Portfolio Comparison
The portfolio comparison tool allows you to select a portfolio from your list of saved portfolios and create a quick comparison report against another of your portfolios. You can compare performance, ratios and portfolio breakdowns with the ability to customise your report.
You can access the Portfolio Comparison reports from two places:
Portfolio Builder - Select Compare Portfolio from the Reports menu in the Portfolio Builder and a pop-up with your current open portfolio will appear. Select another portfolio and also a benchmark from the Benchmark drop down to compare against. The drop down will include any instruments in your active list so that you can benchmark both portfolios against the same instrument. The default benchmark option is to benchmark each portfolio against its own benchmark.
Reports Tab – To create a report firstly select your portfolios using the two drop downs under the Portfolio Comparison option in the Report tab. Then select a benchmark option from the Benchmark drop down. Again the default option will be to benchmark each portfolio against its own benchmark. The drop down will include any instruments in your active list so that you can benchmark both portfolios against the same instrument.
Comparison Report
The portfolios will be displayed side by side for ease of comparison and the default report will contain a number of different sections:
- Freeform Text – each portfolio allows free form text for any further information.
- Portfolio Holdings – as a default this table will show the top 5 holdings by % weighting along with other items. Full holdings can be displayed if available by clicking “All Holdings”.
- Cumulative Performance Chart – the default chart is over 5 years but this can be changed as required.
- Cumulative Performance Table - this table displays 1, 2, 3, 4 and 5 year cumulative performance for each portfolio and the benchmark to the latest price.
- Discrete Calendar Year Performance Table - this table displays performance for the last 5 discrete calendar years where available for the portfolios and benchmarks.
- Rolling Volatility Chart – displays rolling volatility over 1 year (as default) but can be changed to 3 years.
- Ratio Table – displays selected portfolio ratios against the benchmark.
- Asset, Region and Sector Allocations – tables display latest asset, region and sector allocations.
Report Settings
The comparison report is flexible, allowing you to include or exclude parts of the report as well as changing the performance end.
To customise the report layout go to settings in the File menu. The performance end point is defaulted to latest price but this can be changed to last month end using the drop down.
By ticking and unticking sections in the settings allows you to determine what appears in the report. Unticking the Benchmark Performance option will hide the benchmark from the performance and ratio tables.
Once all settings have been set you can update the current report to display the new settings or set the new settings as your default.
Note - that the benchmark will still be used for necessary ratio calculation.