ABCORE

MINIMUM DRAWDOWN

Holdings

Asset Allocation

Asset Class

Equity 68.0%Bonds 20.0%Precious Metals 12.0%

Holdings Details

ABCORE diversified ETF portfolio in EUR with global stocks, gold, and dividends. Minimum drawdown strategy across US, Europe, China, and emerging markets.

Asset	ISIN	Dist. Policy	Type	Allocation	TER
SPYL.XETRA State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) • IE000XZSV718	IE000XZSV718	Acc	ETF	15.0%	0.03%
GOLD-EUR.PA Amundi Physical Gold ETC (C) • FR0013416716	FR0013416716	Acc	ETF	12.0%	0.12%
SPYD.XETRA State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF USD Unhedged (Dist) • IE00B6YX5D40	IE00B6YX5D40	Dist	ETF	10.0%	0.35%
STN.PA State Street SPDR MSCI Europe Energy UCITS ETF EUR • IE00BKWQ0F09	IE00BKWQ0F09	Acc	ETF	10.0%	0.18%
MEUD.PA Amundi Core Stoxx Europe 600 UCITS ETF Acc • LU0908500753	LU0908500753	Acc	ETF	7.0%	0.07%
IBCJ.XETRA iShares MSCI Poland UCITS ETF USD (Acc) • IE00B4M7GH52	IE00B4M7GH52	Acc	ETF	7.0%	0.74%
SELD.XETRA Amundi Stoxx Europe Select Dividend 30 UCITS ETF Dist • LU1812092168	LU1812092168	Dist	ETF	7.0%	0.3%
KWBE.LSE KraneShares CSI China Internet UCITS ETF EUR • IE00BFXR7900	IE00BFXR7900	Acc	ETF	7.0%	0.75%
SYB5.XETRA SPDR Bloomberg 1-5 Year Gilt UCITS ETF • IE00B6YX5K17	IE00B6YX5K17	Dist	ETF	5.0%	0.15%
540J.XETRA Amundi MSCI Switzerland UCITS ETF EUR (C) • LU1681044720	LU1681044720	Acc	ETF	5.0%	0.25%
HYLE.XETRA iShares Global High Yield Corporate Bond UCITS ETF EUR Hedged (Dist) • IE00BJSFR200	IE00BJSFR200	Dist	ETF	5.0%	0.55%
IFRB.AS iShares France Government Bond UCITS ETF EUR (Dist) • IE00B7LGZ558	IE00B7LGZ558	Dist	ETF	5.0%	0.2%
CHSD.XETRA UBS BBG Japan Gov 1-3 UCITS ETF JPY acc • LU2098179695	LU2098179695	Acc	ETF	5.0%	0.15%
Total		Total			100.0%	0.27%

Performance

Portfolio Value Over Time

Starting with €10,000 investment → now worth €13,210.62

Histogram of Monthly Returns

The portfolio had a positive return during 15 of the 21 months (71%)

Monthly Returns Heatmap

Best month: +5.4% • Worst month: -3.7% • Best year: 2025 (+17.0%) • Worst year: 2026 (+5.0%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	+4.5%	+2.2%	-2.8%	+1.0%	-	-	-	-	-	-	-	-	+5.0%
2025	+5.4%	+2.1%	-1.3%	-3.7%	+2.8%	-0.3%	+3.1%	+0.8%	+2.9%	+2.7%	+0.8%	+0.8%	+17.0%
2024	-	-	-	-	-	-	-	+4.0%	+2.5%	-0.5%	+2.6%	-1.3%	+7.5%

> +2%

0% to +2%

-2% to 0%

< -2%

Drawdown Analysis

Maximum drawdown: +12.86% • The longest drawdown period lasted for 5 months and was between February 2025 and August 2025. It reached a trough of -12.9%.

Dividend Income

Summary

This portfolio contains 5 distributing ETFs (32.0% of total allocation)

Total Dividends Received

€253.58

19 payments

Dividend Yield

1.32%

(annualized)

Avg Per Payment

€13.35

per event

All dividends are automatically reinvested at the payment date. The portfolio value shown includes the compounding effect of dividend reinvestment.

Annual Breakdown

Dividend income per calendar year

Year	Dividends	Yield	Payments
2026	€30.38	0.23%	3
2025	€147.83	1.27%	11
2024	€75.36	0.71%	5
Total	€253.58	1.32%	19

Detailed Metrics

Returns

Total Return

+32.11%

Annualized Return

+18.31%

Avg Monthly Return

+1.36%

Risk

Volatility (Annual)

+10.36%

Max Drawdown

+12.86%

Positive Months

71%

Average Drawdown

-1.9%

Risk-Adjusted

Sharpe Ratio

1.57

Risk-free rate: 2.0%

Sortino Ratio

1.43

Downside risk adjusted

Return/Volatility

1.77

Calmar Ratio

1.42

Return/Max Drawdown

Ulcer Index

2.50

Drawdown depth & duration

Martin Ratio

0.07

Return/Ulcer Index

Backtest Configuration

Initial Investment

€10,000

Final Value

€13,210.62

Backtest Period

2024-08-05 to 2026-04-02
1.7 years

Rebalancing

none

Base Currency

EUR

Performance Summary

Holdings

Performance

Dividend Income

Detailed Metrics