Starting in January 2017, Canadian investors may have difficulty comparing their performance to a suitable benchmark. This is because provincial securities regulators will require advisors to report money-weighted rates of return, which are less useful for benchmarking. By using an approximate time-weighted rate of return (such as the Modified Dietz method), investors will be better able to gauge their performance relative to index benchmarks.
![](https://www.pwlcapital.com/wp-content/uploads/2020/02/PWL-Modified-Dietz-ROR-Calculator-2020-Mockup.jpg)
For more calculators from Justin Bender, visit his Canadian Portfolio Manager website!