Time-Weighted Return Calculator
Calculate time-weighted return (TWR) to measure investment performance independent of cash flows.
Sub-Periods
Period 1
$
$
$
Period 2
$
$
$
Period 3
$
$
$
TWR Formula: Product of (1 + HPR) - 1, where HPR removes cash flow impact
Time-Weighted Return
+7.29%
Over 3 sub-periods
Annualized TWR
+32.51%
Geometric Mean
+2.37%
Sub-Period Returns
Period 1+5.00%
Period 2-2.61%
Period 3+4.92%
Summary
Initial Value$10,000.00
Total Cash Flows$1,000.00
Final Value$12,800.00