EMHD.PA - Risk

Risk & Diversification Scores

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

Volatility Risk Score

5/7 Elevated

5 / 7 SRI PRIIPs Risk Class

Above-average volatility. Suitable for experienced investors with high risk tolerance (5+ years horizon).

Volatility (5Y)

16.5% p.a.

5-Year Horizon

Max Drawdown (5Y)

-27.9%

Deepest Drawdown

Sharpe Ratio

-0.09

Negative (< 0.0)

Rec. Holding Period

5 - 10+ Years

Investment Horizon

Elevated Risk / Growth: Score Basis:

Diversification Score

Broadly Diversified (< 35%)

48 / 100 Portfolio Diversification

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

High risk diversification: No dependency on individual heavyweights.

Top 10 Holdings

16.6%

Low Concentration

Effective Holdings

~156

of 201 holdings

Top Sector

25.0%

Financial Services

Top Region / Country

27.4%

China

Excellent multi-dimensional diversification across holdings, industries, and geographies.

Multi-Horizon Risk & Performance Matrix

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

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+20.7%
3 Years	17.0%	-16.5%	0.42	+9.7%
5 Years	16.5%	-27.9%	-0.09	+1%
10 Years	17.7%	-41.4%	-0.1	+0.7%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 8.4

🟢 Balanced position distribution (< 35% in Top 10)

Solid fund volume

🔴 Low analyst coverage (6.6 analysts, higher growth estimate uncertainty)

⚠️ Elevated emerging markets risk: 93% Emerging Markets.

⚠️ Elevated Commodity Sensitivity: 27% of fund depends directly on energy and raw material prices (oil, metals, basic materials).

⚠️ Elevated Economic Cyclicality: 64% in cyclical industries – more vulnerable to economic downturns.

⚠️ Elevated Interest Rate Sensitivity: 52% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Elevated Regulatory & Policy Risk: 70% in heavily regulated industries (defense, regulated utilities, healthcare policy).