Value x Momentum

Captures two leading tilts across two markets

Holdings

Asset Allocation

Asset Class

Equity 100.0%

Holdings Details

Diversified global equity ETF portfolio capturing value and momentum tilts across US, Europe, and emerging markets for strategic growth.

Asset	ISIN	Dist. Policy	Type	Allocation	TER
QDVI.XETRA iShares Edge MSCI USA Value Factor UCITS ETF • IE00BD1F4M44	IE00BD1F4M44	Acc	ETF	30.0%	0.2%
IEMD.LSE iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) • IE00BG13YJ64	IE00BG13YJ64	Dist	ETF	30.0%	0.25%
XSVM.US Invesco S&P SmallCap Value with Momentum ETF • US46137V4804	US46137V4804	Dist	ETF	20.0%	0.36%
UEVM.US VictoryShares Emerging Markets Value Momentum ETF • US92647N5436	US92647N5436	Dist	ETF	20.0%	0.35%
Total		Total			100.0%	0.28%

Performance

Portfolio Value Over Time

Starting with €10,000 investment → now worth €26,131.04

Histogram of Monthly Returns

The portfolio had a positive return during 63 of the 102 months (62%)

Monthly Returns Heatmap

Best month: +11.0% • Worst month: -16.6% • Best year: 2021 (+36.3%) • Worst year: 2022 (-10.7%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	+5.6%	+2.5%	-4.9%	+9.8%	+7.2%	+2.9%	-1.1%	-	-	-	-	-	+23.2%
2025	+4.1%	+0.0%	-5.1%	-4.4%	+4.5%	+1.4%	+2.5%	+3.4%	+2.0%	+2.1%	+1.6%	+1.6%	+14.1%
2024	+1.1%	+3.4%	+5.0%	-2.1%	+1.6%	+0.5%	+3.2%	-2.1%	+0.8%	-0.4%	+7.2%	-3.3%	+15.6%
2023	+4.5%	+0.8%	-3.4%	-0.3%	-1.3%	+3.9%	+4.0%	-1.8%	-0.1%	-3.9%	+5.4%	+5.1%	+13.1%
2022	-3.4%	-0.9%	+2.2%	-1.4%	-0.9%	-7.3%	+6.6%	-1.7%	-7.3%	+7.6%	+2.4%	-5.9%	-10.7%
2021	+7.2%	+2.7%	+9.8%	+0.8%	+1.9%	+1.3%	-0.6%	+2.4%	-1.2%	+3.0%	-0.4%	+5.1%	+36.3%
2020	-2.4%	-7.8%	-16.6%	+10.2%	+2.4%	+1.3%	-0.9%	+3.3%	-0.2%	-1.0%	+11.0%	+2.8%	-0.9%
2019	+8.4%	+3.1%	+0.9%	+2.1%	-5.7%	+4.9%	+2.4%	-3.2%	+5.0%	+0.4%	+4.0%	+2.3%	+26.8%
2018	-	+0.0%	-1.7%	+3.9%	+3.8%	-1.0%	+1.5%	+0.9%	+0.2%	-5.6%	-0.4%	-8.3%	-7.1%

> +2%

0% to +2%

-2% to 0%

< -2%

Drawdown Analysis

Maximum drawdown: +36.26% • The longest drawdown period lasted for 2 years and was between January 2022 and January 2024. It reached a trough of -16.0%.

Dividend Income

Summary

This portfolio contains 3 distributing ETFs (70.0% of total allocation)

Total Dividends Received

€2,225.64

113 payments

Dividend Yield

1.81%

(annualized)

Avg Per Payment

€19.70

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	€155.94	0.66%	4
2025	€370.33	1.92%	18
2024	€404.33	2.30%	14
2023	€318.60	2.14%	17
2022	€274.13	1.84%	15
2021	€252.15	1.75%	16
2020	€140.39	1.33%	14
2019	€151.03	1.42%	7
2018	€158.73	1.54%	8
Total	€2,225.64	1.81%	113

Detailed Metrics

Returns

Total Return

+161.31%

Annualized Return

+12.21%

Avg Monthly Return

+1.04%

Risk

Volatility (Annual)

+15.52%

Max Drawdown

+36.26%

Positive Months

62%

Average Drawdown

-5.9%

Risk-Adjusted

Sharpe Ratio

0.66

Risk-free rate: 2.0%

Sortino Ratio

0.60

Downside risk adjusted

Return/Volatility

0.79

Calmar Ratio

0.34

Return/Max Drawdown

Ulcer Index

7.77

Drawdown depth & duration

Martin Ratio

0.01

Return/Ulcer Index

Backtest Configuration

Initial Investment

€10,000

Final Value

€26,131.04

Backtest Period

2018-02-28 to 2026-07-02
8.3 years

Rebalancing

quarterly

Base Currency

EUR

Performance Summary

Holdings

Performance

Dividend Income

Detailed Metrics