Free Tools
Time-Weighted Return Calculator
Calculate the true performance of your portfolio by eliminating the distorting effects of deposits and withdrawals — the industry-standard method used by professional fund managers.
✂️01
Split into sub-periods
Each cash flow creates a new measurement period
📐02
Calculate each HPR
Holding Period Return = (End − Begin) ÷ Begin
🔗03
Chain-link the returns
Multiply (1+HPR1) × (1+HPR2) × ... − 1
Sub-Period Data
Total years:
Period
Begin Value
End Value
Cash Flow
Timing
HPR
$
$
$
—
$
$
$
—
$
$
$
—
$
$
$
—
Cash flow tip: Positive = deposit/contribution. Negative = withdrawal. Timing affects which sub-period the flow is attributed to.
Frequently Asked Questions