Europe Top 15
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
ASML.AS ASML Holding NV | Technology | 6.67% |
AZN.L AstraZeneca plc | Healthcare | 6.67% |
HSBA.L HSBC Holdings plc | Financial Services | 6.67% |
MC.PA LVMH Moët Hennessy - Louis Vuitton, Société Européenne | Consumer Cyclical | 6.67% |
NESN.SW Nestlé S.A. | Consumer Defensive | 6.67% |
NOV.DE Novo Nordisk A/S | Healthcare | 6.67% |
NOVN.SW Novartis AG | Healthcare | 6.67% |
OR.PA L'Oréal S.A. | Consumer Defensive | 6.67% |
ROG.SW Roche Holding AG | Healthcare | 6.67% |
SAP.DE SAP SE | Technology | 6.67% |
SHELL.AS Shell plc | Energy | 6.67% |
SIE.DE Siemens Aktiengesellschaft | Industrials | 6.67% |
SU.PA Schneider Electric S.E. | Industrials | 6.67% |
TTE.PA TotalEnergies SE | Energy | 6.67% |
UNA.AS Unilever PLC | Consumer Defensive | 6.67% |
Performance
Performance Chart
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The earliest data available for this chart is Nov 19, 2001, corresponding to the inception date of NOV.DE
Returns By Period
As of Jun 2, 2025, the Europe Top 15 returned 12.56% Year-To-Date and 12.94% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.51% | 3.96% | -2.00% | 12.02% | 14.19% | 10.85% |
| Europe Top 15 | 12.56% | 1.47% | 9.97% | 3.50% | 16.72% | 12.94% |
| Portfolio components: | ||||||
NOV.DE Novo Nordisk A/S | -17.49% | 2.89% | -32.95% | -46.40% | 18.76% | 14.99% |
ASML.AS ASML Holding NV | 6.16% | 7.86% | 7.11% | -20.70% | 19.05% | 22.38% |
NESN.SW Nestlé S.A. | 33.40% | 0.63% | 27.29% | 4.32% | 2.61% | 6.27% |
AZN.L AstraZeneca plc | 11.79% | 1.10% | 8.31% | -5.14% | 8.87% | 11.45% |
SHELL.AS Shell plc | 8.64% | 1.15% | 4.24% | -4.05% | 20.78% | 6.67% |
MC.PA LVMH Moët Hennessy - Louis Vuitton, Société Européenne | -16.26% | -3.13% | -11.27% | -30.24% | 7.39% | 13.64% |
NOVN.SW Novartis AG | 20.66% | 0.32% | 11.83% | 14.64% | 11.26% | 7.11% |
SAP.DE SAP SE | 23.82% | 1.19% | 27.98% | 69.12% | 21.11% | 16.98% |
ROG.SW Roche Holding AG | 17.97% | -2.03% | 14.97% | 30.22% | 1.94% | 4.28% |
HSBA.L HSBC Holdings plc | 24.46% | 5.70% | 31.02% | 40.98% | 27.33% | 7.71% |
TTE.PA TotalEnergies SE | 9.15% | 2.01% | 3.71% | -14.91% | 16.58% | 7.69% |
SIE.DE Siemens Aktiengesellschaft | 25.36% | 1.39% | 26.96% | 28.64% | 22.81% | 13.44% |
UNA.AS Unilever PLC | 13.75% | 1.53% | 7.99% | 20.67% | 8.04% | 8.03% |
SU.PA Schneider Electric S.E. | 2.52% | 4.87% | -0.73% | 3.63% | 22.81% | 15.99% |
OR.PA L'Oréal S.A. | 21.57% | -3.18% | 23.76% | -12.27% | 9.69% | 10.32% |
Monthly Returns
The table below presents the monthly returns of Europe Top 15, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 6.25% | 3.12% | -1.16% | 0.63% | 3.30% | 12.56% | |||||||
| 2024 | 1.38% | 2.25% | 2.85% | 0.62% | 3.76% | 0.51% | 1.18% | 3.35% | -2.43% | -5.61% | -2.76% | -2.30% | 2.35% |
| 2023 | 7.97% | -1.56% | 5.25% | 6.12% | -3.57% | 3.45% | 1.56% | -2.87% | -2.47% | -3.02% | 8.87% | 4.83% | 26.12% |
| 2022 | -3.63% | -2.01% | 2.20% | -4.72% | 1.28% | -7.57% | 5.41% | -6.21% | -6.13% | 6.74% | 14.31% | -1.18% | -3.67% |
| 2021 | -0.39% | 1.43% | 3.10% | 5.15% | 3.69% | 1.17% | 1.70% | 2.23% | -3.42% | 5.96% | -3.90% | 6.98% | 25.71% |
| 2020 | -3.22% | -7.76% | -4.31% | 3.35% | 3.94% | 5.22% | 2.53% | 2.53% | -2.19% | -5.88% | 15.82% | 4.40% | 13.00% |
| 2019 | 4.37% | 4.43% | 3.65% | 3.35% | -2.73% | 7.78% | -2.49% | -1.03% | 2.33% | 3.68% | 2.11% | 3.56% | 32.51% |
| 2018 | 4.81% | -5.63% | 2.46% | 3.80% | -1.09% | -0.41% | 5.65% | -1.51% | -0.16% | -6.12% | 1.22% | -3.93% | -1.73% |
| 2017 | 0.79% | 2.95% | 4.90% | 3.85% | 5.72% | -0.87% | 1.40% | 1.77% | 4.22% | 1.66% | 0.17% | 1.29% | 31.41% |
| 2016 | -3.28% | -1.10% | 4.11% | 2.03% | 1.80% | -0.72% | 4.79% | -0.13% | 0.16% | -4.50% | -1.87% | 5.68% | 6.61% |
| 2015 | 0.49% | 3.87% | -0.75% | 4.00% | -0.97% | -4.26% | 3.10% | -7.17% | -2.92% | 6.50% | -0.54% | -1.78% | -1.25% |
| 2014 | -3.31% | 7.27% | 0.02% | 3.68% | 0.45% | 1.39% | -2.77% | 1.07% | -2.58% | -1.87% | 2.28% | -3.36% | 1.74% |
Expense Ratio
Europe Top 15 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Europe Top 15 is 7, meaning it’s performing worse than 93% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
NOV.DE Novo Nordisk A/S | -1.07 | -1.69 | 0.78 | -0.83 | -1.42 |
ASML.AS ASML Holding NV | -0.49 | -0.66 | 0.91 | -0.60 | -0.90 |
NESN.SW Nestlé S.A. | 0.27 | 0.23 | 1.03 | 0.03 | 0.07 |
AZN.L AstraZeneca plc | -0.14 | -0.24 | 0.97 | -0.28 | -0.49 |
SHELL.AS Shell plc | -0.15 | 0.08 | 1.01 | -0.05 | -0.12 |
MC.PA LVMH Moët Hennessy - Louis Vuitton, Société Européenne | -0.89 | -1.40 | 0.84 | -0.73 | -1.64 |
NOVN.SW Novartis AG | 0.76 | 0.84 | 1.12 | 0.61 | 1.29 |
SAP.DE SAP SE | 2.24 | 3.11 | 1.39 | 3.15 | 13.95 |
ROG.SW Roche Holding AG | 1.28 | 1.51 | 1.22 | 0.80 | 3.10 |
HSBA.L HSBC Holdings plc | 1.64 | 2.06 | 1.33 | 1.98 | 9.60 |
TTE.PA TotalEnergies SE | -0.54 | -0.57 | 0.92 | -0.47 | -1.02 |
SIE.DE Siemens Aktiengesellschaft | 0.85 | 1.34 | 1.16 | 1.00 | 3.41 |
UNA.AS Unilever PLC | 1.04 | 1.30 | 1.18 | 0.35 | 2.20 |
SU.PA Schneider Electric S.E. | 0.09 | 0.35 | 1.05 | 0.10 | 0.29 |
OR.PA L'Oréal S.A. | -0.38 | -0.52 | 0.94 | -0.40 | -0.63 |
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Dividends
Dividend yield
Europe Top 15 provided a 2.91% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.91% | 2.86% | 2.79% | 2.78% | 2.36% | 2.59% | 2.90% | 3.50% | 3.07% | 3.27% | 3.38% | 3.10% |
| Portfolio components: | ||||||||||||
NOV.DE Novo Nordisk A/S | 0.33% | 0.21% | 0.14% | 0.16% | 0.17% | 0.27% | 0.28% | 3.65% | 0.31% | 0.49% | 0.17% | 0.23% |
ASML.AS ASML Holding NV | 0.98% | 0.92% | 0.87% | 1.28% | 0.47% | 0.64% | 1.19% | 1.02% | 0.83% | 0.98% | 0.85% | 0.68% |
NESN.SW Nestlé S.A. | 3.48% | 4.01% | 3.03% | 2.61% | 2.16% | 2.59% | 2.34% | 2.94% | 2.74% | 3.08% | 2.95% | 2.95% |
AZN.L AstraZeneca plc | 2.29% | 2.23% | 2.21% | 1.98% | 2.33% | 2.95% | 2.87% | 3.44% | 4.28% | 4.50% | 3.95% | 3.73% |
SHELL.AS Shell plc | 4.41% | 4.21% | 3.86% | 3.56% | 3.61% | 5.72% | 6.43% | 6.24% | 5.96% | 6.55% | 8.08% | 5.12% |
MC.PA LVMH Moët Hennessy - Louis Vuitton, Société Européenne | 2.72% | 2.05% | 1.70% | 1.76% | 0.96% | 0.90% | 1.50% | 2.09% | 1.71% | 1.98% | 2.28% | 3.58% |
NOVN.SW Novartis AG | 3.72% | 3.72% | 3.77% | 3.91% | 3.94% | 3.72% | 3.27% | 3.98% | 3.98% | 4.35% | 3.58% | 3.17% |
SAP.DE SAP SE | 0.88% | 0.93% | 1.47% | 2.54% | 1.48% | 1.47% | 1.25% | 1.61% | 1.34% | 1.39% | 1.50% | 1.72% |
ROG.SW Roche Holding AG | 3.65% | 3.76% | 3.89% | 3.20% | 2.40% | 2.91% | 2.77% | 3.41% | 3.33% | 3.48% | 2.89% | 2.89% |
HSBA.L HSBC Holdings plc | 5.82% | 6.10% | 6.80% | 4.11% | 3.54% | 0.00% | 6.79% | 5.83% | 5.18% | 5.79% | 6.12% | 4.88% |
TTE.PA TotalEnergies SE | 6.12% | 5.73% | 4.64% | 6.26% | 5.92% | 7.59% | 3.94% | 5.46% | 5.36% | 5.01% | 5.91% | 5.69% |
SIE.DE Siemens Aktiengesellschaft | 2.46% | 2.49% | 2.50% | 3.09% | 2.29% | 3.32% | 3.62% | 4.21% | 3.44% | 3.32% | 4.07% | 3.55% |
UNA.AS Unilever PLC | 3.19% | 3.16% | 3.89% | 3.64% | 3.63% | 3.31% | 3.16% | 3.21% | 2.95% | 3.23% | 2.92% | 3.46% |
SU.PA Schneider Electric S.E. | 1.76% | 1.45% | 1.73% | 2.22% | 1.51% | 2.16% | 2.57% | 3.68% | 2.88% | 3.03% | 3.65% | 3.09% |
OR.PA L'Oréal S.A. | 1.88% | 1.93% | 1.33% | 1.44% | 0.96% | 1.24% | 1.46% | 1.76% | 1.78% | 1.79% | 1.74% | 1.79% |
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 Europe Top 15. 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 Europe Top 15 was 46.90%, occurring on Mar 9, 2009. Recovery took 394 trading sessions.
The current Europe Top 15 drawdown is 1.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.9% | Dec 11, 2007 | 317 | Mar 9, 2009 | 394 | Sep 20, 2010 | 711 |
| -28.36% | Jan 20, 2020 | 43 | Mar 18, 2020 | 87 | Jul 21, 2020 | 130 |
| -22.97% | Jan 6, 2022 | 186 | Sep 26, 2022 | 73 | Jan 6, 2023 | 259 |
| -21.97% | May 4, 2011 | 110 | Oct 4, 2011 | 216 | Aug 6, 2012 | 326 |
| -19.8% | May 20, 2015 | 174 | Jan 20, 2016 | 287 | Mar 1, 2017 | 461 |
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 15 assets, with an effective number of assets of 15.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
| ^GSPC | NOV.DE | AZN.L | ROG.SW | NESN.SW | HSBA.L | UNA.AS | NOVN.SW | SHELL.AS | ASML.AS | TTE.PA | SAP.DE | OR.PA | SU.PA | SIE.DE | MC.PA | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.20 | 0.29 | 0.24 | 0.23 | 0.40 | 0.25 | 0.26 | 0.33 | 0.40 | 0.37 | 0.39 | 0.36 | 0.43 | 0.43 | 0.42 | 0.49 |
| NOV.DE | 0.20 | 1.00 | 0.31 | 0.29 | 0.24 | 0.17 | 0.30 | 0.32 | 0.24 | 0.28 | 0.26 | 0.34 | 0.35 | 0.31 | 0.31 | 0.32 | 0.50 |
| AZN.L | 0.29 | 0.31 | 1.00 | 0.47 | 0.38 | 0.38 | 0.33 | 0.52 | 0.28 | 0.28 | 0.30 | 0.33 | 0.37 | 0.34 | 0.35 | 0.36 | 0.55 |
| ROG.SW | 0.24 | 0.29 | 0.47 | 1.00 | 0.55 | 0.30 | 0.32 | 0.63 | 0.27 | 0.27 | 0.30 | 0.34 | 0.36 | 0.33 | 0.32 | 0.35 | 0.55 |
| NESN.SW | 0.23 | 0.24 | 0.38 | 0.55 | 1.00 | 0.31 | 0.43 | 0.58 | 0.28 | 0.26 | 0.32 | 0.33 | 0.45 | 0.34 | 0.33 | 0.39 | 0.55 |
| HSBA.L | 0.40 | 0.17 | 0.38 | 0.30 | 0.31 | 1.00 | 0.29 | 0.34 | 0.44 | 0.36 | 0.47 | 0.38 | 0.38 | 0.47 | 0.47 | 0.47 | 0.60 |
| UNA.AS | 0.25 | 0.30 | 0.33 | 0.32 | 0.43 | 0.29 | 1.00 | 0.36 | 0.37 | 0.34 | 0.40 | 0.44 | 0.57 | 0.41 | 0.42 | 0.47 | 0.60 |
| NOVN.SW | 0.26 | 0.32 | 0.52 | 0.63 | 0.58 | 0.34 | 0.36 | 1.00 | 0.31 | 0.30 | 0.35 | 0.37 | 0.40 | 0.36 | 0.36 | 0.38 | 0.60 |
| SHELL.AS | 0.33 | 0.24 | 0.28 | 0.27 | 0.28 | 0.44 | 0.37 | 0.31 | 1.00 | 0.38 | 0.81 | 0.43 | 0.43 | 0.46 | 0.52 | 0.47 | 0.65 |
| ASML.AS | 0.40 | 0.28 | 0.28 | 0.27 | 0.26 | 0.36 | 0.34 | 0.30 | 0.38 | 1.00 | 0.42 | 0.57 | 0.49 | 0.56 | 0.56 | 0.56 | 0.67 |
| TTE.PA | 0.37 | 0.26 | 0.30 | 0.30 | 0.32 | 0.47 | 0.40 | 0.35 | 0.81 | 0.42 | 1.00 | 0.48 | 0.50 | 0.55 | 0.59 | 0.55 | 0.71 |
| SAP.DE | 0.39 | 0.34 | 0.33 | 0.34 | 0.33 | 0.38 | 0.44 | 0.37 | 0.43 | 0.57 | 0.48 | 1.00 | 0.57 | 0.59 | 0.63 | 0.60 | 0.73 |
| OR.PA | 0.36 | 0.35 | 0.37 | 0.36 | 0.45 | 0.38 | 0.57 | 0.40 | 0.43 | 0.49 | 0.50 | 0.57 | 1.00 | 0.57 | 0.58 | 0.68 | 0.75 |
| SU.PA | 0.43 | 0.31 | 0.34 | 0.33 | 0.34 | 0.47 | 0.41 | 0.36 | 0.46 | 0.56 | 0.55 | 0.59 | 0.57 | 1.00 | 0.73 | 0.66 | 0.77 |
| SIE.DE | 0.43 | 0.31 | 0.35 | 0.32 | 0.33 | 0.47 | 0.42 | 0.36 | 0.52 | 0.56 | 0.59 | 0.63 | 0.58 | 0.73 | 1.00 | 0.66 | 0.78 |
| MC.PA | 0.42 | 0.32 | 0.36 | 0.35 | 0.39 | 0.47 | 0.47 | 0.38 | 0.47 | 0.56 | 0.55 | 0.60 | 0.68 | 0.66 | 0.66 | 1.00 | 0.79 |
| Portfolio | 0.49 | 0.50 | 0.55 | 0.55 | 0.55 | 0.60 | 0.60 | 0.60 | 0.65 | 0.67 | 0.71 | 0.73 | 0.75 | 0.77 | 0.78 | 0.79 | 1.00 |