European Top 10

Asset Allocation

Position	Category/Sector	Target Weight
ASML ASML Holding N.V.	Technology	10%
HESAY Hermes International SA	Consumer Cyclical	10%
LRLCY L'Oréal S.A.	Consumer Defensive	10%
LVMUY LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Consumer Cyclical	10%
NSRGY Nestlé S.A.	Consumer Defensive	10%
NVO Novo Nordisk A/S	Healthcare	10%
NVZMY Novozymes AS	Basic Materials	10%
RHHBY Roche Holding AG	Healthcare	10%
SAP SAP SE	Technology	10%
SIEGY Siemens Aktiengesellschaft	Industrials	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in European Top 10, 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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The earliest data available for this chart is May 16, 2014, corresponding to the inception date of SIEGY

Returns By Period

As of Apr 3, 2026, the European Top 10 returned -10.05% Year-To-Date and 14.05% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-4.18%	-3.84%	-1.98%	21.98%	16.86%	10.37%	12.29%
Portfolio European Top 10	-0.66%	-7.01%	-10.05%	-8.81%	2.10%	5.46%	8.12%	14.05%
Portfolio components:
ASML ASML Holding N.V.	-3.13%	-5.87%	23.29%	28.01%	113.73%	26.32%	16.83%	30.54%
LVMUY LVMH Moët Hennessy - Louis Vuitton, Société Européenne	-0.32%	-8.37%	-27.87%	-15.45%	-7.48%	-14.55%	-2.62%	14.95%
RHHBY Roche Holding AG	-1.09%	-11.12%	-0.28%	13.53%	28.50%	15.61%	7.66%	8.10%
SAP SAP SE	0.24%	-12.17%	-29.29%	-36.51%	-34.45%	12.19%	8.09%	9.54%
NVO Novo Nordisk A/S	1.37%	-0.59%	-24.78%	-35.82%	-42.32%	-20.60%	3.97%	5.03%
HESAY Hermes International SA	-0.58%	-14.60%	-22.29%	-24.13%	-24.92%	-0.94%	12.11%	19.52%
NSRGY Nestlé S.A.	-0.81%	-5.91%	-1.02%	5.12%	-3.96%	-4.56%	-0.03%	6.48%
SIEGY Siemens Aktiengesellschaft	-1.61%	-9.91%	-10.20%	-11.30%	16.05%	17.70%	10.73%	13.21%
LRLCY L'Oréal S.A.	0.00%	-5.47%	-3.55%	-6.71%	8.91%	-1.59%	3.03%	10.99%
NVZMY Novozymes AS	-0.52%	6.03%	-4.92%	-1.06%	4.63%	7.56%	0.19%	4.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 19, 2014, European Top 10's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, your investment would double in approximately 5.4 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +17.3%, while the worst month was Mar 2026 at -11.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, European Top 10 closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +8.3%, while the worst single day was Mar 12, 2020 at -8.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.28%	-2.36%	-11.01%	0.24%									-10.05%
2025	7.90%	3.50%	-4.30%	3.91%	3.31%	0.50%	-8.12%	5.44%	1.59%	1.19%	2.18%	2.19%	19.92%
2024	1.94%	6.12%	1.98%	-4.89%	4.57%	0.80%	-0.77%	4.49%	-0.85%	-8.77%	-3.72%	-1.25%	-1.36%
2023	11.76%	-4.21%	9.61%	4.76%	-3.34%	2.53%	1.17%	-4.46%	-7.16%	0.70%	12.09%	5.07%	29.63%
2022	-10.39%	-5.14%	2.38%	-6.63%	-2.14%	-7.39%	9.40%	-8.09%	-7.53%	7.62%	17.26%	-4.35%	-17.34%
2021	-0.04%	1.87%	2.94%	8.56%	5.43%	1.89%	3.89%	2.72%	-7.77%	8.99%	-0.02%	4.88%	37.50%

Benchmark Metrics

European Top 10 has an annualized alpha of 3.61%, beta of 0.80, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since May 19, 2014.

This portfolio generated an annualized alpha of 3.61% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 3.61%

Beta: 0.80

R²: 0.57

Upside Capture: 100.20%

Downside Capture: 95.36%

Expense Ratio

European Top 10 has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

European Top 10 ranks 5 for risk / return — in the bottom 5% 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.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	0.03	0.88	-0.85
Sortino ratio Return per unit of downside risk	0.19	1.37	-1.18
Omega ratio Gain probability vs. loss probability	1.02	1.21	-0.19
Calmar ratio Return relative to maximum drawdown	0.04	1.39	-1.35
Martin ratio Return relative to average drawdown	0.12	6.43	-6.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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
ASML ASML Holding N.V.	92	2.37	2.97	1.38	5.58	15.42
LVMUY LVMH Moët Hennessy - Louis Vuitton, Société Européenne	25	-0.32	-0.24	0.97	-0.32	-0.84
RHHBY Roche Holding AG	70	1.07	1.69	1.21	1.30	4.25
SAP SAP SE	6	-1.11	-1.51	0.80	-0.76	-1.73
NVO Novo Nordisk A/S	10	-0.80	-0.97	0.87	-0.78	-1.35
HESAY Hermes International SA	9	-0.85	-1.13	0.87	-0.70	-1.72
NSRGY Nestlé S.A.	35	-0.03	0.12	1.02	-0.05	-0.09
SIEGY Siemens Aktiengesellschaft	46	0.22	0.53	1.07	0.37	1.21
LRLCY L'Oréal S.A.	49	0.31	0.66	1.08	0.62	1.46
NVZMY Novozymes AS	42	0.17	0.44	1.06	0.18	0.36

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

European Top 10 Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 0.03
5-Year: 0.41
10-Year: 0.74
All Time: 0.66

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.98 to 1.66, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of European Top 10 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

European Top 10 provided a 2.52% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.52%	1.98%	2.05%	1.84%	1.83%	1.19%	2.27%	1.59%	1.98%	2.79%	3.15%	2.96%
Portfolio components:
ASML ASML Holding N.V.	0.71%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
LVMUY LVMH Moët Hennessy - Louis Vuitton, Société Européenne	2.66%	1.92%	2.14%	1.65%	1.78%	0.99%	1.64%	1.49%	2.21%	2.67%	4.16%	12.95%
RHHBY Roche Holding AG	3.20%	2.69%	3.87%	3.55%	3.23%	1.57%	1.66%	1.70%	3.58%	3.25%	3.57%	2.91%
SAP SAP SE	1.48%	1.05%	0.97%	1.41%	2.05%	1.56%	1.31%	1.27%	1.73%	0.87%	1.08%	1.11%
NVO Novo Nordisk A/S	4.87%	3.31%	1.68%	1.00%	1.20%	1.35%	1.87%	2.14%	1.45%	1.52%	2.87%	0.92%
HESAY Hermes International SA	1.63%	1.18%	1.13%	0.67%	0.57%	0.31%	0.46%	0.68%	0.91%	1.55%	1.81%	2.54%
NSRGY Nestlé S.A.	3.47%	3.44%	4.01%	2.86%	2.57%	2.18%	2.34%	2.28%	3.12%	5.64%	6.54%	3.13%
SIEGY Siemens Aktiengesellschaft	2.57%	1.94%	2.64%	2.43%	2.42%	1.81%	10.83%	2.44%	2.86%	6.82%	5.76%	2.87%
LRLCY L'Oréal S.A.	1.85%	1.79%	2.02%	1.29%	1.53%	1.00%	1.14%	1.48%	1.91%	3.34%	3.87%	1.87%
NVZMY Novozymes AS	2.73%	1.51%	1.03%	2.68%	1.68%	0.69%	0.91%	1.03%	1.10%	1.64%	0.95%	0.60%

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 European Top 10. 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 European Top 10 was 33.49%, occurring on Sep 27, 2022. Recovery took 142 trading sessions.

The current European Top 10 drawdown is 16.11%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-33.49%	Nov 19, 2021	214	Sep 27, 2022	142	Apr 21, 2023	356
-25.12%	Feb 20, 2020	20	Mar 18, 2020	50	May 29, 2020	70
-19.03%	Jan 28, 2026	37	Mar 20, 2026	—	—	—
-16.63%	Sep 3, 2024	150	Apr 8, 2025	41	Jun 6, 2025	191
-16.59%	Aug 30, 2018	80	Dec 24, 2018	58	Mar 20, 2019	138

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 10 assets, with an effective number of assets of 10.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	NVO	NVZMY	RHHBY	NSRGY	HESAY	ASML	SIEGY	SAP	LRLCY	LVMUY	Portfolio
Benchmark	1.00	0.38	0.32	0.35	0.31	0.41	0.66	0.59	0.60	0.48	0.54	0.68
NVO	0.38	1.00	0.32	0.39	0.29	0.28	0.32	0.31	0.35	0.35	0.32	0.58
NVZMY	0.32	0.32	1.00	0.31	0.34	0.34	0.31	0.36	0.36	0.39	0.36	0.58
RHHBY	0.35	0.39	0.31	1.00	0.51	0.30	0.29	0.29	0.34	0.37	0.33	0.55
NSRGY	0.31	0.29	0.34	0.51	1.00	0.36	0.26	0.30	0.34	0.51	0.39	0.56
HESAY	0.41	0.28	0.34	0.30	0.36	1.00	0.43	0.45	0.45	0.53	0.66	0.69
ASML	0.66	0.32	0.31	0.29	0.26	0.43	1.00	0.53	0.55	0.43	0.51	0.70
SIEGY	0.59	0.31	0.36	0.29	0.30	0.45	0.53	1.00	0.57	0.50	0.58	0.71
SAP	0.60	0.35	0.36	0.34	0.34	0.45	0.55	0.57	1.00	0.51	0.53	0.72
LRLCY	0.48	0.35	0.39	0.37	0.51	0.53	0.43	0.50	0.51	1.00	0.63	0.74
LVMUY	0.54	0.32	0.36	0.33	0.39	0.66	0.51	0.58	0.53	0.63	1.00	0.78
Portfolio	0.68	0.58	0.58	0.55	0.56	0.69	0.70	0.71	0.72	0.74	0.78	1.00

The correlation results are calculated based on daily price changes starting from May 19, 2014

European Top 10

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table