The enemy of the best is often the good.

I have these ETFs in my portfolio:

$TDIV (-0,72%)

$GGRP (-0,59%)

$FUSD (-0,93%)

$FGEQ (-0,64%)

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 (-0,93%) 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 (-0,93%) 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 (-0,72%) 40%

$GGRP (-0,59%) 30%

$FGEQ (-0,64%) 15%

$FUSD (-0,93%) 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 (-3,17%) 3%

$AAPL (-0,66%) 3%

$VZ (-0,16%) 2,3%

$CVX (-3,05%) 2,1%

$ROG (-0,48%) 2%

$NVDA (-3,33%) 1,9%

$PFE (+0,95%) 1,7%

$HSBA (+0,63%) 1,6%

$IBM (-0,15%) 1,4%

$AVGO (+8,33%) 1,4%

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