What is the simplest way to reduce my risk?

I can only explain how risk is measured and the simple levers that change it; I won’t give recommendations.

Brief explanation

• Risk here is shown as portfolio volatility and drawdown: your annualized volatility is 16,36% and max drawdown was -25,49%.
• Volatility contribution shows which holdings add most to risk (top contributors include Apple Inc., Microsoft Corp. and Deutsche Lufthansa AG).

Simple levers that lower portfolio risk (explanation only)

• Increase cash or cash-like holdings: more cash reduces overall volatility because cash has low volatility and a low correlation with risky assets. Your current cash share is 6,06% of the portfolio.
• Shift allocation toward lower-volatility instrument types (ETFs or large-cap stocks often have lower volatility than small caps or crypto). Your allocation by instrument type shows ETF at 31,21% and Stock at 49,09%.
• Reduce exposure to high-volatility assets or sectors: the holdings with largest volatility contribution (listed in your risk profile) disproportionately drive portfolio volatility. Crypto holdings (your Crypto weight: 8,61%) also show high individual volatility.
• Increase diversification across uncorrelated assets (assets with low correlation with the portfolio reduce total volatility when added). Gold, for example, has a lower correlation in your risk profile.
• Rebalance regularly to maintain target weights so that positions that have grown large (and add risk) are not left overweight.

What these levers change in your data

• Increasing cash or low-volatility ETFs would lower portfolio annualized volatility (currently 16,36%) and reduce volatility contribution from high-vol holdings.
• Reducing concentration lowers your top-1 and top-5 weights (now 18,41% and 65,64%), which reduces single-holding risk.

If you want, I can:

• show a table of the top volatility contributors from your holdings, or
• simulate how a simple shock (e.g., equities -30%, crypto -50%, cash unchanged) would change portfolio value — I will state assumptions with the result.