Is my benchmark too easy or too hard for my portfolio style?
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.
To answer that, here are how your portfolio and the benchmark performed over the same long period and this year-to-date, side by side.
| Period | Portfolio total return (%) | Benchmark total return (%) | Excess return (percentage points) |
|---|---|---|---|
| 12/05/2021 to 10/09/2026 | 45,20 | 75,79 | -30,59 |
| 01/01/2026 to 10/09/2026 | 5,28 | 11,16 | -5,88 |
What this means: over the full multi-year period your portfolio returned +45,20% while the HSBC MSCI World UCITS ETF returned +75,79%, leaving your portfolio with -30,59 percentage points versus that benchmark. Year-to-date your portfolio returned +5,28% versus the benchmark's +11,16%, an underperformance of -5,88 percentage points.
Context from your portfolio data: your top exposures are Stock (49,09%), ETF (31,21%) and Crypto (8,61%). Sector coverage is led by Technology at 39,98% and country exposure is concentrated in United States at 62,45%.
If you'd like, I can show a table comparing returns with other benchmarks, or break down contributions to the excess return by sector or holding.
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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.