VGEK.DE - Risk

Risk & Diversification Scores

Transparent evaluation of price volatility (SRI) and 4-dimensional portfolio diversification.

Volatility Risk Score

5/7 Elevated

5 / 7 SRI PRIIPs Risk Class

Above-average volatility. Suitable for experienced investors with high risk tolerance (5+ years horizon).

Volatility (5Y)

18.5% p.a.

5-Year Horizon

Max Drawdown (5Y)

-19.7%

Deepest Drawdown

Sharpe Ratio

0.58

Good (0.5 - 1.0)

Rec. Holding Period

5 - 10+ Years

Investment Horizon

Elevated Risk / Growth: Score Basis:

Diversification Score

Focused (35% – 50%)

48 / 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

46%

Focused

Effective Holdings

~46

of 361 holdings

Top Sector

34.7%

Technology

Top Region / Country

48.6%

South Korea

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	—	—	—	+52.9%
3 Years	20.5%	-19.7%	1.13	+25.6%
5 Years	18.5%	-19.7%	0.58	+13.2%
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 17.2

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (19.8 analysts)

⚠️ Elevated top 10 holdings concentration: 46% of fund in top 10 positions.

⚠️ Single-country focus: 49% in "South Korea".

⚠️ Elevated emerging markets risk: 98% Emerging Markets.

⚠️ Sector concentration: 35% in "Technology".

⚠️ Growth estimates are concentrated: Top 3 growth drivers account for 59% of forward growth.

⚠️ Elevated Economic Cyclicality: 62% in cyclical industries – more vulnerable to economic downturns.

ℹ️ Tech-Capex Exposure: 36% in semiconductors & hardware – dependent on hyperscaler capex cycles.

⚠️ Elevated Regulatory & Policy Risk: 40% in heavily regulated industries (defense, regulated utilities, healthcare policy).