EXA1.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)

25.0% p.a.

5-Year Horizon

Max Drawdown (5Y)

-34.0%

Deepest Drawdown

Sharpe Ratio

1.15

Excellent (> 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

74.8%

Focused

Effective Holdings

~17

of 29 holdings

Top Sector

100.0%

Financial Services

Top Region / Country

31.2%

Spain

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

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+29.9%
3 Years	22.2%	-19.4%	1.93	+45.4%
5 Years	25.0%	-34.0%	1.15	—
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 11.3

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (14.2 analysts)

🔴 Extreme top 10 holdings concentration: 75% of fund in top 10 positions.

🔴 Severe sector concentration risk: 100% in "Financial Services".

⚠️ Industry concentration: 35% in "Banks - Diversified".

🔴 Extreme industry concentration: 64% in "Banks - Regional".

🔴 Dominant Cyclicality: 100% in cyclical industries – higher drawdown risk in recessions.

⚠️ Elevated Interest Rate Sensitivity: 100% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Elevated Regulatory & Policy Risk: 100% in heavily regulated industries (defense, regulated utilities, healthcare policy).