EL46.DE - 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)

358.9% p.a.

5-Year Horizon

Max Drawdown (5Y)

-91.6%

Deepest Drawdown

Sharpe Ratio

-0.02

Negative (< 0.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

High Concentration (> 50%)

48 / 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

51.3%

Focused

Effective Holdings

~36

of 165 holdings

Top Sector

26.7%

Consumer Cyclical

Top Region / Country

87.2%

China

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	—	—	—	-22%
3 Years	463.4%	-91.6%	0.01	+4.8%
5 Years	358.9%	-91.6%	-0.02	-4.7%
10 Years	438.3%	-92.7%	-0.01	+0.1%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 11.1

Solid fund volume

🟡 Moderate analyst coverage (15.6 analysts)

⚠️ Elevated top 10 holdings concentration: 51% of fund in top 10 positions.

🔴 High single-country risk: 87% of portfolio in "China".

⚠️ Elevated emerging markets risk: 96% Emerging Markets.

🔴 Growth estimates are hyper-concentrated: Top 3 growth drivers account for 71% of total forward growth.

⚠️ Elevated Economic Cyclicality: 56% in cyclical industries – more vulnerable to economic downturns.

⚠️ Elevated Regulatory & Policy Risk: 59% in heavily regulated industries (defense, regulated utilities, healthcare policy).

⚠️ Elevated Short-Term Volatility: 3Y volatility (463.4%) is noticeably higher than the 5Y average (358.9%).

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (358.9% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -92.7% in the extended horizon.