VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Tuesday, October 28, 2025

Tool Comparison

AmiBroker vs Asset Allocation Interactive (AAI) — Research Affiliates comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

AmiBroker adds Quant, Backtesting, Screeners, Monte Carlo, Risk Metrics (VaR/ES/Drawdown), APIs & SDKs, and Auto-Trading & Bots coverage that Asset Allocation Interactive (AAI) — Research Affiliates skips.

Asset Allocation Interactive (AAI) — Research Affiliates includes Valuation Models categories that AmiBroker omits.

Asset Allocation Interactive (AAI) — Research Affiliates keeps a free entry point that AmiBroker lacks.

In depth comparison

AmiBroker

amibroker.com

Windows desktop platform for technical/system research with a fast AFL scripting language, portfolio‑level backtester, walk‑forward testing, Monte Carlo, and extensive optimization. Real‑time capability and instrument coverage depend on the data plug‑ins you use (e.g., IQFeed, eSignal, Interactive Brokers, Norgate Data). Auto‑trading to IB is available via the official interface. Licenses are perpetual with 24 months of updates.

Platforms

Desktop

Pricing

One-time

Quick highlights

Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore.
Walk‑forward testing integrated with optimization; in/out‑of‑sample stats.
Monte Carlo simulation (custom metrics can drive optimization/WF objective).
Very fast multi‑threaded optimization with 3D optimization surface visualization.
Exploration/Scanner to build custom screeners and reports via AFL.

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Asset Allocation Interactive (AAI) — Research Affiliates

interactive.researchaffiliates.com

Editor’s pick Hands-on review

A free interactive platform that publishes Research Affiliates’ capital market expectations each month. You can explore expected returns, correlations, and efficient frontiers across a wide set of asset classes and geographies. Excel downloads are available (though without full time-series) and charts can be exported. All results are model-based, hypothetical, and provided for informational purposes only.

Platforms

Web

Pricing

Free

Quick highlights

Two expected-return models: one valuation-driven and one based on yield and growth, with the option to blend them.
Interactive Portfolio Builder lets you create, save, and analyze custom portfolios.
Coverage spans more than 140 assets and model portfolios, available in six base currencies (USD, EUR, GBP, JPY, AUD, CAD). Expectations are refreshed monthly and remain free to access.
Country dashboards provide data for 41 equity markets (22 developed, 19 emerging), including GDP trends, CAPE ratios, and inflation views.
Correlation view displays a full heat-map matrix of expected cross-asset relationships.

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Where they differ

AmiBroker

Distinct strengths include:

Quant Backtesting Screeners Monte Carlo Risk Metrics (VaR/ES/Drawdown)APIs & SDKs Auto-Trading & Bots

Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore.
Walk‑forward testing integrated with optimization; in/out‑of‑sample stats.
Monte Carlo simulation (custom metrics can drive optimization/WF objective).
Very fast multi‑threaded optimization with 3D optimization surface visualization.

Asset Allocation Interactive (AAI) — Research Affiliates

Distinct strengths include:

Valuation Models

Two expected-return models: one valuation-driven and one based on yield and growth, with the option to blend them.
Interactive Portfolio Builder lets you create, save, and analyze custom portfolios.
Coverage spans more than 140 assets and model portfolios, available in six base currencies (USD, EUR, GBP, JPY, AUD, CAD). Expectations are refreshed monthly and remain free to access.
Country dashboards provide data for 41 equity markets (22 developed, 19 emerging), including GDP trends, CAPE ratios, and inflation views.

Feature-by-feature breakdown

Attribute	AmiBroker	Asset Allocation Interactive (AAI) — Research Affiliates
Categories Which research workflows each platform targets	Shared: Data Visualizations, Correlation Unique: Quant, Backtesting, Screeners, Monte Carlo, Risk Metrics (VaR/ES/Drawdown), APIs & SDKs, Auto-Trading & Bots	Shared: Data Visualizations, Correlation Unique: Valuation Models
Asset types Supported asset classes and universes	Stocks, ETFs, Mutual Funds, Futures, Currencies	Stocks, Bonds, Commodities, Real Estate
Experience levels Who each product is built for	Intermediate, Advanced	Beginner, Intermediate, Advanced
Platforms Where you can access the product	Desktop	Web
Pricing High-level pricing models	One-time	Free
Key features Core capabilities called out by each vendor	Unique Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore. Walk‑forward testing integrated with optimization; in/out‑of‑sample stats. Monte Carlo simulation (custom metrics can drive optimization/WF objective). Very fast multi‑threaded optimization with 3D optimization surface visualization. Exploration/Scanner to build custom screeners and reports via AFL. Rich AFL scripting language for indicators, scans, backtests, and custom metrics; visual debugger.	Unique Two expected-return models: one valuation-driven and one based on yield and growth, with the option to blend them. Interactive Portfolio Builder lets you create, save, and analyze custom portfolios. Coverage spans more than 140 assets and model portfolios, available in six base currencies (USD, EUR, GBP, JPY, AUD, CAD). Expectations are refreshed monthly and remain free to access. Country dashboards provide data for 41 equity markets (22 developed, 19 emerging), including GDP trends, CAPE ratios, and inflation views. Correlation view displays a full heat-map matrix of expected cross-asset relationships. Efficient frontier visualization shows optimal portfolio mixes on a scatter plot.
Tested Verified by hands-on testing inside Find My Moat	Not yet	Yes
Editor pick Featured inside curated shortlists	Standard listing	Highlighted

Frequently Asked Questions

Which workflows do AmiBroker and Asset Allocation Interactive (AAI) — Research Affiliates both support?

Both platforms cover Data Visualizations, and Correlation workflows, so you can research those use cases in either tool before digging into the feature differences below.

Which tool offers a free plan?

Asset Allocation Interactive (AAI) — Research Affiliates offers a free entry point, while AmiBroker requires a paid subscription. Review the pricing table to see how the paid tiers compare.

How can you access AmiBroker and Asset Allocation Interactive (AAI) — Research Affiliates?

Both AmiBroker and Asset Allocation Interactive (AAI) — Research Affiliates prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.

What unique strengths set the two platforms apart?

AmiBroker differentiates itself with Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore., Walk‑forward testing integrated with optimization; in/out‑of‑sample stats., and Monte Carlo simulation (custom metrics can drive optimization/WF objective)., whereas Asset Allocation Interactive (AAI) — Research Affiliates stands out for Two expected-return models: one valuation-driven and one based on yield and growth, with the option to blend them., Interactive Portfolio Builder lets you create, save, and analyze custom portfolios., and Coverage spans more than 140 assets and model portfolios, available in six base currencies (USD, EUR, GBP, JPY, AUD, CAD). Expectations are refreshed monthly and remain free to access..

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