XCTE.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)

29.8% p.a.

5-Year Horizon

Max Drawdown (5Y)

-46.1%

Deepest Drawdown

Sharpe Ratio

-0.11

Negative (< 0.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: 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

47.3%

Focused

Effective Holdings

~40

of 110 holdings

Top Sector

32.0%

Technology

Top Region / Country

84.2%

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.

Stable Long-Term Volatility High Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	-21.8%
3 Years	27.6%	-23.2%	0.22	+8.7%
5 Years	29.8%	-46.1%	-0.11	—
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 19.3

⚠️ Fund closure risk (< 50M € AUM)

🟡 Moderate analyst coverage (8.3 analysts)

⚠️ Elevated top 10 holdings concentration: 47% of fund in top 10 positions.

🔴 High single-country risk: 84% of portfolio in "China".

⚠️ Elevated emerging markets risk: 91% Emerging Markets.

⚠️ Sector concentration: 32% in "Technology".

ℹ️ Tech-Capex Exposure: 42% in semiconductors & hardware – dependent on hyperscaler capex cycles.

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (29.8% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -46.1% in the extended horizon.