Portfolio123 vs Testfol.io comparison

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

Both Portfolio123 and Testfol.io keep freemium access with optional paid upgrades, so you can trial each platform before committing.

Both Portfolio123 and Testfol.io prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.

Portfolio123 differentiates itself with Web‑based quant research terminal for building multifactor ranking systems, stock/ETF screens, and complete rules‑based strategies with no programming, powered by point‑in‑time FactSet data and marketed as free of survivorship and look‑ahead bias., Supports realistic simulations and backtests over roughly 20 years of history for US, Canadian, and European equities, with custom universes, separate buy/sell rules, position sizing, hedging, and “Book of Strategies” to combine and analyze correlated systems., and Stock & ETF coverage uses fundamentals, estimates, corporate actions, plus industry/sector classification, with “over 15,000 current US, Canadian, and European stocks” and many more historical issues., whereas Testfol.io stands out for Portfolio Backtester for constructing multi-asset portfolios (tickers like ETFs, mutual funds, and stocks) with cashflow legs and rebalancing controls (incl. rebalance bands)., Backtest results include performance & risk statistics such as cumulative return, CAGR, MWRR, max drawdown, volatility, Sharpe/Sortino, beta, etc., and Asset Analyzer for historical performance analysis and correlations; correlations are calculated using daily returns..