IAUP.L - 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)

37.0% p.a.

5-Year Horizon

Max Drawdown (5Y)

-44.9%

Deepest Drawdown

Sharpe Ratio

0.58

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

1 / 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

60.6%

Focused

Effective Holdings

~26

of 81 holdings

Top Sector

99.4%

Basic Materials

Top Region / Country

54.4%

Canada

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.

Volatility Expansion (3Y > 5Y) High Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+11.4%
3 Years	39.1%	-37.6%	1.17	+48.4%
5 Years	37.0%	-44.9%	0.58	+24.1%
10 Years	35.1%	-51.3%	0.36	+15.2%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 13.9

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (10.9 analysts)

🔴 Extreme top 10 holdings concentration: 61% of fund in top 10 positions.

⚠️ Single-country focus: 54% in "Canada".

🔴 Severe sector concentration risk: 99% in "Basic Materials".

🔴 Extreme industry concentration: 97% in "Gold".

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 58% of forward growth.

🔴 High Commodity Concentration: 100% of fund depends directly on volatile energy and raw material markets.

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

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (37.0% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -51.3% in the extended horizon.