Total portfolio
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incl. employer vest
Strategic portfolio
—
excl. employer vest
ETFs
—
target 75%
Single shares
—
target 15%
Gold
—
target 5%
Crypto
—
target 5%
Employer vest
—
Novartis + Roche
USD / CHF
0.7839
rate used
Updated
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—
Version
v260505
May 2026
Allocation
YTD vs benchmarks · Since 2024
📊
Click ↻ Refresh for live YTD data
vs VWRA & CSPX · solid = YTD 2026 · faded = since Jan 2024 · static estimates
Performance summary — YTD & Since 2024 static estimates
AI-estimated · indicative · not financial advice
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ETFs
| Ticker | Name | Sleeve | Shares | Price | Value | 1D | YTD | Target | Actual |
|---|---|---|---|---|---|---|---|---|---|
| ETF total | — | ||||||||
Single shares
| Ticker | Name | Status | Shares | Price | Value | 1D | YTD |
|---|---|---|---|---|---|---|---|
| Singles total | — | ||||||
Crypto
| Asset | Status | Qty | Price | Value | 1D |
|---|---|---|---|---|---|
| Crypto total | — | ||||
Gold
| Asset | Qty | CHF/g | Value | 1D |
|---|
Employer vest excl. from strategic %
| Ticker | Name | Broker | Shares | Price | Value | 1D | Note |
|---|---|---|---|---|---|---|---|
| Vest total | — | ||||||
Top 15 underlying positions
consolidated across ETFs · singles · vest · estimated
Top 5
—
of portfolio
Top 10
—
of portfolio
Top 15
—
of portfolio
Concentration build-up
■ 1–5
■ 6–10
■ 11–15
FTSE All-World top 10 ≈ 21%
| # | Ticker | Company | Via | ~CHF | Est. weight |
|---|
Estimated from ETF compositions and direct holdings · weights relative to total portfolio value · your top-heaviness (top 10 = 33%) reflects the factor tilt toward quality/tech and direct US singles — higher than a pure passive benchmark.
Regional exposure — portfolio vs world
GDP: IMF 2024 · Mkt Cap: MSCI ACWI approx.
Portfolio
World GDP
Mkt Cap
A high USA allocation is justified by market-cap weighting but represents a significant bet vs economic output. EM remains structurally underweighted relative to GDP.
Contribution scenario
Return assumption
Inflation adjustment
Growth projection
Milestones
Horizon snapshots
Wealth milestones
Nominal · no inflation adjustment · strategic portfolio only · not financial advice
Sleeve vs target (v260505) static estimates
Target line = white marker · CHF label = amount to buy or trim to reach target
ETF internal allocation vs target
ETF AutoInvest weights
Target percentage per ETF within the ETF sleeve. Use these to configure your Saxo AutoInvest plan.
Deploy cash
one-time allocation plan · proportional to current gaps
Philosophy
Rules-based, automated, long-horizon. ETFs as the engine. Factors and geography as the tilt. Crypto and gold as asymmetric complements. No reactive changes. Annual governance. Designed to run quietly for 15+ years.
UCITS only
Swiss tax compatible
Saxo AutoInvest
15+ yr horizon
No leverage
Target allocation
Full portfolio
ETF sleeve
ETF sleeve — 6 positions
| Ticker | Fund | Role | Target | TER | US exp. |
|---|---|---|---|---|---|
| SWDA | iShares Core MSCI World | core | 40% | 0.20% | ~68% |
| IWQU | iShares Edge MSCI World Quality | factor | 15% | 0.25% | ~65% |
| CSNDX | iShares NASDAQ-100 | satellite | 15% | 0.30% | ~100% |
| EIMI | iShares Core MSCI EM IMI | EM | 15% | 0.18% | 0% |
| IMEU | iShares Core MSCI Europe | geo | 10% | 0.12% | 0% |
| IDP6 | iShares S&P SmallCap 600 | size | 5% | 0.30% | ~100% |
Target regional exposure
GDP: IMF 2024 · Mkt Cap: MSCI ACWI approx.
| Region | Target | World GDP | Mkt Cap | vs GDP | vs Mkt Cap |
|---|---|---|---|---|---|
| USA | 56% | 26% | 63% | +30pp | −7pp |
| Europe | 21% | 18% | 14% | +3pp | +7pp |
|
↳ Switzerland
IMEU + Vest · NOVN / ROG
|
3.5% | 0.9% | 2.4% | +2.6pp | +1.1pp |
| Emerging Mkts | 15% | 40% | 12% | −25pp | +3pp |
|
↳ China
via EIMI / EXCH
|
4% | 17% | 3% | −13pp | +1pp |
| Japan | 5% | 4% | 6% | +1pp | −1pp |
|
Rest
Canada · Australia · Pacific ex-JP · Other DM
|
3% | 12% | 5% | −9pp | −2pp |
Intentional USA overweight vs GDP — justified by market-cap concentration. Europe overweight vs mkt cap is a deliberate geo tilt. EM structurally underweighted vs GDP, aligned with risk tolerance.
Risk lens
| Component | Risk | Comment |
|---|---|---|
| ETF sleeve | low–medium | Primary long-term return engine |
| Single shares | high | Idiosyncratic; capped to prevent dominance |
| Gold | low | Drawdown dampener; non-productive stabiliser |
| BTC | very high | Asymmetric upside; tail risk; tightly capped |
Governance rules
Rule
Threshold
Action
General rebalance
Annual / ±5%
Rebalance all sleeves to target
CSNDX hard cap
>17% ETF
Trim to 15% at next monthly review
Gold cross-asset
>10% portfolio
Trim to 7.5%, redeploy to ETFs
Crypto ceiling
>10% or <5%
Rebalance BTC to target · hard cap 1 BTC · monthly check
Singles hard cap
>18% portfolio
Trim back to 15% target at next rebalance · max 1% per position
No reactive changes
Any
Rules-based only; ignore short-term noise
USD/CHF glide path — pre-retirement
~83% of the strategic portfolio is USD-denominated. This is an intentional growth bet that has served well during the USD-dominant 2020s. However, the risk profile changes fundamentally approaching withdrawal: converting USD assets back to CHF to fund living costs means realised FX exposure. A structured glide path reduces that risk without disrupting the accumulation phase.
Phase
Age window
Action
Accumulation
Now → 45
Accept USD concentration · harvest full growth · no FX hedging needed
Transition
Age 45 → 52
Gradually rotate 10–15% of USD ETFs into CHF/EUR-hedged equivalents or expand IMEU · target USD exposure below 65%
Pre-retirement buffer
Age 52 → 55
Build 2–3 year CHF cash/bond buffer funded by trimming USD positions · do not rely on spot FX conversion at drawdown
Drawdown
Age 55+
Draw from CHF buffer first · replenish annually by trimming USD positions opportunistically (avoid converting in weak-USD years)
Why this matters
CHF has appreciated ~1.5–2% per year against USD over the long run. In a slow-drift scenario, USD exposure generates a ~20% FX headwind over 15 years — equivalent to roughly one full year of equity returns silently lost. In a sharp USD decline (−30–40%), combined with an equity bear market, the CHF portfolio impact can reach −50%. The glide path does not eliminate this risk in the accumulation phase — it ensures the risk is resolved on your timeline, not the market's.
Total Return
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Tracking Since
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vs FTSE All-World
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vs S&P 500
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Portfolio Value Over Time
ETFs
Singles
Gold
Crypto
Contributions vs Growth
Add new cash deposits to the
DEPOSITS array in the file to keep contributions accurate.
Drawdown from Peak
Max drawdown: —
vs Benchmark (indexed to 100)
b@ Portfolio
FTSE All-World
S&P 500
Monthly Returns
Pillar 2 Buy-in Analyzer
Zürich · Verheiratet · 2 Kinder · age 40→60 projection
True marginal tax rate
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Real tax saving
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Exit tax per tranche
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Buy-in window closes
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PK gross at retirement
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Total exit tax paid
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PK net after exit tax
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ETF direct at retirement
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Important notes
3-year lock-up (Art. 79b BVG). Buy-ins cannot be withdrawn as a lump sum for 3 full calendar years. Buying in within 3 years of planned withdrawal results in the tax deduction being clawed back retroactively. Treat the break-even horizon above as a maximum — your hard floor is retirement minus 3 years.
Balance spousal PK capital equally. Exit tax is calculated per-person, per-year. The 4-tranche split (2 years × 2 spouses) only works optimally if both Pensionskassen hold roughly equal capital — an 80/20 imbalance pushes one spouse into a higher rate and costs more than a clean 50/50 split of the same total.
Stagger withdrawals across calendar years. Each calendar year is a separate tax assessment. If both spouses retire simultaneously, schedule withdrawals in January (you, Year 1) and December (spouse, Year 1), then the reverse in Year 2 — or simply use different calendar years. Never withdraw both in the same year if you can avoid it.
Max out Pillar 3a first. CHF 7,258/year (2025) is always fully deductible, flexible, and can be invested at market rates. Buy-ins into Pillar 2 make sense only once 3a is maxed — the 3a is superior in flexibility and exit terms (5 separate accounts, staggered withdrawal).
Check the fund's Deckungsgrad. Only buy into a Pensionskasse with a coverage ratio ≥ 100%. An underfunded fund can cut guaranteed benefits, reduce conversion rates, or force you into annuity terms you didn't choose — negating the point of buying in.
Time buy-ins to your highest-income years. Marginal rate is the key driver of the tax saving. If your income varies (bonus year, last full working year), concentrate large buy-ins there. A CHF 50k buy-in at a 40% rate beats two CHF 25k buy-ins at 35%.
Repay any mortgage Vorbezug first. If you withdrew Pillar 2 capital early for owner-occupied property, that amount must be fully repaid before any subsequent buy-in generates a tax deduction. Buying in before repaying is wasted — the Pensionskasse will not accept the deduction.
Tax model: Zürich Verheiratetentarif §35/47 StG · Staatssteuerfuss 0.95 + Gemeinde 1.21 = 2.16× · satzbestimmendes Einkommen incl. Liegenschaft Ausland · 2 Kinderabzüge à CHF 259 (Bundessteuer) · Exit tax per §38 StG Rentensatz method · 5% theoretical annual pension · minimum 2% einfache Steuer rate · Bundessteuer rate proportional to theoretical pension · Projection age 40–60 · Not financial advice.