EXCD.AS - Risk

Risk & Diversification Scores

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

Volatility Risk Score

6/7 High

6 / 7 SRI PRIIPs Risk Class

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

Volatility (3Y)

22.2% p.a.

Fallback

Max Drawdown (3Y)

-20.4%

Fallback

Sharpe Ratio

1.07

Excellent (> 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

Focused (35% – 50%)

48 / 100 Portfolio Diversification

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

Focused weighting: Top holdings drive a major share of fund returns.

Top 10 Holdings

46.7%

Focused

Effective Holdings

~45

of 559 holdings

Top Sector

49.9%

Technology

Top Region / Country

34.3%

Taiwan

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.

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+42.4%
3 Years	22.2%	-20.4%	1.07	—
5 Years	—	—	—	—
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 19.1

🟢 Established large fund (> 500M € AUM)

🟢 High institutional analyst coverage (23.2 analysts)

⚠️ Elevated top 10 holdings concentration: 47% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 90% Emerging Markets.

⚠️ Sector concentration: 50% in "Technology".

⚠️ Industry concentration: 31% in "Semiconductors".

ℹ️ Tech-Capex Exposure: 54% in semiconductors & hardware – dependent on hyperscaler capex cycles.