Which holdings are most sensitive to current interest-rate expectations?
A market question puts a portfolio next to what the markets did — an index, a sector, a period. The comparison only means anything when both sides are measured over the same dates and in the same currency.
Worked through on a sample portfolio. The figures below are that portfolio’s, not yours.
Interest-rate sensitivity is not provided directly for each holding in your data. A common proxy is volatility and correlation to the portfolio together with asset type: interest-rate moves usually affect long-duration growth stocks and interest-rate‑sensitive sectors (e.g. Technology, Financials) and rates also influence bond-like exposures and gold differently. Using the holdings-by-volatility-contribution snapshot (window 11/09/2025–09/09/2026), these holdings are the most likely to react to changing rate expectations because they combine high volatility with meaningful portfolio exposure:
| Asset | Weight (%) | Annualized vol. p.a. (%) | Correlation with portfolio |
|---|---|---|---|
| Apple Inc. | 18,41% | 22,99 | 0,437 |
| Microsoft Corp. | 11,62% | 30,50 | 0,3992 |
| Deutsche Lufthansa AG | 8,41% | 30,67 | 0,4976 |
| ETF | 31,21% | 9,00 | 0,6356 |
| Bitcoin | 5,11% | 35,92 | 0,5011 |
| Ethereum | 3,50% | 52,30 | 0,4952 |
What the table shows:
- Higher annualized volatility and moderate-to-high correlation mean those holdings tend to drive portfolio moves when markets react to rate news.
- Long-duration growth exposures (large Technology holdings like Apple Inc. and Microsoft Corp.) and high-volatility crypto exposures (Bitcoin, Ethereum) appear most sensitive in this snapshot.
- The ETF ETF also contributes materially due to size and correlation.
If you want, I can show the same list sorted by volatility contribution instead of volatility.
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