WealthAnalyze a Canadian portfolio without blind spots
A complete method for reading allocation, return, risk, fees and tax context across every investment account.
Updated July 17, 2026 · Canadian educational resource
The four views that explain the real portfolio
Total value matters, but it does not show whether growth came from markets, new contributions or currency movement. Start with four complementary views.
Those views need to be consolidated across TFSAs, RRSPs, FHSAs and non-registered accounts. A position that looks diversified in one account can hide a large concentration once every account is combined.
A five-step portfolio analysis method
Bring the accounts together
Import or sync each account without moving the assets. Preserve account type and currency so the comparison remains meaningful.
Validate the data
Check symbols, quantities, cost and exchange rates. A Canadian security missing its .TO suffix can distort both currency and value.
Read consolidated allocation
Look through funds to their underlying holdings and measure overlap rather than counting the number of tickers.
Compare performance fairly
Use the same period, currency and a relevant benchmark. Keep contributions separate from investment return.
Connect findings to the objective
Concentration and volatility only become useful in the context of time horizon, planned withdrawals and risk capacity.
Questions to ask before changing anything
| Question | Signal to inspect | Common mistake |
|---|---|---|
| Why did value change? | Return, deposits, withdrawals and currency | Calling every increase investment return |
| Am I actually diversified? | ETF overlap and top-ten holding weights | Counting funds instead of underlying holdings |
| Is the benchmark fair? | Same currency, period and dividend treatment | Comparing a balanced portfolio only with the S&P 500 |
| Are fees visible? | MER, FX conversion and platform fees | Looking only at trading commissions |
| Does risk fit the horizon? | Concentration, volatility and liquidity needs | Changing strategy after one short decline |
Portfolio analysis guides and tools
Move from the high-level diagnosis to focused checks, then open the real portfolio in WealthWise.
How to read a portfolio analysis
Decode each dashboard block without confusing balance with return.
New guideCompare two portfolios correctly
Normalize period, currency, cash flows and risk before drawing a conclusion.
New guideConsolidate accounts without transferring
Build one view while leaving assets at their current brokers.
RiskPortfolio concentration risk score
Measure dominant holdings and hidden overlap.
PerformancePortfolio versus S&P 500 benchmark
Choose a coherent benchmark and interpret the gap.
ToolPortfolio tracker Canada
Import positions and analyze all accounts together.
Sources and method
Rules, limits and fees change. The primary sources below were reviewed on July 17, 2026. Always verify the official version before acting.
- Canada Revenue Agency — tax rules and registered accounts
- Bank of Canada — exchange rates and economic series
- Financial Consumer Agency of Canada — general saving and investing principles
Frequently asked questions
What should I check first in a portfolio?
Data quality: included accounts, currencies, symbols, quantities, cost and dates. A diagnosis based on incomplete data can produce a misleading conclusion.
Is a portfolio with several ETFs automatically diversified?
No. Several ETFs can own the same large companies. Inspect underlying holdings, countries, sectors and the true weight of each exposure.
Which benchmark should I use?
Use a benchmark that resembles the portfolio by currency, asset mix and risk. The S&P 500 alone is rarely a complete benchmark for a balanced Canadian portfolio.
Can WealthWise move or trade my investments?
No. WealthWise is a tracking and analytics tool. Supported broker connections are read-only and WealthWise does not execute trades.
See the whole portfolio, not isolated accounts
Bring positions together, inspect overlap and track the useful signals in one Canadian dashboard.