XNTK - 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)

29.2% p.a.

5-Year Horizon

Max Drawdown (5Y)

-48.6%

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

Focused (35% – 50%)

37 / 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

48.5%

Focused

Effective Holdings

~30

of 36 holdings

Top Sector

83.2%

Technology

Top Region / Country

90.2%

United States

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.

High Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+35.3%
3 Years	27.2%	-28.1%	1.38	+40%
5 Years	29.2%	-48.6%	0.58	+19.3%
10 Years	28.6%	-48.6%	0.62	+20.3%

Notes & Warnings

⚠️ Elevated valuation: Avg P/E of 31.5

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🟢 High institutional analyst coverage (37.1 analysts)

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

🔴 Severe sector concentration risk: 83% in "Technology".

⚠️ Industry concentration: 41% in "Semiconductors".

🔴 Non-UCITS Fund: Cannot be purchased directly via EU brokers under PRIIPs rules. Trading requires tokenized assets (e.g. Robinhood) or US access.

ℹ️ Tech-Capex Exposure: 64% in semiconductors & hardware – dependent on hyperscaler capex cycles.

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (29.2% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -48.6% in the extended horizon.