HTWO.MI - 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)

-57.6%

Deepest Drawdown

Sharpe Ratio

-0.10

Negative (< 0.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

Focused (35% – 50%)

66 / 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

47.9%

Focused

Effective Holdings

~27

of 30 holdings

Top Sector

47.4%

Industrials

Top Region / Country

28.2%

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.

Stable Long-Term Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+16.4%
3 Years	27.3%	-29.6%	0.57	+18.1%
5 Years	27.3%	-57.6%	-0.1	-0.3%
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 21.7

Solid fund volume

🟡 Moderate analyst coverage (12.3 analysts)

⚠️ Elevated top 10 holdings concentration: 48% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 34% Emerging Markets.

⚠️ Sector concentration: 47% in "Industrials".

⚠️ Elevated Commodity Sensitivity: 29% of fund depends directly on energy and raw material prices (oil, metals, basic materials).

🔴 Dominant Cyclicality: 88% in cyclical industries – higher drawdown risk in recessions.

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -57.6% in the extended horizon.