Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | Global Equities | 55% |
SGLN.L iShares Physical Gold ETC | Gold, Precious Metals, Commodities | 35% |
BTCE.DE ETC Group Physical Bitcoin | Cryptocurrency | 5% |
MSTR Strategy Inc | Technology | 5% |
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Performance Chart
The chart shows the growth of an initial investment of £10,000 in 2025 concentrated, 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 3 months.
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Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.59% | -0.30% | 9.11% | 8.58% | 25.88% | 16.96% | 13.00% | 14.19% |
Portfolio 2025 concentrated | 2.04% | -5.10% | 3.21% | 2.99% | 17.23% | 26.94% | 18.05% | — |
| Portfolio components: | ||||||||
BTCE.DE ETC Group Physical Bitcoin | -3.72% | -21.26% | -27.62% | -30.02% | -40.04% | 28.21% | 10.53% | — |
MSTR Strategy Inc | 3.27% | -33.71% | -18.00% | -29.92% | -67.22% | 60.17% | 20.37% | 21.54% |
SGLN.L iShares Physical Gold ETC | 2.90% | -9.54% | -1.83% | -1.90% | 24.78% | 26.65% | 18.64% | 13.01% |
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 1.65% | 0.42% | 10.60% | 11.30% | 28.03% | 17.31% | 12.04% | — |
Monthly Returns
Based on dividend-adjusted daily data since Jun 18, 2020, 2025 concentrated's average daily return is +0.08%, while the average monthly return is +1.63%. At this rate, an investment would double in approximately 3.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Mar 2024 with a return of +11.2%, while the worst month was Mar 2026 at -7.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, 2025 concentrated closed higher 55% of trading days. The best single day was Nov 16, 2023 with a return of +8.2%, while the worst single day was Nov 17, 2023 at -7.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.49% | 2.95% | -7.11% | 5.16% | 3.17% | -4.79% | 3.21% | ||||||
| 2025 | 6.92% | -4.27% | -0.49% | 1.41% | 2.51% | 1.29% | 5.31% | -0.78% | 6.35% | 4.21% | -0.96% | -0.45% | 22.45% |
| 2024 | -0.50% | 8.64% | 11.19% | -1.79% | 1.99% | 1.65% | 1.69% | -1.65% | 2.78% | 7.36% | 8.25% | -3.02% | 41.77% |
| 2023 | 9.39% | -0.84% | 3.96% | 0.11% | -0.35% | 1.03% | 2.98% | -1.87% | -0.59% | 3.99% | 2.87% | 5.34% | 28.67% |
| 2022 | -5.56% | 2.29% | 5.35% | -2.46% | -4.19% | -4.77% | 7.10% | -0.41% | -2.02% | 0.01% | -0.94% | -1.95% | -8.05% |
| 2021 | 3.60% | 0.51% | 3.23% | 2.88% | -2.07% | 1.70% | 1.30% | 3.67% | -2.37% | 4.55% | 1.68% | -1.55% | 18.22% |
Benchmark Metrics
2025 concentrated has an annualized alpha of 14.91%, beta of 0.40, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since June 18, 2020.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.19%) than losses (56.74%) - typical of diversified or defensive assets.
- Beta of 0.40 may look defensive, but with R2 of 0.20 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 0.20 means this portfolio moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 14.91%
- Beta
- 0.40
- R²
- 0.20
- Upside Capture
- 98.19%
- Downside Capture
- 56.74%
Expense Ratio
2025 concentrated has an expense ratio of 0.26%, 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
Risk / Return Rank
2025 concentrated ranks 20 for risk / return — in the bottom 20% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for 2025 concentrated and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 1.27 | 2.12 | -0.85 |
| Sortino ratioReturn per unit of downside risk | 1.77 | 2.74 | -0.97 |
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.11 | -1.40 |
| Martin ratioReturn relative to average drawdown | 5.91 | 11.46 | -5.55 |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | 2 | -1.02 | -1.50 | 0.84 | -0.81 | -1.41 |
MSTR Strategy Inc | 8 | -0.96 | -1.72 | 0.82 | -0.87 | -1.26 |
SGLN.L iShares Physical Gold ETC | 31 | 1.09 | 1.48 | 1.22 | 1.13 | 3.51 |
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 85 | 2.54 | 3.51 | 1.48 | 3.82 | 15.17 |
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Dividends
Dividend yield
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 2025 concentrated. 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 2025 concentrated was 15.38%, occurring on Jun 16, 2022. Recovery took 216 trading sessions.
The current 2025 concentrated drawdown is 6.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.38%Jun 2022 | 7mo 6d | 10mo 6d | 1y 5moNov 2021 - Apr 2023 |
2021 correction2021 | -11.72%Mar 2021 | 23d | 5mo 21d | 6mo 14dFeb 2021 - Aug 2021 |
2025 selloff2025 | -11.69%Apr 2025 | 1mo 25d | 2mo 10d | 4mo 5dFeb 2025 - Jun 2025 |
2026 pullback2026 | -9.82%Mar 2026 | 23d | 1mo 16d | 2mo 9dMar 2026 - May 2026 |
2026 pullback2026 | -8.19%Jun 2026 | 26d | — | 1mo 1dMay 2026 - now |
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 4 assets, with an effective number of assets of 2.33, reflecting the diversification based on asset allocation. Your allocation shows noticeable concentration: a few holdings carry significantly more weight than the rest. Rebalancing toward more even weights — or adding less correlated assets — could reduce risk.
Diversification Ratio
1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
Diversification Ratio | 1.47 | 1.62 | 1.63 | 1.64 |
The portfolio has a diversification ratio of 1.64, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
2025 concentrated correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.45 |
Benchmark Correlations
Correlation vs. S&P 500 Index. VWRP.L has the highest benchmark correlation at 0.57, while SGLN.L has the lowest at 0.01.
Asset Correlations Table
Find what 2025 concentrated is missing
See which holdings overlap, where 2025 concentrated is concentrated, and which low-correlation assets could fill the gaps.
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