Chart performance changes depending on base currency

English
1

Hello, I have a vault in EUR. When I add a new instrument, say an ETF tracking the MSCI World, its returns are in USD. If I set this instrument’s currency to USD, its performance in the Chart section is different than if I set this instrument’s currency to EUR. How does it work? What determines the difference in the performance? I don’t know what currency I should set for the securities I add. I want to be sure that in the performance and chart sections I am comparing apples to apples.

May anyone explain in detail what one should do in this situation?

Thanks!

2

Use the currency in which you bought the stock.

3

Hi, thanks for the response.

I am using the Chart section just to do backtesting and comparisons, I am not actually buying the securities. I want to make sure I am comparing the performances of the securities properly.

4

Well then you need to compare similar things or you make use of the benchmark. Ultimately you need to define what and which KPI’s you like to analyze.