In a Portfolio, this symbol will also be shown in the column header of each benchmark column. See the section, Configuring Columns, for how you can add these columns to your portfolio.īenchmark Symbol - The currently configured benchmark comparison symbol. StockMarketEye provides the following columns that can be added to your portfolios, allowing you to compare your investment’s performance vs the chosen benchmark. You may want to use one of these ETFs or mutual funds as your benchmark symbol, rather than the index itself as the ETF represents something you can actually invest in and receive dividend payments from, making the comparison more realistic.įor example: DIA is an ETF that mirrors the Dow Jones Industrial Average SPY is an ETF that mirrors the S&P 500 Index and QQQ is an ETF that mirrors the NASDAQ-100. ETFs or mutual funds that mirror indexes however can (and often do) pay dividends. Indexes do not pay dividends themselves because they are not tradable securities. For example, you may wish to use the SPY, an ETF that corresponds to the price and yield performance of the S&P 500 and pays dividends (which a pure index symbol, such as ^GSPC, does not). A number of world indexes have been included in the list, but you can also enter your own symbol. You can change this symbol in the Portfolio’s Settings window, in the “Portfolio” tab as seen in the image below. Setting the Benchmark Symbol for a Portfolio ¶īy default, the benchmark columns will use the S&P 500 index, ^GSPC, as the comparison benchmark. You can use any ticker symbol as your comparison benchmark and you can use a different benchmark for each portfolio.
To help give you this important perspective on your investments, StockMarketEye provides “Benchmark” columns to help compare your investment’s performance with the broader market. However, if the broader market, as defined by an index or an ETF that mirrors the index, has improved by 15%, your investment’s 10% improvement may not be as good as you think. Comparing that gain or loss to what’s happening in the broader market, gives you another important perspective and another data point in your decision making process.įor example, an investment that has improved 10% over the last 6-months sounds good.
But knowing an investment’s gain or loss is only part of the picture. Gauging the performance of your investments is an important part of the investment process.
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