Why Sharesight is the best alternative for Morningstar Portfolio Manager
As of April 2025, Morningstar has retired its portfolio tracking tool, Morningstar Portfolio Manager, along with its portfolio X-ray tool. In this article, we will compare Morningstar Portfolio Manager to Sharesight, including a detailed breakdown of the comparable features between the two portfolio trackers. We will also explain how you can automatically export your Portfolio Manager data to Sharesight, and why Sharesight is the best portfolio tracker for UK investors.
What is Sharesight?
Designed for self-directed investors, Sharesight is a comprehensive online portfolio tracking tool that automatically tracks the performance of your investments – eliminating the need for Excel spreadsheets. Unlike the data provided by most brokers, Sharesight considers the impact of capital gains, dividends, brokerage fees and currency fluctuations when calculating returns, giving you the complete picture of your performance. Sharesight also offers a range of powerful reporting tools designed to give you deep insight into your performance, asset allocation, diversification, risk profile, tax planning and more – allowing you to make informed decisions about your portfolio.
Sharesight vs. Morningstar Portfolio Manager
| Feature | Morningstar Portfolio Manager & X-ray tool | Sharesight's portfolio tracker |
| Asset support |
Stocks, ETFs, unit trusts/OEICs, pension funds |
Stocks, ETFs, managed/mutual funds, cryptocurrency, property, other unlisted investments such as art, boats, etc. |
| Automated broker support |
Limited, if any, direct broker feeds |
Extensive automation with many popular UK brokers, including Interactive Investor, Trading 212, Interactive Brokers and more |
| Corporate actions |
Basic handling |
Automated handling of many corporate actions (dividends, DRPs, splits, etc.) |
| Portfolio x-ray / diversification tools |
Portfolio X-ray offered a detailed look-through of funds/ETFs (underlying holdings, asset allocation, sector, geographic exposure, stock style). It identified any overlaps |
Exposure report: Displays ETF and fund underlying holdings, helping investors identify portfolio overlap Diversity report: Provides a detailed breakdown of a portfolio’s asset allocation by country, sector, industry, market and custom groupings |
| Downside risk / Drawdown analysis |
The X-ray tool helped investors understand risk through factor exposures (e.g., value/growth style) and concentration. Performance history would show drawdowns |
The drawdown risk report provides a useful metric to visualise the ratio of performance returns and max drawdowns in an investment through a metric called RoMaD (Return over Maximum Drawdown) |
| Benchmarking |
Yes, could compare portfolio performance against standard benchmarks |
Yes, allows comparison against a wide range of market benchmarks and ETFs (over 750,000 instruments) |
| Performance tracking |
Tracked overall portfolio and individual holding performance |
Detailed performance reporting (simple and compound methods), shows capital gains, dividends, currency impact, brokerage fees |
| Income reporting |
Tracked dividends |
Taxable income report: Details all income events (dividends, distributions, interest) with relevant dates and amounts for the UK tax year |
| CGT reporting |
Limited specific CGT reporting. Data was exportable for manual calculation |
No dedicated UK CGT report that automatically applies all HMRC rules (e.g., bed and breakfasting, same day rule). Offers a sold securities report which calculates gains on sales (typically using an average cost basis). This report provides raw data that then requires manual adjustment or accountant review for UK CGT compliance |
| Handling ISAs/SIPPs |
Could be tracked as separate portfolios, but no specific tax treatment logic for these wrappers within the tool itself |
Can be set up as separate portfolios. Income/gains are calculated, but UK users would manually disregard CGT implications for these wrappers as they are tax-exempt |
| Data exports |
Premium members could export to Excel. Morningstar stated data export would be available from July 2025 |
Comprehensive export options for all reports (Excel, PDF, Google Drive). Trades can also be exported |
| Price |
Part of free and Premium Morningstar memberships (Premium offered more features like X-ray and data export) |
Freemium model: Free plan (limited to 1 portfolio, 10 holdings). Paid plans unlock more portfolios, unlimited holdings, advanced reports and priority support |
| Research and ratings |
Portfolio Manager integrated with Morningstar's extensive fund/stock research, analyst reports and ratings |
Not a primary feature. Sharesight focuses on tracking and reporting your investments, not providing research or recommendations |
Key benefits of tracking your portfolio with Sharesight
While there are some differences between Sharesight and Morningstar Portfolio Manager, Sharesight is the best alternative for UK investors seeking a comprehensive portfolio management solution. Not only does Sharesight largely fill the gap that Portfolio Manager leaves behind, it also offers a range of advanced features that go beyond what was previously available with the Morningstar solution.
Expanding a little on the comparison table above, here are a few of the areas in which Sharesight offers benefits beyond Morningstar Portfolio Manager:
More extensive asset support
While Morningstar Portfolio Manager supported core asset classes such as stocks, ETFs, unit trusts/OEICs and pension funds, Sharesight offers tracking for a wider variety of assets. In addition to stocks and ETFs, Sharesight supports managed and mutual funds, cryptocurrency, property, and even unlisted investments such as art. This flexibility allows you to track all of your investments in one place.
Automatic trade data syncing
Morningstar Portfolio Manager offered limited, if any, automated broker feeds. In contrast, Sharesight automates trade data syncing from over 200 global brokers, including a range of leading UK brokers. This automation means trades are imported and updated seamlessly, saving time and reducing the risk of manual data entry errors.
Portfolio analysis tools
One of Morningstar’s most valued features was the Portfolio X-Ray tool, which provided deep insights into asset allocation, geographic and sector exposure, as well as fund look-throughs. Sharesight offers similar (and in some cases more customisable) tools. For example, the exposure report reveals the underlying holdings of ETFs and managed funds, allowing investors to spot overlaps and assess the portfolio’s exposure to different markets, sectors and more. Sharesight’s diversity report also provides investors with a breakdown of their portfolio’s asset allocation by country, sector, industry, market and even custom groupings. Together, these tools help investors understand their portfolio’s composition and concentration risks at a glance.
Detailed income reporting
For investors who rely on income or need accurate records for HMRC self-assessment, Sharesight’s taxable income report is essential. It tracks all income events—including dividends, distributions and interest payments—clearly outlining the amounts and relevant dates within the UK tax year. This level of detail helps simplify investors’ income tracking and tax preparation. The future income report is another useful tool for dividend investors to project their cashflow by getting a view of upcoming announced dividends. It also gives investors the option to review their dividend income over the past year or even since the inception of the portfolio.
True performance tracking
Going beyond basic performance summaries, Sharesight delivers detailed and transparent performance reporting. Investors can view both simple and compound returns for their overall portfolio and individual holdings, factoring in capital gains, dividends, currency fluctuations and brokerage fees. This approach ensures investors understand the true drivers of their portfolio's performance over time.
How to import your Morningstar Portfolio Manager data to Sharesight
If you’ve been tracking your portfolio with Morningstar Portfolio Manager, it’s easy to get your trading data into Sharesight.
The first step is to log into your Morningstar account and navigate to your trading account to find the link to download your trades.
Then if you haven’t already, sign up for a free Sharesight account and create a new portfolio.
Once you’ve started a new portfolio, you will be prompted to import your trades using one of three methods. Simply select ‘Search for your broker’ and type ‘Morningstar’ into the search bar. After clicking on the broker tile, you will have the option to upload the spreadsheet of trades you downloaded from Morningstar. Sharesight will then populate your portfolio with all your trading data, inclusive of dividends and distributions.
You can import your Morningstar Portfolio Manager data to Sharesight in just a few quick steps.
Track your performance and tax with Sharesight
See why UK investors are switching from Morningstar Portfolio Manager to Sharesight — sign up for a free account to start tracking your performance, tax, diversification and more.
FURTHER READING
- See what’s inside your ETFs with Sharesight’s exposure report
- Calculate portfolio risk with Sharesight's risk reporting tool
- Calculate your investment portfolio diversification with Sharesight
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