MIBX.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)

20.2% p.a.

5-Year Horizon

Max Drawdown (5Y)

-27.5%

Deepest Drawdown

Sharpe Ratio

0.60

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

56 / 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

71.5%

Focused

Effective Holdings

~19

of 41 holdings

Top Sector

50.1%

Financial Services

Top Region / Country

93.7%

Italy

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	—	—	—	+11.3%
3 Years	19.4%	-15.6%	0.97	+21.3%
5 Years	20.2%	-27.5%	0.6	+14.7%
10 Years	20.7%	-36.6%	0.42	+11.3%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 0.2

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (14.6 analysts)

🔴 Extreme top 10 holdings concentration: 72% of fund in top 10 positions.

🔴 High single-country risk: 94% of portfolio in "Italy".

🔴 Severe sector concentration risk: 50% in "Financial Services".

⚠️ Industry concentration: 43% in "Banks - Regional".

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 45% of forward growth.

🔴 Dominant Cyclicality: 70% in cyclical industries – higher drawdown risk in recessions.

⚠️ Elevated Interest Rate Sensitivity: 74% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Elevated Regulatory & Policy Risk: 85% in heavily regulated industries (defense, regulated utilities, healthcare policy).