HMAD.L - 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 (5Y)

22.4% p.a.

5-Year Horizon

Max Drawdown (5Y)

-40.2%

Deepest Drawdown

Sharpe Ratio

0.35

Moderate (0.0 - 0.5)

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

48.9%

Focused

Effective Holdings

~41

of 827 holdings

Top Sector

54.1%

Technology

Top Region / Country

35.5%

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	—	—	—	+33.1%
3 Years	22.4%	-19.6%	1.22	+30%
5 Years	22.4%	-40.2%	0.35	+10.3%
10 Years	21.0%	-50.0%	0.33	+9.5%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 17.2

Solid fund volume

🟢 High institutional analyst coverage (21.8 analysts)

⚠️ Elevated top 10 holdings concentration: 49% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 98% Emerging Markets.

🔴 Severe sector concentration risk: 54% in "Technology".

⚠️ Industry concentration: 33% in "Semiconductors".

ℹ️ Tech-Capex Exposure: 56% in semiconductors & hardware – dependent on hyperscaler capex cycles.

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -50.0% in the extended horizon.