SPOL.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)

27.3% p.a.

5-Year Horizon

Max Drawdown (5Y)

-46.3%

Deepest Drawdown

Sharpe Ratio

0.50

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

54 / 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

85.9%

Focused

Effective Holdings

~13

of 16 holdings

Top Sector

46.6%

Financial Services

Top Region / Country

89.5%

Poland

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	—	—	—	+42.5%
3 Years	24.3%	-19.5%	1.43	+37.3%
5 Years	27.3%	-46.3%	0.5	+16.3%
10 Years	25.4%	-56.6%	0.27	+9.4%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 12.1

🟢 Established large fund (> 500M € AUM)

🔴 Low analyst coverage (6.1 analysts, higher growth estimate uncertainty)

🔴 Extreme top 10 holdings concentration: 86% of fund in top 10 positions.

🔴 High single-country risk: 90% of portfolio in "Poland".

⚠️ Sector concentration: 47% in "Financial Services".

⚠️ Industry concentration: 39% in "Banks - Regional".

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 62% of forward growth.

⚠️ Elevated Commodity Sensitivity: 26% of fund depends directly on energy and raw material prices (oil, metals, basic materials).

🔴 Dominant Cyclicality: 79% in cyclical industries – higher drawdown risk in recessions.

⚠️ Elevated Interest Rate Sensitivity: 50% in rate-sensitive or leverage-heavy industries (real estate, banks, utilities).

⚠️ Elevated Regulatory & Policy Risk: 65% in heavily regulated industries (defense, regulated utilities, healthcare policy).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -56.6% in the extended horizon.