Time-Weighted Return (TWR) Calculator

Measure pure investment performance eliminating cash flow effects

Cumulative time-weighted return

22.611104%

Annualized time-weighted return

63.106597%

Arithmetic mean per period

4.4%

This uses a standard formula. Periodic rate, compounding frequency, and cash-flow timing follow the displayed inputs; unentered taxes, fees, and market changes are excluded.

Values must be consecutive, equal-length subperiod returns. Annualization uses the entered observations per year. Beta and tracking error are sample- and benchmark-sensitive and do not predict future risk or return.

Time-Weighted Return (TWR) Calculator - GetUtilBox