Look-through analysis opens every ETF and mutual fund you own and adds up what is inside: the stocks, sectors and countries.
You see your real exposure, including the same company held through several funds. It works across all your accounts and is included in the Free plan.
This is the look-through panel from the Track page, with a hypothetical portfolio. Switch between dollars and risk, page through the lists and hover any slice.
Interactive look-through panel from the PortfolioPilot Track page, shown with a hypothetical demo portfolio. It breaks the portfolio's ETFs and mutual funds into the stocks, sectors and countries they hold, in three donut charts: by country, by sector and by underlying holding. A toggle switches between exposure in dollars and exposure in risk, and each holding lists the funds and stocks in the portfolio that add up to it.
The portfolio is hypothetical, and all figures are for demonstrative purposes only. Nothing shown is a recommendation to buy or sell any security.
Popular index funds hold many of the same companies. Move the amounts and watch how much ends up in the same few stocks.
Fund overlap calculator. Four sliders set a hypothetical dollar amount in an S&P 500 index fund, a Nasdaq-100 index fund, a total US stock market fund and a technology sector fund. Using approximate fund weights, it shows what share of the total ends up in the three largest US stocks, and what share is in the technology sector compared with about 31% for the US stock market as a whole.
Three steps from your accounts to the answer.
Connect brokerages, 401(k)s and IRAs from 12,000+ institutions, upload a statement, or enter holdings by hand.
Each ETF and mutual fund is broken into its underlying holdings, weighted by how much of it you own. Individual stocks count as themselves.
By country, by sector and by underlying holding, in dollar or risk terms. Hover a holding to see which of your funds and stocks add up to it.
Look-through analysis tells you where the overlap is. These are the places in PortfolioPilot that act on it.
Holdings concentration is one of its ten areas, and it is measured with look-through analysis.
Personalized Recommendations suggest specific trades and show how each one would change your Portfolio Score. Part of Gold.
The Portfolio Optimizer reweights your current holdings at your risk level. It is open on every plan.
When two of your funds hold the same stocks, you pay each fund a fee for them. The fee analyzer shows what all your funds cost you each year.
Its Downside Protection grade checks for too much weight in one holding, sector or region
See how a concentrated mix would have come through 2008 and 2020
Overlapping funds can mean paying two expense ratios for the same stocks
Put your portfolio next to the S&P 500 or a draft, side by side
Add your accounts or upload a statement. Look-through analysis is included in the Free plan.
Get startedShort answers here, with a link to the full help center article where one exists.
It opens each fund in a portfolio and adds up the underlying stocks, bonds, sectors and countries, so you see your real exposure instead of a list of fund names.
They can. Two funds that hold many of the same large companies add less diversification than their names suggest, and a fall in those companies hits both.
Yes. Portfolio X-ray and fund X-ray are other names for the same idea: looking inside funds to see the underlying holdings.
Scroll to the bottom of the Track page to see your portfolio broken into component holdings. The same view is on the Comparison page under holdings. Read more in the Help Center →
Concentration risk is holding too much in one security, sector or asset class. PortfolioPilot surfaces it so an outsized position cannot blindside you. Read more in the Help Center →
Prices update daily after the close and forecasts weekly. ETF holdings, the stocks inside the fund, refresh periodically as fund companies publish new filings. Read more in the Help Center →
Not yet. PortfolioPilot supports US and Canadian exchanges, and ADRs and CDRs can stand in for international companies in the meantime. Read more in the Help Center →
Yes. It is part of the Free plan, on the Track page and on Analysis & comparison.
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