFs: one focused on large-cap growth and one on momentum, with a 70/30 split between them. That means the structure is simple and fully invested in equities, with no bonds, cash, or alternatives in the mix. A setup like this tends to be very focused on share price growth rather than income or stability. The simplicity makes it easy to understand what’s driving returns, but it also means all the ups and downs come from a single asset type. Hidden complexity still exists inside the ETFs, yet at the top level the design is a pure growth equity play.
Growth
From 2016-09-08 to 2026-07-17, a hypothetical $1,000 in this portfolio grew to about $5,470. That’s a Compound Annual Growth Rate (CAGR) of 20.62%, meaning the investment grew like it earned roughly 20.62% per year on average over the whole period. This beat both the US market (16.51% CAGR) and global market (13.45% CAGR) by a solid margin. The worst peak-to-trough drop was about -32%, similar in depth to the benchmarks’ drawdowns. So historically, the portfolio has been rewarded with higher returns for roughly benchmark-level downside. As always, past performance only shows what happened, not what will happen next.
Projection
The Monte Carlo projection uses historical patterns to simulate many possible 15‑year futures for a $1,000 investment. Think of it as running 1,000 alternate timelines based on past ups and downs, then seeing where most of them land. The median outcome is about $2,726, with a “likely” middle band of roughly $1,737–$4,071 and a wide possible range of about $993–$7,529. The average annual return across simulations comes out around 7.93%, and about 72.5% of paths end positive. These numbers highlight how even historically strong portfolios can still have very different future paths. Simulations are useful for framing uncertainty, but they can’t predict new market regimes.
Asset classes
- Stocks 100%
All of this portfolio sits in stocks, with 0% in bonds, cash, or other asset classes. That creates a very “all-in” equity profile, where returns are tightly linked to the stock market’s fortunes. Stocks historically have offered higher long‑term growth than bonds, but with larger short‑term swings. Because there are no lower‑volatility assets alongside them, there’s nothing in the structure intentionally softening equity drawdowns. This is different from a multi‑asset mix where bonds or cash can act as shock absorbers. Here, diversification comes only from owning many different stocks inside the two ETFs, not from mixing different asset classes.
Sectors
- Technology 48%
- Telecommunications 13%
- Consumer Discretionary 9%
- Health Care 8%
- Industrials 8%
- Financials 7%
- Consumer Staples 3%
- Energy 2%
- Basic Materials 1%
- Real Estate 1%
- Utilities 1%
Sector-wise, nearly half of the equity exposure is in technology, with meaningful but smaller allocations to telecommunications, consumer discretionary, health care, industrials, and financials. This is very different from a broad market index, where tech is large but not usually this dominant. A strong tech tilt can supercharge returns when innovative companies are leading the market, but it can also mean sharper drops when interest rates rise or sentiment turns against growth themes. The smaller slices in more defensive areas like utilities, consumer staples, and health care suggest that the portfolio’s behavior will be driven mainly by growth-sensitive, cyclical sectors.
Regions
- North America 100%
Geographically, this portfolio is 100% in North America, specifically US-listed companies. That alignment with the client region can make currency and tax treatment simpler, and US markets have been strong over the last decade. But compared to global benchmarks, which spread across many regions, this is a clear home-country concentration. Economic, political, or regulatory shocks specific to the US would affect almost every holding at once. There’s no offsetting exposure to other major economies built into the structure. So while the geographic picture is very clear and easy to understand, it’s also intentionally narrow relative to a world equity approach.
Market capitalization
- Mega-cap 53%
- Large-cap 33%
- Mid-cap 12%
- Small-cap 1%
By market capitalization, over half the portfolio sits in mega-cap companies, with most of the rest in large caps and only a small slice in mid and small caps. Market cap is basically company size measured by total market value. This skew towards the very largest firms lines up with the focus on big growth and momentum names. Large and mega caps tend to be more established and liquid, which can help with trading and stability compared to tiny stocks. However, the flip side is less exposure to smaller companies, which historically have sometimes delivered different return patterns and can diversify size-related risks.
True holdings
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NV NVIDIA Corporation 9.70%
Part of fund(s):- Invesco S&P 500® Momentum ETF
- Schwab U.S. Large-Cap Growth ETF
-
AA Apple Inc. 7.14%
Part of fund(s):- Schwab U.S. Large-Cap Growth ETF
-
AV Broadcom Inc 4.53%
Part of fund(s):- Invesco S&P 500® Momentum ETF
- Schwab U.S. Large-Cap Growth ETF
-
GO Alphabet Inc Class A 4.34%
Part of fund(s):- Invesco S&P 500® Momentum ETF
- Schwab U.S. Large-Cap Growth ETF
-
MS Microsoft Corporation 4.26%
Part of fund(s):- Schwab U.S. Large-Cap Growth ETF
-
AM Amazon.com Inc 3.52%
Part of fund(s):- Schwab U.S. Large-Cap Growth ETF
-
GO Alphabet Inc Class C 3.48%
Part of fund(s):- Invesco S&P 500® Momentum ETF
- Schwab U.S. Large-Cap Growth ETF
-
AM Advanced Micro Devices Inc 3.07%
Part of fund(s):- Invesco S&P 500® Momentum ETF
- Schwab U.S. Large-Cap Growth ETF
-
MU Micron Technology Inc 2.94%
Part of fund(s):- Invesco S&P 500® Momentum ETF
-
LL Eli Lilly and Company 2.18%
Part of fund(s):- Schwab U.S. Large-Cap Growth ETF
- Top 10 total 45.16%
Looking through the ETFs’ top holdings, a handful of big names drive a lot of exposure. NVIDIA, Apple, Broadcom, Alphabet (both share classes), Microsoft, Amazon, AMD, Micron, and Eli Lilly together already represent a significant slice of the portfolio. Several of these appear across both funds, creating overlap where the same company is owned multiple ways. That overlap can lead to “hidden concentration,” where a stock’s true impact is larger than it looks when just scanning ticker symbols. Coverage here is about 51% of the portfolio, and only for top‑10 ETF holdings, so actual overlap is likely somewhat higher than shown.
Factors
On factor exposure, this portfolio shows low tilts to value, size, and yield, and more neutral readings for momentum, quality, and low volatility. Factors are like underlying “personality traits” of stocks that research links to long‑term returns and risk. A low value score means a bias toward more expensive, growth‑oriented names rather than cheaper ones. Low size exposure aligns with the dominance of large and mega caps. Lower yield fits the emphasis on price appreciation rather than dividends. Overall, the neutral momentum and quality scores suggest the portfolio isn’t extreme on those fronts, but the growth and size tilts give it a distinctly growth-heavy factor profile.
Risk contribution
-
Schwab U.S. Large-Cap Growth ETF
Weight: 70.00% 71.9% -
Invesco S&P 500® Momentum ETF
Weight: 30.00% 28.1%
Risk contribution shows how much each holding adds to the portfolio’s overall ups and downs, which can differ from its weight. Here, the Schwab large-cap growth ETF is 70% of the portfolio and contributes about 71.9% of the total risk—almost exactly in line with its size. The Invesco momentum ETF is 30% of the weight and contributes roughly 28.1% of risk. That balance indicates neither ETF is disproportionately volatile relative to its share of the portfolio. All risk is effectively split between these two positions, so changes in either fund’s volatility or correlation with the other would directly reshape the overall risk profile.
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 efficient frontier analysis shows this portfolio sitting on or very close to the efficient frontier, which is the curve of best possible returns for each risk level using the current holdings. Its Sharpe ratio—risk-adjusted return—is 0.79, while a reweighted “optimal” mix of the same two ETFs reaches about 0.97, and the minimum-variance mix is similar at 0.96. Sharpe ratio compares extra return over a risk‑free rate to volatility. The takeaway is that, given just these two funds, the current weights are already quite efficient. Any improvements from reweighting alone would be modest rather than transformational.
Dividends
- Schwab U.S. Large-Cap Growth ETF 0.40%
- Invesco S&P 500® Momentum ETF 0.70%
- Weighted yield (per year) 0.49%
The portfolio’s overall dividend yield is about 0.49%, with the individual ETFs yielding roughly 0.40% and 0.70%. That’s low compared to broad equity income strategies and fits with the tilt toward growth and momentum, where companies often reinvest profits instead of paying high dividends. Dividends can provide a smoother income stream and contribute meaningfully to total returns over long periods, but they’re just one component of equity performance. In this case, the historical return story has been driven far more by price appreciation than by cash payouts, which matches the growth-focused design seen in factors and sector exposures.
Ongoing product costs
- Schwab U.S. Large-Cap Growth ETF 0.04%
- Invesco S&P 500® Momentum ETF 0.13%
- Weighted costs total (per year) 0.07%
Total ongoing fund costs (TER) for this portfolio are very low at around 0.07% per year, thanks to a 0.04% fee on the Schwab ETF and 0.13% on the Invesco ETF. TER, or Total Expense Ratio, is like a small annual service charge embedded in the fund’s price. Low costs mean less return is eaten up by fees each year, which compounds to a meaningful difference over decades. Relative to many active or specialized funds, these expense levels are impressively low and align with best practices for cost‑efficient investing. Structurally, costs are a clear strength of this portfolio.
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