Each Model Portfolio page in Stock Doctor includes a performance chart that shows how the portfolio has performed over time compared to a benchmark. This article explains what the chart shows and how to interpret it.
What the chart shows
The performance chart displays the notional cumulative return of the portfolio from a selected start date to the present. It is shown alongside the All Ordinaries Total Return index (XAOAI) as a benchmark, which tracks the total return of the ASX All Ordinaries including capital growth and dividends reinvested.
Time period options
You can view performance across the following timeframes:
- 1Y - Last 12 months
- 3Y - Last 3 years
- 5Y - Last 5 years
- 10Y - Last 10 years
- Inception - From the portfolio start date to today
Not all portfolios will have data across all timeframes. Newer portfolios may only show shorter periods.
What notional performance means
Performance figures shown in the chart are notional. This means they are calculated on a simulated basis and do not represent actual returns achieved by a real traded portfolio. Specifically:
Dividend distributions are reinvested into the relevant investments on their ex-entitlement dates. Franking credits are not included.
All trades assume sufficient liquidity to buy or sell the required volume at the closing price on the day of a portfolio change or re-balance.
Transaction costs of 0.2% apply to each buy and sell transaction.
Government charges, tax, and Stock Doctor subscription fees are excluded.
Notional performance is useful for comparing strategies and understanding how a model has behaved historically. It is not the same as the return you would have experienced as an actual investor.
What is the XAOAI benchmark?
The XAOAI (All Ordinaries Total Return index) measures the total return of the ASX All Ordinaries index, including capital growth and dividends reinvested. It is used as a benchmark because it represents the broad Australian share market, allowing you to compare whether a Model Portfolio has outperformed or underperformed the market over a given period.
Important information
Past notional performance is not a reliable indicator of future performance. The performance chart is provided for research and educational purposes only. You should not make investment decisions based on a portfolio's historical notional performance alone. Please read the Important Information section on each portfolio page for full assumptions and disclosures.