Money-Weighted vs Time-Weighted Return (MWR vs TWR) | CFA® Program Level I

Money-weighted vs time-weighted return explained visually: the IRR of your cash flows, chained sub-periods, and how to annualize both. ▶ Try a full module of our Level I platform free: https://app.sharpeandclear.com/l1/#/m... ▶ The full Level I course, all 10 topics: https://sharpeandclear.com/?src=yt-mw ▶ Previous lesson, HPR and the geometric mean:    • Holding Period Return and the Geometric Me...   ▶ New to the BA II Plus? Our beginner video:    • BA II Plus for Beginners: Setup, Memory, C...   ▶ The cash flow worksheet in depth (NPV and IRR): Coming soon. ▶ Full series:    • Level I Quantitative Methods, Explained Vi...   Chapters 0:00 Intro: one fund, two returns 1:22 Our platform 2:00 Cash flows: money in, money out 2:55 Time-weighted return: the fund’s return 6:27 Money-weighted return: your own IRR 8:29 Your MWR on the BA II Plus, then per year 10:22 Which one, when? Who controls the money 12:53 Exam-style practice questions 15:01 Recap: both returns on one card For CFA® Program Level I candidates and finance students: the money-weighted (dollar-weighted) and the time-weighted return, each formula decoded symbol by symbol, the BA II Plus keys, what to learn by heart, and 2 exam-style practice questions. Educational content only, not investment advice. Invented examples. Not affiliated with or endorsed by CFA Institute. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. BA II Plus is a trademark of Texas Instruments, used descriptively. Not affiliated with Texas Instruments. #MoneyWeightedReturn #TimeWeightedReturn #IRR