BacktestFolio · Glossary
MWRR
In plain language
Measures the effective return on your invested money, taking into account when each pound or euro was contributed. If you invested more just before a crash, the MWRR will be worse than the TWRR for the same portfolio.
Technical definition
Money-Weighted Rate of Return: the internal rate of return (IRR) that sets the net present value of cash flows to zero; sensitive to the amount and timing of contributions and withdrawals (DCA, withdrawals).