Portwise

Methodology

Definitions used in the product. This page is intentionally concise and versioned through developer letters.

Volatility (annualized)

Standard deviation of daily portfolio returns, scaled by the square root of 252 trading days.

Beta

Covariance of portfolio and benchmark returns divided by benchmark return variance over the selected window.

Max drawdown

Largest peak-to-trough decline in cumulative return series for the selected period.

ETF overlap

Sum of minimum weights for shared holdings between two ETFs at a given as-of date.

Freshness fields

asOf indicates market data date used for the metric.computedAt indicates when the metric was calculated.

Portwise | Risk Clarity with Transparent Methodology