Performance

/performance measures one thing: your invested portfolio, meaning the lines held in a PEA, a life-insurance contract or a securities account. Crypto is a category of its own and counts in none of these figures. Neither does a passbook, a property or a loan.

That is the difference from Evolution and from the dashboard, which read your whole net worth. Here, money moving in and out is neutralised, so what is left is the market’s doing.

The six metrics

Metric	What it answers
Invested	What you put in, buys less sells, gains excluded.
Invested value	What those lines are worth today.
Unrealized gain	The second less the first, as long as you have not sold.
IRR	Money-weighted return: what your money earned, each contribution counted from the month it was paid in.
TWR	Time-weighted return: the portfolio’s own performance, neutral to contributions. The one to compare against an index.
Volatility and Sharpe	How much it moves, and whether the return paid for that movement.

These figures need dated lots

IRR, TWR, volatility and the index comparison all need to know what you paid and when. Lines entered with a cost price but no dated lot leave those cells blank rather than stating a number nothing backs, and the card counts them out loud: “N invested lines of M carry no dated lot.” An unpriced line weighs zero and is left out of the amounts entirely. Orders are entered from an account’s Movements tab, as Holdings describes.

Against an index, and against its own peak

Performance vs index rebases your portfolio and a reference index to 100 at your first invested month. The index is yours to pick and is kept with your preferences. The note under it matters: the comparison runs against the price of a tracker quoted in euros, which carries that fund’s ongoing charges, where the bare index does not.

Decline from the peak gives two numbers: Today, the current gap to your high water mark, and Worst dip, the deepest fall so far. Both are measured on performance, so a withdrawal never shows up as a drop.

Two readings of the calendar

The Monthly performance grid is the one card on this page that can leave the invested portfolio, and it opens on the wider of the two:

• Whole net worth (€): the month-over-month change of everything you hold, savings and contributions included. This is “did my wealth grow in March”.
• Invested portfolio (%): the chained return of the invested lines, contributions excluded. This is “did my investments do well in March”.

A month where you paid in €2,000 and the market fell will be green in euros and red in percent. Both are correct; they answer different questions. The grid starts at your first invested month either way.

The Annual summary at the foot takes the euro view one step further and splits each year into Market gain and Savings / added, which add up to the net worth change. Only the first column measures your investments. Fees are not here: they are on Fees.