How can I compare my portfolio to an index?
To compare against an index you'll want to create a new
investment to track whatever index you'd like to compare against. You
may want to create a new sub-portfolio to put these indices in. You can
put the indices sub-portfolio at the same level as your sub-portfolio, so you
can report on them separately, but see both on the same report or graph.
To get ROI yields out of the index you would need to record a purchase
on or before the earliest date you'd like yields for. A purchase
of $1 will work fine, the amount of the purchase does not matter.
Besides reports, you can also graphically
compare your portfolio against any indices using the "Graphs /
Portfolio/Investments Overlay" graph types. To choose the overlaid
portfolio/investments, see "Graphs / Options / Overlaid Portfolios and
The Advisor version offers the
Executive Summary report, where you can choose any indices you want
to compare against your portfolio. This report uses Time-Weighted
Returns (TWR) for calculating performance on the indices, so it is not
necessary to own any shares of the index.
To find the symbols used by Yahoo for
many of the most common indices, see their
Return to the FAQ.