US equity index core with balanced style tilts and moderate diversification beyond the domestic market
Report created on Sep 28, 2026Risk profile
5/7
Diversification profile
3/5
Positions
-
FX Fidelity 500 Index Fund
FXAIX - US3159117502 65.00% -
FZ FIDELITY ZERO INTERNATIONAL INDEX FUND
FZILX - US31635T6091 15.00% -
SC Schwab U.S. Dividend Equity ETF
SCHD - US8085247976 10.00% -
SP Invesco S&P 500® Momentum ETF
SPMO - US46138E3392 10.00%
This portfolio is a simple, stock‑only mix anchored by one large US index fund at 65% of the weight. Around 15% goes to a broad international index, while the remaining 20% is split between a US dividend ETF and a US momentum ETF. So most of the exposure tracks broad markets, with smaller satellite positions that lean into specific styles. This structure matters because a single core holding largely drives the overall behavior, while the add‑ons gently shift income and growth characteristics. The growth‑oriented risk score of 5/7 lines up with being 100% in equities. Overall, it’s a straightforward, mainly US‑focused equity blend with a few targeted tilts layered on top.
Backtest and Monte Carlo forecast
How this exact mix would have done against benchmarks, and the range of outcomes ahead.
Analyze my own portfolio — freeAsset classes
- Stocks 100%
All of the portfolio is in stocks, with 0% in bonds, cash, or alternative assets. Being 100% in equities is what drives the “growth” risk classification and the higher risk score of 5/7. Stocks historically have offered higher returns than bonds or cash, but with bigger and faster price swings. That’s why drawdowns like the ‑33% move in early 2020 show up so clearly here. Compared with a typical multi‑asset mix that includes bonds for ballast, this setup is more exposed to equity market cycles. The flip side is that there’s no explicit drag from lower‑return assets, so long‑run growth depends almost entirely on how global stock markets behave.
Sectors
- Technology 34%
- Financials 13%
- Health Care 10%
- Industrials 9%
- Telecommunications 9%
- Consumer Discretionary 7%
- Consumer Staples 6%
- Energy 5%
- Basic Materials 2%
- Utilities 2%
- Real Estate 2%
- Consumer Discretionary 1%
Sector‑wise, the portfolio leans heavily into technology at 34%, with financials, health care, and industrials forming the next tier. Smaller allocations go to telecoms, consumer areas, energy, materials, utilities, and real estate. Compared with broad global benchmarks, this looks reasonably aligned but a bit more tech‑tilted, which is common for US‑centric portfolios. Tech and related areas can drive strong growth in good times but often react more sharply to changes in interest rates or sentiment about innovation. The presence of dividend and momentum strategies also adds some subtle sector flavor, since high‑dividend and high‑momentum stocks often cluster in different parts of the market at different times.
Regions
- North America 86%
- Europe Developed 6%
- Asia Developed 3%
- Japan 2%
- Asia Emerging 2%
- Australasia 1%
Geographically, about 86% of the portfolio is in North America, with the rest spread across Europe, developed Asia, Japan, and emerging Asia in small slices. This is a noticeable home bias toward the US compared with global equity benchmarks, where the US typically sits closer to 60% of total market value. A strong US tilt has helped over the last decade because US markets outpaced many other regions. The trade‑off is that economic, political, and currency risks are more tied to a single country and currency. The international index slice still adds some global diversification, but the overall behavior will be dominated by US market moves.
Market capitalization
- Mega-cap 41%
- Large-cap 39%
- Mid-cap 18%
- Small-cap 1%
By market cap, the portfolio is dominated by mega‑ and large‑cap companies, together making up about 80% of exposure, with some mid‑cap and minimal small‑cap allocation. Market capitalization just means the total value of a company’s stock, and larger firms tend to be more stable and widely followed. This structure is very similar to broad market indices, which are naturally dominated by the biggest names. It usually means lower company‑specific risk than a small‑cap‑heavy portfolio but can miss some of the higher growth potential (and volatility) found in smaller firms. Overall, this cap profile aligns well with mainstream index investing practices.
True holdings
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MU Micron Technology Inc 0.97%
Part of fund(s):- Invesco S&P 500® Momentum ETF
-
AA Apple Inc. 0.91%
Part of fund(s):- Invesco S&P 500® Momentum ETF
-
AM Advanced Micro Devices Inc 0.57%
Part of fund(s):- Invesco S&P 500® Momentum ETF
-
IN Intel Corporation 0.56%
Part of fund(s):- Invesco S&P 500® Momentum ETF
-
GO Alphabet Inc Class A 0.48%
Part of fund(s):- Invesco S&P 500® Momentum ETF
-
QC Qualcomm Incorporated 0.47%
Part of fund(s):- Schwab U.S. Dividend Equity ETF
-
JN Johnson & Johnson 0.45%
Part of fund(s):- Invesco S&P 500® Momentum ETF
-
TX Texas Instruments Incorporated 0.44%
Part of fund(s):- Schwab U.S. Dividend Equity ETF
-
PG Procter & Gamble Company 0.41%
Part of fund(s):- Schwab U.S. Dividend Equity ETF
-
KO The Coca-Cola Company 0.41%
Part of fund(s):- Schwab U.S. Dividend Equity ETF
- Top 10 total 5.66%
Looking through the ETF and fund holdings, the top identified underlying positions are large, well‑known companies like Micron, Apple, AMD, Intel, Alphabet, and Johnson & Johnson, each at well under 1% of the total portfolio. Because only ETF top‑10 holdings are captured, this analysis covers less than 10% of the portfolio, so hidden overlaps are likely understated. Still, it shows that exposure is spread across multiple big names rather than dominated by a single stock. Some companies, especially major tech and consumer brands, appear in more than one fund, which can quietly increase concentration, but at these low percentages the overlap remains moderate.
Factors
Factor exposure across value, size, momentum, quality, and low volatility sits broadly in the “neutral” band, meaning it behaves a lot like the overall market on these characteristics. Factor exposures are like the underlying flavors—such as value or momentum—that explain why certain groups of stocks move together. The only mild tilt here is lower yield at 35%, despite having a dedicated dividend ETF. That suggests the big core index positions anchor the overall yield to something close to a standard broad market. In practice, this portfolio is not strongly leaning into any classic factor style, so its behavior should be similar to a broad equity index.
Risk contribution
-
Fidelity 500 Index Fund
Weight: 65.00% 68.2% -
FIDELITY ZERO INTERNATIONAL INDEX FUND
Weight: 15.00% 12.5% -
Invesco S&P 500® Momentum ETF
Weight: 10.00% 10.9% -
Schwab U.S. Dividend Equity ETF
Weight: 10.00% 8.4%
Risk contribution shows how much each holding actually drives the portfolio’s ups and downs, which can differ from simple weight. The 65% US index fund contributes about 68% of total risk, very close to its size, making it the main engine. The international fund and the dividend ETF each contribute slightly less risk than their weights imply, while the momentum ETF contributes slightly more. Overall, the top three holdings account for roughly 92% of portfolio risk, reflecting a concentrated core with modest satellites. This pattern is common in simple index‑plus‑tilt setups: one big building block sets most of the risk profile, with smaller satellites tweaking it at the edges.
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 risk‑return chart shows the current portfolio below the efficient frontier, meaning it’s not making the most of its holdings at this risk level. The efficient frontier is the curve of the best possible trade‑offs between risk (volatility) and return using just the existing ingredients in different weights. The current Sharpe ratio, a measure of return earned per unit of risk, is 0.61. The optimal mix of these same funds would reach a Sharpe of 0.87, while even the minimum‑volatility mix lands at 0.65. This suggests that simply reweighting among the four current holdings could deliver better risk‑adjusted results without adding anything new.
Dividends
- Fidelity 500 Index Fund 1.00%
- FIDELITY ZERO INTERNATIONAL INDEX FUND 2.30%
- Schwab U.S. Dividend Equity ETF 3.20%
- Invesco S&P 500® Momentum ETF 0.70%
- Weighted yield (per year) 1.38%
The overall dividend yield is about 1.38%, with the dedicated dividend ETF providing the highest yield around 3.2%, and the international index also above the portfolio average. Dividend yield is the annual cash payout as a percentage of price, and over time it can be an important part of total return, especially when reinvested. Here, the yield is modest because the largest holding, the US index fund, has a relatively low payout, consistent with the growth tilt of large US companies. So the portfolio still leans more toward price appreciation than income, with dividends playing a supporting rather than central role.
Ongoing product costs
- Fidelity 500 Index Fund 0.02%
- Schwab U.S. Dividend Equity ETF 0.06%
- Invesco S&P 500® Momentum ETF 0.13%
- Weighted costs total (per year) 0.03%
Costs are impressively low, with a total expense ratio (TER) of about 0.03%. TER is the annual fee the funds charge, expressed as a percentage of assets, and it quietly compounds over time. In this lineup, the biggest holding has a 0.02% fee, the international fund is effectively zero‑fee, while the dividend and momentum ETFs are still very inexpensive by industry standards. Low fees mean more of the portfolio’s gross return stays in the investor’s pocket year after year. From a structural standpoint, cost efficiency is a real strength here and aligns well with best practices in long‑term index‑oriented investing.
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