IAEX.AS - 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)

15.4% p.a.

5-Year Horizon

Max Drawdown (5Y)

-24.2%

Deepest Drawdown

Sharpe Ratio

0.34

Moderate (0.0 - 0.5)

Rec. Holding Period

5 - 10+ Years

Investment Horizon

Elevated Risk / Growth: Score Basis:

Diversification Score

High Concentration (> 50%)

68 / 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

74.5%

Focused

Effective Holdings

~17

of 31 holdings

Top Sector

22.4%

Technology

Top Region / Country

58.9%

Netherlands

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	—	—	—	+16.7%
3 Years	13.2%	-16.1%	1	+15.7%
5 Years	15.4%	-24.2%	0.34	+7.7%
10 Years	16.0%	-35.5%	0.43	+9.4%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 16.0

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (17.8 analysts)

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

⚠️ Single-country focus: 59% in "Netherlands".

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 54% of forward growth.

⚠️ Elevated Commodity Sensitivity: 23% of fund depends directly on energy and raw material prices (oil, metals, basic materials).

⚠️ Elevated Regulatory & Policy Risk: 39% in heavily regulated industries (defense, regulated utilities, healthcare policy).