What are the differences between the portfolios?

We have developed the five mountain portfolios in such a way that they have different expected returns. While Zugspitze invests 50% in equities and 50% in bonds, Mount Everest invests 90% in equities and 10% in bonds. The different mix of equities and bonds results in different risk/return ratios. In principle, a higher proportion of bonds brings more stability to the portfolio, while equities are more volatile and therefore more risky, but also generate higher returns in the long term compared to bonds.