Risk disclosure
Read this before investing. It is short on purpose, so that you actually read it. Draft — to be validated by counsel before publication.
Investing in ETFs involves risk. The value of your portfolio can go down as well as up, and you may get back less than you invested. Only invest money you will not need in the short term.
Market risk and drawdowns
ETFs follow the markets they track, and markets fall — sometimes for a long time. The S&P 500 lost 52% in 2008–09 and 22% in both 2020 and 2022. The defensive bench and the canary signal are designed to reduce exposure to such periods; they react with a delay and cannot prevent losses. A future drawdown can be deeper and longer than anything seen in the past.
Concentration and sector risk
The attack bench favours growth sectors — technology, semiconductors, innovation, crypto — that can fall harder than the broad market. Momentum ranking can concentrate the portfolio in a few themes at once. A bitcoin ETF rests on a single, highly volatile asset; its weight is capped at 20% for that reason, which limits but does not remove the risk.
Currency risk
Many ETFs on the bench are priced in US dollars or hold dollar-denominated assets. If your account is in euros, movements in the exchange rate add to or subtract from the performance of the ETF itself.
Liquidity risk
The bench only includes ETFs that trade more than €200M a month, but in stressed markets an ETF can trade at a discount to the value of its holdings or with wide spreads, which affects the price you get when you sell.
Model and backtest risk
The figures published on this site are simulated past performance (backtest) over January 2015 – June 2026, with 2017 excluded as an abnormal year for bitcoin. A backtest is built with hindsight and does not include the taxes, broker fees and execution delays of a real account. Simulated past performance (backtest). Past performance is not a reliable indicator of future results. Figures are gross of taxes and fees. Capital at risk.
Execution risk
You place the orders yourself, in your own securities account. Team-ETF never holds your funds and never places orders. Orders placed late, at a different price, in the wrong quantity or on the wrong ETF will make your results differ from the method’s. Your broker’s fees and any outage on its platform are between you and your broker.
Tax and regulatory risk
Tax rules on securities accounts, on ETFs and on the other savings wrappers differ by country and change over time; they affect your net result. Regulation can also restrict which ETFs are available in your zone. Nothing on this site is tax advice — consult a tax adviser for your own situation.
No advice, no guarantee
Team-ETF publishes a standardised, rules-based allocation that is the same for every subscriber. It is not a personal recommendation, and it takes no account of your situation, your goals or your capacity to bear losses. No return is promised or guaranteed.