---
title: "Portfolio analysis: countries, sectors, ETF overlap"
description: "Investboard Analysis dissolves every fund into real countries, sectors and overlap: accounts, net worth, dividends and German tax logic in one auditable brief."
canonical: "https://investboard.de/en/produkt/analyse"
language: "en"
modified: "2026-07-07"
author: "Investboard"
---

# Do not just see what you own. See what it means.

Investboard Analysis turns scattered accounts into an auditable brief: what is really inside, where concentration forms, which data is missing and what remains after tax.

## Analysis is the brief before every decision.

Investboard Analysis connects accounts and assets in one view, dissolves funds into their real components and shows return, risk, dividends and tax logic with a visible evidence base. Missing data is shown as a gap, not guessed.

- ETF look-through exposes countries, sectors, holdings and overlap.
- Net worth brings property, pension, precious metals and debt into the same brief.
- German tax logic travels with the numbers: Vorabpauschale, allowances and loss pots.

## From account list to real holdings.

Analysis does not stop at account rows. It dissolves wrappers, gathers brokers and shows the portfolio across seven dimensions, with figures that stay silent when the evidence base is missing.

### Look-through

Every fund is dissolved into its real holdings: geography, sectors and overlap across every fund.

### Allocation & concentration

Seven dimensions from asset class to sector, plus a concentration warning. The correlation read-out is an allocation heuristic, not measured covariance.

### Performance

Time- and money-weighted return, Sharpe and maximum drawdown. With no history, the figure stays empty rather than invented.

### Benchmark

Comparison against MSCI World, DAX, S&P 500 or an overnight cash benchmark, without suggesting currency-distorted alpha.

## Your wealth does not end at the broker.

Property, precious metals, debt and the statutory pension belong in the same view. Investboard shows income after tax, not as a flattering gross figure.

### Net worth

Five asset categories minus debt. The pension as an actuarial present value, precious metals at the live price. You enter property values yourself, with no invented valuation.

### Dividends

Quality, growth and a net view that accounts for Teilfreistellung, the saver's allowance and church tax.

## Tax logic belongs in the analysis.

Vorabpauschale, Teilfreistellung and allowances are not footnotes. The tax engine quantifies the burden other tools only estimate.

### Vorabpauschale & Teilfreistellung

Vorabpauschale under section 18 InvStG with monthly proration, Teilfreistellung by fund type.

### Allowances

The saver's allowance and Freistellungsauftrag, distributed across brokers so no allowance lapses.

### Loss pots & harvesting

Equity and other loss pots with Verlustbescheinigung deadlines, plus a scanner for offsettable losses.

### Efficiency score

A score from several components. Where one lacks evidence, it is shown honestly, not invented.

## Frequently asked questions

### What does ETF look-through mean?

ETF look-through means Investboard does not show a fund only as one position. It also exposes the countries, sectors and individual holdings underneath, so concentration risk and ETF overlap become visible.

### What happens when data is missing?

When the evidence base is missing, the metric stays empty or is shown as a gap. Investboard should not invent performance, risk or tax values.

### Is tax analysis tax advice?

No. Tax analysis computes with stored rules and assumptions for German private investors. It does not replace individual tax advice.