Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc | Government Bonds | 10% |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | Emerging Markets Bonds | 10% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | Emerging Markets Equities | 10% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | Global Equities | 45% |
PPFB.DE iShares Physical Gold ETC | Precious Metals | 15% |
PR1H.DE Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc | Short-Term Bond | 10% |
Performance
Performance Chart
The chart shows the growth of an initial investment of €10,000 in 2026-test18bis, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every year.
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The earliest data available for this chart is Jul 29, 2025, corresponding to the inception date of CEMF.DE
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.56% | -2.80% | -2.10% | -0.42% | 8.95% | 14.67% | 10.82% | 12.14% |
Portfolio 2026-test18bis | -0.44% | -2.68% | 1.03% | 5.16% | — | — | — | — |
| Portfolio components: | ||||||||
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.02% | -1.96% | -1.51% | 1.55% | 12.11% | 14.89% | — | — |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | -1.38% | -1.95% | 4.94% | 7.88% | 24.91% | 13.90% | 4.36% | 7.84% |
PPFB.DE iShares Physical Gold ETC | -1.78% | -8.47% | 8.00% | 23.43% | 40.20% | 30.19% | — | — |
PR1H.DE Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc | 0.08% | 0.16% | 0.42% | 0.87% | 1.82% | 2.73% | 1.33% | — |
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc | 0.00% | -1.68% | -0.73% | -0.41% | — | — | — | — |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | -0.21% | -0.39% | 0.44% | 0.67% | 1.34% | 5.12% | 3.68% | — |
Monthly Returns
Based on dividend-adjusted daily data since Jul 30, 2025, 2026-test18bis's average daily return is +0.06%, while the average monthly return is +1.01%. At this rate, your investment would double in approximately 5.7 years.
Historically, 90% of months were positive and 10% were negative. The best month was Oct 2025 with a return of +3.6%, while the worst month was Mar 2026 at -4.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 1 months.
On a daily basis, 2026-test18bis closed higher 55% of trading days. The best single day was Apr 1, 2026 with a return of +1.8%, while the worst single day was Mar 19, 2026 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.64% | 2.18% | -4.93% | 1.33% | 1.03% | ||||||||
| 2025 | 0.34% | 0.24% | 3.51% | 3.55% | 0.55% | 0.72% | 9.18% |
Benchmark Metrics
2026-test18bis has an annualized alpha of 14.13%, beta of 0.37, and R² of 0.33 versus S&P 500 Index. Calculated based on daily prices since July 30, 2025.
- This portfolio captured 133.83% of S&P 500 Index gains but only 24.34% of its losses — a favorable profile for investors.
- Beta of 0.37 may look defensive, but with R² of 0.33 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.33 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 14.13%
- Beta
- 0.37
- R²
- 0.33
- Upside Capture
- 133.83%
- Downside Capture
- 24.34%
Expense Ratio
2026-test18bis has an expense ratio of 0.15%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Return / Risk — by metrics
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 53 | 0.75 | 1.09 | 1.17 | 2.66 | 10.09 |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 74 | 1.35 | 1.85 | 1.26 | 2.81 | 10.38 |
PPFB.DE iShares Physical Gold ETC | 80 | 1.68 | 2.16 | 1.32 | 2.63 | 9.92 |
PR1H.DE Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc | 99 | 4.27 | 7.07 | 2.04 | 15.88 | 86.67 |
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc | — | — | — | — | — | — |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 25 | 0.61 | 0.90 | 1.11 | 0.81 | 1.56 |
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Dividends
Dividend yield
2026-test18bis provided a 0.48% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Portfolio | 0.48% | 0.60% | 0.54% | 0.26% |
| Portfolio components: | ||||
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 1.06% | 1.33% | 1.20% | 0.58% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
PPFB.DE iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% |
PR1H.DE Amundi US Treasury Bond 0-1Y UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% |
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the 2026-test18bis. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 2026-test18bis was 5.91%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current 2026-test18bis drawdown is 4.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.91% | Mar 3, 2026 | 19 | Mar 27, 2026 | — | — | — |
| -2.29% | Nov 13, 2025 | 4 | Nov 18, 2025 | 24 | Dec 22, 2025 | 28 |
| -1.66% | Oct 21, 2025 | 14 | Nov 7, 2025 | 3 | Nov 12, 2025 | 17 |
| -1.56% | Jan 29, 2026 | 6 | Feb 5, 2026 | 4 | Feb 11, 2026 | 10 |
| -1.39% | Aug 1, 2025 | 1 | Aug 1, 2025 | 15 | Aug 22, 2025 | 16 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 6 assets, with an effective number of assets of 3.77, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | CYBE.AS | CEMF.DE | PR1H.DE | PPFB.DE | EUNM.DE | MWOE.DE | Portfolio | |
|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.11 | -0.14 | 0.05 | 0.17 | 0.52 | 0.67 | 0.52 |
| CYBE.AS | -0.11 | 1.00 | 0.05 | 0.07 | -0.05 | -0.04 | -0.03 | 0.00 |
| CEMF.DE | -0.14 | 0.05 | 1.00 | 0.11 | 0.02 | 0.05 | 0.02 | 0.06 |
| PR1H.DE | 0.05 | 0.07 | 0.11 | 1.00 | 0.05 | 0.15 | 0.15 | 0.16 |
| PPFB.DE | 0.17 | -0.05 | 0.02 | 0.05 | 1.00 | 0.31 | 0.23 | 0.66 |
| EUNM.DE | 0.52 | -0.04 | 0.05 | 0.15 | 0.31 | 1.00 | 0.69 | 0.75 |
| MWOE.DE | 0.67 | -0.03 | 0.02 | 0.15 | 0.23 | 0.69 | 1.00 | 0.80 |
| Portfolio | 0.52 | 0.00 | 0.06 | 0.16 | 0.66 | 0.75 | 0.80 | 1.00 |