BlogSharesight Features & Tips

Benchmark your portfolio against any stock, ETF, or fund

by David Olsen, Content Manager, Sharesight

Investors using Sharesight can now benchmark their portfolios using any stock, ETF, mutual/managed fund or unit trust that Sharesight currently supports. This expands Sharesight’s portfolio benchmark feature to over 37,000 different instruments, and lets investors compare and contrast the performance of their portfolio against a world of investments.

Benchmark your portfolio against any stock ETF managed fund

Benchmarking portfolios in Sharesight

For quite some time, users have been able to benchmark their portfolio performance against any exchange traded fund available in Sharesight. Exchange traded funds make for excellent ‘index tracking’ benchmarks because they take into account all the inner workings of a real portfolio, including fees, dividends and any franking credits that may apply, whereas an index is purely theoretical.

After releasing our ETF benchmarking feature, Sharesight users called for us to expand our benchmarking feature to include mutual/managed funds, stocks, and unit trusts. We’ve now opened up these additional instrument types in Sharesight’s benchmarking feature, so users can take their benchmarking to the next level.

How to choose a portfolio benchmark in Sharesight

From the Portfolio Overview page, click on the “Add a Benchmark” button. In the “Search for a Benchmark” field, type the market code and select the desired instrument from the results (in the image below, we entered a managed fund that tracks the ASX 300 index - the VAN0002AU.FundAU Vanguard Australian Shares Index Fund).

Choosing a Benchmark

Then select the “Graph performance index” option in the chart type drop-down menu to see your performance against the benchmark:

Benchmarking Your Portfolio

How benchmarking works in Sharesight

Sharesight’s benchmarking engine assumes a common investment amount and start date to calculate the benchmark’s performance. In this instance we’ve selected a time period of “since first purchase” which will set the benchmark start date to the date of the first holding purchased in the portfolio – though there are other options available.

Make sure to read our step-by-step guide to benchmarking as well as our Help section on how to interpret the return index graph to make the most of Sharesight’s benchmarking feature.

Upgrade today to benchmark your portfolio

Benchmarking is available to all Sharesight clients on Investor, Expert, and Sharesight Pro plans – to access this feature upgrade today!

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