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Overview
Concentration Analysis shows you how your investments are distributed across:
Sectors (e.g., Technology, Healthcare, Finance)
Asset Classes (e.g., U.S. vs. International Equities, US vs. International Bonds)
Regions (e.g., United States, Europe, Asia Pacific)
This tool helps you understand where your portfolio is concentrated, so you can make informed decisions about your investment strategy.
Where to find
Navigate to Invest
Select Concentration Analysis from the side rail menu
Choose a single account OR all accounts
Understanding values
The value under each concentration category is your estimated dollar exposure to a given Sector (e.g., Technology), Asset Class (e.g., US Equities), or Region (e.g., US, Europe).
The actual allocation is your estimated dollar exposure to a given sector, asset class, or region divided by your selected account(s) value.
When you tap on a concentration category (e.g., Technology), you can see the holdings that give you exposure to that category.
Estimated exposure dollar amount is your holding’s estimated exposure to a given category (e.g., Technology, US Bonds, Europe).
Estimated exposure percentage is the estimated exposure dollar amount divided by the category total.
In the screenshot below, $52,768.16 of this portfolio is exposed to Technology. VOO in your portfolio gives you $20,527.88 exposure to Technology. VOO is 38.9% of your Technology exposure.
Category Definitions
Asset class
US Equities: equity investment in US-based companies
International Equities: equity investment in companies outside the US
US Bonds: bonds issued by US-based entities
International Bonds: bonds issued by entities outside the US
Preferred: hybrid securities with features of both debt and equity. It typically pays fixed dividends like debt interest, but represents ownership in the company like common stock.
Convertible: bonds that can be converted into company equity later
Cash: highly liquid assets like bank deposits and short-term securities
Currency: exposure to foreign currencies through forex investments or derivatives. Unlike cash, currency is not held as liquid funds in a bank, but rather currency is an investment position that provides exposure to foreign currency markets.
Commodity: investments in raw materials (e.g., gold, oil, agricultural products)
Real Estate: investments in real estate properties, REITs, and related securities
Other: any asset that does not fall under categories above (e.g., crypto)
Sector
Sector exposure is broken down into equity sectors and bond sectors:
Equity sectors include Technology, Finance, Industrials, Consumer discretionary, Healthcare, Media, Consumer Staples, Materials, Real Estate, Energy, and Utilities.
Bond sectors
Government: fixed-rate debt issued by national governments, including Treasury bonds, notes, and Treasury Inflation-Protected Securities (TIPS)
Corporate bond: debt issued by companies to raise capital for business operations, expansion, or refinancing existing debt
Government related: bonds issued by government agencies (e.g., Fannie Mae, Freddie Mac). Unlike Treasury bonds, notes, and TIPS—which are fully backed by the US government—government-related securities are not explicitly guaranteed and are typically unsecured.
Municipal: local and state government-issued bonds to fund public projects like schools and hospitals. Some municipal bonds are tax-exempt.
Asset backed: bonds based on the cash flow from assets such as auto loans, credit card receivables, or leases.
Supranational: debt issued by international organizations (e.g., World Bank), these bonds often fund global development projects and are known for their safety and high credit ratings.
Bank loan: floating-rate debt issued by companies and are often used for corporate financing. These instruments tend to provide higher yields and lower interest rate risk.
Cash and cash equivalent: includes bank deposits, certificates of deposit, money market holdings, commercial paper, and fixed-income securities maturing within 12 months. These assets are highly liquid and provide safety with minimal returns.
Convertible: bonds that can be converted into shares of common stock, often offering lower interest rates due to the conversion feature.
Other bond sector: bond allocations that do not fall into the sectors above.
Region
Regional exposure is displayed based on the location of the company’s headquarters for the individual stock or the underlying companies in the fund.
Japan is displayed as a distinct region, so it is not included in Asia Pacific. Similarly, United Kingdom is shown as a distinct region, so it is not included in Europe.
Frequently Asked Questions
Why do we display ‘estimated exposure’?
Sector, asset class, and regional exposure are based on the latest quarterly filings for the securities in your portfolio. Your concentration exposure are estimates based on the latest data available and may not match your securities’ current, exact exposure.
How do we calculate your ‘estimated exposure’?
Individual stocks are assigned a sector, asset class, and region to the company. For ETFs, funds are broken down by sector, asset class, and region and their respective weightings.
For each holding, the percentage exposure to the selected category is multiplied by your holding’s current position value. For example, if an ETF is 35% exposed to Technology and your position value is $100,000, your estimated exposure to Technology is $35,000.
Can I view my concentration across all my M1 Invest Accounts?
Yes. Select "all accounts" to view your concentration across all your M1 Invest accounts. This includes your M1 equity and crypto accounts with funding and a portfolio created. It excludes non-Invest accounts (e.g., Earn, Borrow).
Is Concentration Analysis a recommendation?
No. Concentration Analysis is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security.
Concentration analysis is for informational purposes only and is not a recommendation to buy or sell any security. M1 does not guarantee the accuracy or completeness of third-party data.
A concentrated portfolio may be subject to higher risk and volatility. Diversification does not eliminate the risk of loss.
Values shown are estimates based on the latest available data and may not reflect real-time prices. Data may be subject to reporting lags, changes in fund holdings, corporate actions, and rounding. Sector, asset class, and region exposure values are based on re-scaled long position of the holdings.
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