Performance is calculated in frankly using the modified Dietz method, which is based on the MWR (money-weighted return) approach. In contrast to the time-weighted return (TWR), this also takes into account the fact that cash inflows and outflows occur at different times. The MWR methodology also factors in the level of periodic investments. This means that periods with higher cash inflows or outflows are given a higher weighting than periods with lower investments or divestments. It should be noted that in the modified Dietz method the return is calculated from the beginning of the investment process on the average invested capital. In the case of high investments or divestments (e.g. in the case of early withdrawal for owner-occupied residential property), the performance can therefore produce a misleading result as the cash inflows or outflows are still included in the average invested capital.

At frankly, updates of prices and the number of units in the investment products and the corresponding recalculation of the performance do not take place simultaneously. This means that returns may be temporarily presented incorrectly in the evening.

Performance is shown rounded up or down.

Appliance in eBanking and mobile banking of Zürcher Kantonalbank

The performance of the total frankly assets is calculated in the app using the modified Dietz method, which is based on the MWR (money-weighted return) approach. 

The simple performance calculation is applied in eBanking and mobile banking, and then only to the securities holdings.