The enemy of the best is often the good.

I have these ETFs in my portfolio:

$TDIV (-0,49 %)

$GGRP (-0,01 %)

$FUSD (-0,31 %)

$FGEQ (-0,19 %)

Some, if not all, have outperformed the MSCI World at times.

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At the moment they are all about the same weighting and should be increased further. While I am trying to implement a growth strategy with equities, these ETFs are intended to generate passive income.

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Objectively speaking, I would have to sell the $FUSD (-0,31 %) as it further increases the US share and overlaps heavily with at least two of the other ETFs. In other words, it reduces diversification in all respects.

But on the other hand $FUSD (-0,31 %) also the one with the best past return and will probably remain so in the future.

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One approach could be to take the US weighting and overlaps into account in the ETF weighting of the portfolio and implement it as follows, for example:

$TDIV (-0,49 %) 40%

$GGRP (-0,01 %) 30%

$FGEQ (-0,19 %) 15%

$FUSD (-0,31 %) 15%

If the ETFs were weighted in this way, the following allocations would result:

Countries/Regions:

USA 56.4%

Canada 4.4%

Europe 33.2%

Asia 5.4%

Top 10 weighting:

$MSFT (+1,12 %) 3%

$AAPL (-0,65 %) 3%

$VZ (-0,03 %) 2,3%

$CVX (-0,16 %) 2,1%

$ROG (+1,89 %) 2%

$NVDA (+4,31 %) 1,9%

$PFE (+0,31 %) 1,7%

$HSBA (-0,43 %) 1,6%

$IBM (+0,41 %) 1,4%

$AVGO (+1,92 %) 1,4%

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What do you think of this allocation example? Do you have any suggestions for improvement or comments?