Which positions would likely fall together in a crisis?
A risk question asks how much of a portfolio depends on one thing going right — a single position, a sector, a country. Concentration is read as a share of the total, which is what the figures below show.
Worked through on a sample portfolio. The figures below are that portfolio’s, not yours.
Here are holdings and groups in your portfolio that are likely to move together in a market crisis, ranked by how much they share exposures or contribute jointly to portfolio risk.
| Asset | Why they move together |
|---|---|
| Stock (group) | Stocks share market beta; large allocation (49,09%) means they tend to fall together in broad equity sell-offs. |
| Technology | Technology exposure (39,98% of portfolio) concentrates sensitivity to tech-led downturns. |
| Apple Inc. | High weight (18,41%) and big volatility contribution make Apple Inc. a major driver of portfolio drops. |
| iShares Core MSCI World UCITS ETF | As a large ETF holding (16,55%) it tracks many global equities and falls in broad equity crises. |
| Microsoft Corp. | Significant weight and volatility contribution; tends to move with US mega-cap tech names. |
| ETF (group) | ETFs that track broad equities (31,21%) will decline with markets; overlap exists between ETFs (combined shared value 6.104,49 € between two largest ETFs). |
| Bitcoin (no ISIN) and Ethereum (no ISIN) | Crypto positions share high volatility and positive correlation with risk-on sentiment; both show large volatility contributions. |
| Gold | Lower correlation with portfolio (+0,23) so it may not fall with stocks; in some crises it can act differently. |
| Cash | Cash (6,06%) does not fall with risky assets and is stable. |
| Concentrated overlaps: iShares Core MSCI World UCITS ETF & Xtrackers MSCI USA UCITS ETF 1C | They share many underlying companies (248 shared) and have a combined shared value of 6.104,49 €, so both would tend to drop together when US/global equities fall. |
What this means: large equity and ETF exposures—especially technology and US mega-cap names like Apple Inc. and Microsoft Corp.—and your crypto holdings are the parts of the portfolio most likely to decline together during a market-wide crisis. Cash and low-correlation assets such as Gold are less likely to fall in the same way.
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