How does my portfolio compare to a simple All-World ETF?
A performance question asks what a portfolio has actually returned. The answer keeps the money you paid in apart from the money the investments made, which is why a time-weighted and a money-weighted return can differ so much on the same account.
Worked through on a sample portfolio. The figures below are that portfolio’s, not yours.
Here’s a concise comparison of your portfolio vs. a simple All‑World ETF (simulated as 100% HSBC MSCI World UCITS ETF).
| Period | Portfolio total return (%) [TWR] | All‑World (simulated) total return (%) [TWR] | Excess (Portfolio − All‑World) |
|---|---|---|---|
| 12/05/2021 to 10/09/2026 | 45,20 | 75,79 | -30,59 pp |
| 01/01/2026 to 10/09/2026 | 5,28 | 11,16 | -5,88 pp |
What this means
- Over the full available period (12/05/2021–10/09/2026) your portfolio delivered a time‑weighted return of 45,20% while the All‑World ETF returned 75,79%, so your portfolio underperformed by -30,59 percentage points.
- Year‑to‑date (01/01/2026–10/09/2026) your portfolio returned 5,28% vs. 11,16% for the All‑World ETF, an underperformance of -5,88 percentage points.
- The scenario that rebalanced all your cashflows into the single All‑World ETF (the simulation) values that 100% All‑World portfolio at 97.103,40 € today, with total invested 77.556,45 € and a total return of +29.057,95 € (+37,47%) under the simulation assumptions.
Assumptions used in the simulation
- The simulated portfolio is 100% HSBC MSCI World UCITS ETF and uses your actual transaction history to allocate each cashflow into that ETF on the transaction date.
- Prices used are closing prices on or after each transaction date; no trading costs, spreads or taxes are applied in the simulation.
- The simulation values the result at the latest available closing price; exchange rates held fixed per the simulation data.
- It compares performance to today and is not a forecast of future returns.
Would you like a table showing the simulated All‑World portfolio breakdown or the cashflow‑by‑cashflow comparison?
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Related questions
See this for your own portfolio
The assistant answers the same question about your own holdings, with your figures and today’s prices. Import from your broker, or open the demo portfolio and ask it there.