BacktestFolio · Glossary
Winrate
In plain language
Instead of looking at who won overall, Winrate tells you how many times you beat the rival in each individual historical sub-period. A Winrate of 70% means that across all 5-year windows in the sample, your portfolio beat the competitor 7 times out of 10.
Technical definition
Percentage of rolling periods in which a portfolio outperformed its competitor on a chosen metric (Sharpe, CAGR or other) out of all common periods analysed. Used in the comparative analysis and Pairwise modes.