Time-weighted return (TWR)
Time-weighted return cuts your history into slices at every deposit and withdrawal, measures the return of each slice, and chains the slices together. Because each slice is measured on whatever was in the account at the time, the size of the account never enters the result. A five percent gain counts the same whether it happened on one thousand euros or on one hundred thousand.
Why it matters
That property is the whole point. An index has no opinion about when your salary arrives, so a number that still carries your deposit timing cannot fairly be laid against one. Time-weighted return is what funds report for the same reason: it measures the selection rather than the schedule. What it deliberately leaves out is how much money was present when things went well, which is the question the money-weighted figure answers instead.
How BullBenchmark shows it
The dashboard opens with your time-weighted return since you started, computed from your own transactions, next to the S&P 500 and the Nasdaq 100 over the same days. Time travel rebuilds the whole page for a chosen day in the past, so the same chained calculation can be read as it stood a year ago rather than only as it stands today. Both the headline number and the date control are working in the demo dashboard.
Related terms
Money-weighted return (MWR) · Cash-flow replay · Annualized return
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