Summary
The average of the seven portfolios against the average of the seven indices.
Portfolios against indices
Italy40 and Nasdaq 100 drive the result. Australia50 is the only market behind its index.
| Market | Index | Portfolio | Index | Difference |
|---|---|---|---|---|
| USA100 | S&P 500 | +0.47% | +0.39% | +0.08 pp |
| NASDAQ100 | Nasdaq-100 | +5.07% | +1.53% | +3.54 pp |
| Europe50 | Euro Stoxx 50 | -0.73% | -0.96% | +0.23 pp |
| Italy40 | FTSE MIB | +3.25% | -2.02% | +5.27 pp |
| UK100 | FTSE 100 | -1.40% | -1.85% | +0.44 pp |
| Germany40 | DAX | -0.36% | -0.61% | +0.25 pp |
| Australia50 | S&P/ASX 200 | +0.07% | +0.25% | -0.18 pp |
Indices are price indices without dividends, except the DAX, which includes them. Index levels are the 25 September and 5 October closes.
Positions by market
Entry is the 25 September close of each stock. The header of each table shows portfolio and index return.
USA100
vs S&P 500: +0.47% / +0.39%| Asset | Entry 25 Sep | Close 5 Oct | P&L |
|---|---|---|---|
| MU | 1,082.28 | 1,063.96 | -1.69% |
| GEV | 957.63 | 990.00 | +3.38% |
| CSCO | 106.70 | 112.82 | +5.74% |
| FDX | 285.85 | 289.13 | +1.15% |
| MRK | 148.78 | 139.54 | -6.21% |
NASDAQ100
vs Nasdaq-100: +5.07% / +1.53%| Asset | Entry 25 Sep | Close 5 Oct | P&L |
|---|---|---|---|
| MU | 1,082.28 | 1,063.96 | -1.69% |
| MRVL | 261.94 | 271.25 | +3.55% |
| TER | 398.38 | 444.53 | +11.58% |
| FTNT | 173.46 | 184.13 | +6.15% |
| CSCO | 106.70 | 112.82 | +5.74% |
Europe50
vs Euro Stoxx 50: -0.73% / -0.96%| Asset | Entry 25 Sep | Close 5 Oct | P&L |
|---|---|---|---|
| NOKIA.HE | 9.128 | 9.168 | +0.44% |
| ASML.AS | 1,522.60 | 1,656.20 | +8.77% |
| ENI.MI | 24.09 | 24.41 | +1.33% |
| BAYN.DE | 50.02 | 43.96 | -12.12% |
| ENGI.PA | 23.35 | 22.87 | -2.06% |
Italy40
vs FTSE MIB: +3.25% / -2.02%| Asset | Entry 25 Sep | Close 5 Oct | P&L |
|---|---|---|---|
| STMMI.MI | 45.125 | 50.86 | +12.71% |
| SPM.MI | 4.349 | 4.455 | +2.44% |
| TEN.MI | 24.42 | 26.04 | +6.63% |
| BPE.MI | 14.346 | 13.816 | -3.69% |
| ENEL.MI | 8.913 | 8.75 | -1.83% |
UK100
vs FTSE 100: -1.40% / -1.85%| Asset | Entry 25 Sep | Close 5 Oct | P&L |
|---|---|---|---|
| CCC.L | 5,410.00 | 5,420.00 | +0.18% |
| BGEO.L | 14,580.00 | 13,280.00 | -8.92% |
| GLEN.L | 561.10 | 569.30 | +1.46% |
| SDR.L* | 588.50 | 589.00 | +0.08% |
| BEZ.L* | 1,306.00 | 1,308.50 | +0.19% |
Germany40
vs DAX: -0.36% / -0.61%| Asset | Entry 25 Sep | Close 5 Oct | P&L |
|---|---|---|---|
| IFX.DE | 56.71 | 63.47 | +11.92% |
| BAYN.DE | 50.02 | 43.96 | -12.12% |
| RWE.DE | 59.4 | 58.6 | -1.35% |
| DHL.DE | 57.2 | 55.92 | -2.24% |
| ENR.DE | 142.60 | 145.46 | +2.01% |
Australia50
vs S&P/ASX 200: +0.07% / +0.25%| Asset | Entry 25 Sep | Close 5 Oct | P&L |
|---|---|---|---|
| BHP.AX | 60.72 | 61.89 | +1.93% |
| WOW.AX | 38.47 | 38.28 | -0.49% |
| WDS.AX | 31.72 | 31.22 | -1.58% |
| QBE.AX | 22.93 | 23.57 | +2.79% |
| SOL.AX | 46.47 | 45.39 | -2.32% |
* Schroders (SDR.L) and Beazley (BEZ.L) are no longer listed after their acquisitions by Nuveen and Zurich. The last trade was on 1 October 2026 (589.00 and 1,308.50), so the P&L of these two positions is frozen at that price.
How to read this
Method. Each portfolio holds the five stocks selected by the Mosaic weekly run of 25 September, at equal weight. The portfolio return is the simple average of the five stock returns, in local currency, with no costs, taxes or dividends.
Limits. Seven trading days are far too few to judge a strategy, and the result of one week says little about the next. Prices come from Yahoo Finance. Mosaic entry prices for the European and UK markets were one day behind in the pipeline, so they were replaced with the actual 25 September closes. Two of the thirty-five positions can no longer be traded. These are research notes, not recommendations.
Research material only — not personalized financial advice. Past performance does not predict future results. Contact: domderrico@gmail.com.