SEMI.AS - Risk

Risk & Diversification Scores

Transparent evaluation of price volatility (SRI) and 4-dimensional portfolio diversification.

Volatility Risk Score

7/7 Very High

7 / 7 SRI PRIIPs Risk Class

Very high volatility or fundamental risks. Significant loss potential; strictly for aggressive investors.

Volatility (5Y)

33.4% p.a.

5-Year Horizon

Max Drawdown (5Y)

-45.3%

Deepest Drawdown

Sharpe Ratio

0.96

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

8 / 100 Portfolio Diversification

4 Dimensions: Holdings (30%) • Sectors (25%) • Industries (25%) • Regions (20%)

High concentration risk: A few heavyweights drive the majority of fund value.

Top 10 Holdings

61.2%

Focused

Effective Holdings

~26

of 258 holdings

Top Sector

99.8%

Technology

Top Region / Country

63.2%

United States

Elevated concentration in top individual holdings, leading sectors, or key regions.

Multi-Horizon Risk & Performance Matrix

Historical volatility, drawdowns, and risk-adjusted return across 1, 3, 5, and 10 years.

Stable Long-Term Volatility High Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+109.5%
3 Years	34.4%	-38.2%	1.7	+60.9%
5 Years	33.4%	-45.3%	0.96	+34.5%
10 Years	—	—	—	—

Notes & Warnings

⚠️ Elevated valuation: Avg P/E of 35.8

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🟢 High institutional analyst coverage (32.6 analysts)

🔴 Extreme top 10 holdings concentration: 61% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 29% Emerging Markets.

🔴 Severe sector concentration risk: 100% in "Technology".

🔴 Extreme industry concentration: 72% in "Semiconductors".

ℹ️ Tech-Capex Exposure: 100% in semiconductors & hardware – dependent on hyperscaler capex cycles.

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (33.4% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -45.3% in the extended horizon.