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Tracking partial amounts of the same listing for different strategies

Hi all,

I've been setting up labels in my account but have hit a roadblock:

I'm trying to find a way of tracking the performance separately of two strategies using partial amounts of the same listing.

For example, if I own 80% of an ETF as a core holding, but was buying and selling 20% of the same ETF as part of an active strategy, I'd like to be able to monitor the performance of the active strategy separately from the core portion. (And in combination with the other investments in the strategy).

Unless you have another suggestion I've overlooked the ways I can see this working would be allowing a second listing of the same equity "ETF.NYS (2)" or being able to select which labels a buy or sell trade is to be applied to, when multiple labels are present (Preferred).

Thanks guys! And once again, superb product!!
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  • Hi Michael,

    Firstly thanks for your feedback on the product, much appreciated.

    I understand your requirement for tracking partial amounts of the same holding, unfortunately we don't have an ideal solution for this at the moment.

    The only solution that I can think of would be to set up separate portfolios for 'active' vs 'core' holdings which can then be combined for overall performance monitoring using a consolidated view. One thing to keep in mind with this approach however is that tax reporting can only be run at the portfolio level (not against a consolidated view).
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  • Michael,

    If the ETF you are trading is part of our benchmark ETFs, then I think you could use that ETF as your benchmark and then record all your trades in that same ETF as your normally would. That should then show you whether your trading was adding value or not against the same ETF.

    The benchmark basically assumes that you buy and hold the ETF for the period in question with no trading.

    Would this help? Scott, not sure if you agree with this approach?
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  • Scott, Andrew,

    Thank you very much for your suggestions. Using a single benchmark ETF unfortunately won't achieve what I'm trying to do, as I'm comparing the results of two groups of ETFs (Two sub-portfolios if you will) to one another that use a different re-balancing and allocation strategy. I want to keep a track of how much capital is allocated to each sub-portfolio, and it's total comparative performance. The labelled reporting allows me to achieve this perfectly by running reports on a labelled group, except when the same ETF falls into both groups hence reflecting trades made in both.

    I think Scott is right that the closest I can get to this at present is setting up additional portfolios, albeit at the detriment of tax reporting. I'll have a think about it.

    Thanks again and have a great day guys!
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