Quick Overview
- 1#1: Morningstar Portfolio Manager - Provides comprehensive mutual fund analysis, portfolio X-Ray for risk assessment, performance tracking, and asset allocation insights.
- 2#2: Empower Personal Dashboard - Aggregates and tracks mutual fund portfolios across accounts with retirement planning, fee analyzer, and advisor matching tools.
- 3#3: Sharesight - Cloud-based tracker for mutual funds and stocks with automatic dividend reinvestment, tax reporting, and multi-currency performance metrics.
- 4#4: Fund Manager - Desktop application for detailed mutual fund portfolio tracking, charting, reporting, and custom screening.
- 5#5: Quicken Premier - Personal finance software offering transaction-level tracking, performance reports, and tax optimization for mutual fund investments.
- 6#6: Stock Rover - Investment platform with advanced portfolio analytics, mutual fund screening, correlation analysis, and rebalancing tools.
- 7#7: Portfolio Visualizer - Free web tool for mutual fund portfolio backtesting, Monte Carlo simulations, factor analysis, and optimization.
- 8#8: Koyfin - Customizable dashboards for monitoring mutual fund portfolios with real-time data, charts, and macroeconomic insights.
- 9#9: SigFig - Automated portfolio tracker that analyzes mutual fund holdings, detects fees, and suggests optimizations.
- 10#10: YCharts - Research platform with mutual fund portfolio tracking, customizable charts, peer comparisons, and exportable reports.
We selected and ranked these tools based on rigorous evaluation of features, usability, reliability, and value, ensuring they represent the most robust and practical choices for managing mutual fund investments effectively.
Comparison Table
Navigating mutual fund portfolio management can be simplified with the right software, and this comparison table highlights key tools including Morningstar Portfolio Manager, Empower Personal Dashboard, Sharesight, Fund Manager, Quicken Premier, and more. Here, readers will discover features, usability, and suitability to identify the best fit for their investment needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Morningstar Portfolio Manager Provides comprehensive mutual fund analysis, portfolio X-Ray for risk assessment, performance tracking, and asset allocation insights. | enterprise | 9.7/10 | 9.9/10 | 8.4/10 | 9.5/10 |
| 2 | Empower Personal Dashboard Aggregates and tracks mutual fund portfolios across accounts with retirement planning, fee analyzer, and advisor matching tools. | specialized | 9.2/10 | 9.4/10 | 9.6/10 | 9.8/10 |
| 3 | Sharesight Cloud-based tracker for mutual funds and stocks with automatic dividend reinvestment, tax reporting, and multi-currency performance metrics. | specialized | 8.7/10 | 8.5/10 | 9.2/10 | 8.8/10 |
| 4 | Fund Manager Desktop application for detailed mutual fund portfolio tracking, charting, reporting, and custom screening. | specialized | 8.4/10 | 9.2/10 | 7.1/10 | 8.7/10 |
| 5 | Quicken Premier Personal finance software offering transaction-level tracking, performance reports, and tax optimization for mutual fund investments. | specialized | 7.6/10 | 7.8/10 | 8.2/10 | 7.0/10 |
| 6 | Stock Rover Investment platform with advanced portfolio analytics, mutual fund screening, correlation analysis, and rebalancing tools. | specialized | 8.1/10 | 8.5/10 | 7.9/10 | 8.4/10 |
| 7 | Portfolio Visualizer Free web tool for mutual fund portfolio backtesting, Monte Carlo simulations, factor analysis, and optimization. | other | 8.2/10 | 9.2/10 | 7.5/10 | 9.5/10 |
| 8 | Koyfin Customizable dashboards for monitoring mutual fund portfolios with real-time data, charts, and macroeconomic insights. | enterprise | 8.1/10 | 8.3/10 | 8.9/10 | 9.2/10 |
| 9 | SigFig Automated portfolio tracker that analyzes mutual fund holdings, detects fees, and suggests optimizations. | specialized | 7.6/10 | 7.2/10 | 9.1/10 | 8.4/10 |
| 10 | YCharts Research platform with mutual fund portfolio tracking, customizable charts, peer comparisons, and exportable reports. | enterprise | 8.1/10 | 8.7/10 | 7.9/10 | 7.4/10 |
Provides comprehensive mutual fund analysis, portfolio X-Ray for risk assessment, performance tracking, and asset allocation insights.
Aggregates and tracks mutual fund portfolios across accounts with retirement planning, fee analyzer, and advisor matching tools.
Cloud-based tracker for mutual funds and stocks with automatic dividend reinvestment, tax reporting, and multi-currency performance metrics.
Desktop application for detailed mutual fund portfolio tracking, charting, reporting, and custom screening.
Personal finance software offering transaction-level tracking, performance reports, and tax optimization for mutual fund investments.
Investment platform with advanced portfolio analytics, mutual fund screening, correlation analysis, and rebalancing tools.
Free web tool for mutual fund portfolio backtesting, Monte Carlo simulations, factor analysis, and optimization.
Customizable dashboards for monitoring mutual fund portfolios with real-time data, charts, and macroeconomic insights.
Automated portfolio tracker that analyzes mutual fund holdings, detects fees, and suggests optimizations.
Research platform with mutual fund portfolio tracking, customizable charts, peer comparisons, and exportable reports.
Morningstar Portfolio Manager
enterpriseProvides comprehensive mutual fund analysis, portfolio X-Ray for risk assessment, performance tracking, and asset allocation insights.
Portfolio X-Ray, which dissects mutual fund holdings to reveal sector, style, and stock overlaps for better diversification insights.
Morningstar Portfolio Manager is a comprehensive web-based platform designed for tracking, analyzing, and optimizing investment portfolios with a strong emphasis on mutual funds. It offers detailed performance tracking, asset allocation visualization, risk assessment, and the unique Portfolio X-Ray tool for uncovering hidden overlaps and exposures in mutual fund holdings. Ideal for investors seeking institutional-grade data and research directly from Morningstar's extensive mutual fund database.
Pros
- Unparalleled depth of mutual fund research and star ratings
- Portfolio X-Ray provides unique overlap and style analysis
- Automatic brokerage linking and historical performance tracking
- Free basic tier with robust tools for individual investors
Cons
- Interface feels dated and can be overwhelming for beginners
- Advanced features require Morningstar Premium subscription
- Limited customization for non-mutual fund assets
- Mobile experience is suboptimal compared to desktop
Best For
Serious individual investors and financial advisors who prioritize in-depth mutual fund analysis and portfolio optimization over simplicity.
Pricing
Free for basic portfolio tracking; Morningstar Premium at $249/year or $34.95/month unlocks full research, advanced tools, and ad-free experience.
Empower Personal Dashboard
specializedAggregates and tracks mutual fund portfolios across accounts with retirement planning, fee analyzer, and advisor matching tools.
Investment Checkup tool, which provides personalized mutual fund allocation advice, fee optimization, and risk analysis in one scan
Empower Personal Dashboard (formerly Personal Capital) is a robust personal finance platform that aggregates financial accounts to provide detailed portfolio analysis, particularly strong for mutual fund investors. It offers tools like asset allocation breakdowns, performance tracking against benchmarks, fee analysis, and retirement projections tailored to mutual fund holdings. Users can monitor diversification, hidden costs, and optimization recommendations without needing to manually input data.
Pros
- Seamless multi-account aggregation for comprehensive mutual fund tracking
- Powerful fee analyzer and performance benchmarking tools
- Intuitive mobile and web apps with real-time insights
Cons
- Aggressive promotion of paid advisory services
- Limited advanced tools for professional mutual fund managers
- US-centric with fewer international account supports
Best For
Ideal for individual investors and retirees seeking a free, holistic dashboard to track, analyze, and optimize mutual fund portfolios.
Pricing
Core dashboard and portfolio tools are free; optional wealth management advisory requires $100,000+ minimum.
Sharesight
specializedCloud-based tracker for mutual funds and stocks with automatic dividend reinvestment, tax reporting, and multi-currency performance metrics.
BrokerConnect automatic transaction imports from over 200 global brokers, enabling seamless mutual fund portfolio consolidation
Sharesight is a robust online portfolio tracking platform designed for investors to monitor mutual funds, stocks, ETFs, and other assets across multiple brokers and currencies. It automatically syncs transactions, calculates accurate performance using methods like XIRR and TWR, and provides detailed dividend tracking and capital gains reports tailored for tax purposes. While not a trading platform, it excels in consolidating mutual fund holdings for performance analysis and long-term portfolio management.
Pros
- Automatic broker imports and transaction syncing for mutual funds
- Advanced performance reporting with multi-currency support
- Comprehensive tax and dividend reports compliant with multiple countries
Cons
- Limited integrations with some mutual fund providers
- No built-in trading or rebalancing tools
- Free plan capped at 10 holdings, pushing users to paid tiers quickly
Best For
Long-term investors with international mutual fund portfolios needing precise tracking and tax optimization without trading capabilities.
Pricing
Free for up to 10 holdings; Standard plan at $19/month (billed annually $190 USD) for 250 holdings; Premium at $29/month (billed annually $290 USD) for unlimited holdings and advanced features.
Fund Manager
specializedDesktop application for detailed mutual fund portfolio tracking, charting, reporting, and custom screening.
Portfolio X-Ray tool for uncovering hidden mutual fund overlaps, sector drifts, and concentration risks
Fund Manager is a robust Windows-based portfolio management software that excels in tracking and analyzing mutual funds, stocks, ETFs, and other investments. It provides advanced tools for performance measurement, asset allocation, rebalancing, and historical backtesting tailored to mutual fund portfolios. Users can import data from numerous sources and generate customizable reports and charts for in-depth insights.
Pros
- Comprehensive mutual fund tracking with overlap analysis and sector exposure via Portfolio X-Ray
- Supports automatic data downloads from 100+ sources including major brokers
- One-time purchase model with lifetime upgrades for core versions
- Powerful backtesting and Monte Carlo simulation for portfolio optimization
Cons
- Steep learning curve for beginners due to dense interface
- Windows-only with no native mobile or web app
- Limited real-time quoting compared to online platforms
- Higher cost for full Pro features without subscription flexibility
Best For
Experienced individual investors or financial advisors managing complex mutual fund portfolios who prioritize detailed analytics over simplicity.
Pricing
One-time licenses: Basic $39, Deluxe $149, Professional $299; includes lifetime support and minor updates.
Quicken Premier
specializedPersonal finance software offering transaction-level tracking, performance reports, and tax optimization for mutual fund investments.
Precise cost basis tracking and realized gains/losses reports for mutual fund tax optimization
Quicken Premier is a comprehensive personal finance software with strong investment tracking features tailored for managing mutual fund portfolios. It enables users to monitor holdings, track performance metrics like IRR and total return, analyze asset allocation, and generate tax-optimized reports. Automatic transaction downloads from brokerages and customizable dashboards provide a holistic view of mutual fund investments alongside other assets.
Pros
- Robust tracking of mutual fund transactions, NAV, and performance history
- Detailed reports for portfolio analysis, returns, and tax implications
- Seamless bank and brokerage syncing for real-time updates
Cons
- Lacks advanced mutual fund-specific tools like automated rebalancing or risk modeling
- Desktop-focused interface with limited mobile functionality
- Subscription model adds ongoing cost without a robust free alternative
Best For
Individual investors seeking an all-in-one desktop solution for tracking mutual funds within broader personal finances.
Pricing
Subscription at $5.99/month (billed annually as $71.88); higher tiers available for additional features.
Stock Rover
specializedInvestment platform with advanced portfolio analytics, mutual fund screening, correlation analysis, and rebalancing tools.
Highly customizable mutual fund screener with historical data and peer comparisons
Stock Rover is a robust investment research and portfolio management platform that excels in screening, charting, and analyzing stocks, ETFs, and mutual funds. For mutual fund portfolio management, it offers a dedicated screener with extensive metrics, portfolio tracking, performance comparison, and holdings breakdown to help users optimize allocations. It integrates broker data for real-time tracking and supports backtesting strategies involving mutual funds.
Pros
- Advanced mutual fund screener with 100+ filters and metrics
- Comprehensive portfolio analytics including allocation, risk, and performance metrics for mutual funds
- Seamless broker sync for accurate mutual fund tracking and reporting
Cons
- Less depth in mutual fund-specific research compared to stock/ETF tools
- Steep learning curve for advanced screening and backtesting features
- No built-in mutual fund trading or automated rebalancing
Best For
Active investors with diversified portfolios who need powerful screening and analytics for mutual funds alongside stocks and ETFs.
Pricing
Free basic plan; Premium ($7.99/mo annually), Premium Plus ($17.99/mo), and Max ($27.99/mo) with full mutual fund features on paid tiers.
Portfolio Visualizer
otherFree web tool for mutual fund portfolio backtesting, Monte Carlo simulations, factor analysis, and optimization.
Efficient Frontier and Monte Carlo simulations for precise mutual fund portfolio optimization and risk forecasting
Portfolio Visualizer is a web-based tool specializing in portfolio analysis, backtesting, and optimization for investments including mutual funds via ticker symbols. It provides advanced features like Monte Carlo simulations, efficient frontier modeling, factor regressions, and asset correlation analysis to help users evaluate historical performance and future risks. While powerful for strategic planning, it focuses on analytics rather than real-time tracking or automated management.
Pros
- Extensive backtesting and Monte Carlo simulation tools
- Detailed visualizations and efficient frontier optimization
- Mostly free access with high analytical depth
Cons
- No real-time portfolio tracking or brokerage integration
- Manual data entry required for custom portfolios
- Interface can feel dense for non-expert users
Best For
DIY investors and analysts seeking advanced backtesting and risk analysis for mutual fund portfolios without subscription costs.
Pricing
Free for core features; Pro subscription at $15/month or $144/year for unlimited assets, exports, and advanced tools.
Koyfin
enterpriseCustomizable dashboards for monitoring mutual fund portfolios with real-time data, charts, and macroeconomic insights.
Dynamic portfolio attribution charts that decompose mutual fund performance by sector, style, and macro factors
Koyfin is a versatile financial analytics platform that enables users to track and manage mutual fund portfolios with real-time data, performance metrics, and customizable dashboards. It supports screening, charting, and attribution analysis for mutual funds alongside other assets like stocks and ETFs. Designed for investors seeking professional-grade tools without enterprise pricing, it excels in visualization and monitoring fund NAVs, returns, and benchmarks.
Pros
- Extensive mutual fund data coverage including historical performance and holdings
- Intuitive drag-and-drop dashboard builder for portfolio overviews
- Cost-effective compared to specialized portfolio software
Cons
- Limited advanced mutual fund peer group comparisons and stress testing
- Basic automated rebalancing tools lacking advisor-client collaboration features
- No native brokerage integrations for seamless mutual fund transaction syncing
Best For
Independent investors and boutique financial advisors managing diversified mutual fund portfolios who prioritize visualization and affordability.
Pricing
Free limited plan; Pro ($39/month annual) for core analytics; Pro+ ($79/month annual) for advanced features and API access; Enterprise custom.
SigFig
specializedAutomated portfolio tracker that analyzes mutual fund holdings, detects fees, and suggests optimizations.
Instant, free Portfolio Score that benchmarks mutual fund performance against peers on cost, risk, and allocation.
SigFig (sigfig.com) is a robo-advisor platform providing free portfolio analysis and automated investment management primarily through low-cost ETFs. It offers detailed insights into mutual fund holdings, including performance scoring, fee detection, risk assessment, and diversification recommendations. While excellent for analysis, its managed portfolios do not focus on mutual funds, making it more advisory than a dedicated mutual fund management tool.
Pros
- Free, automated portfolio analysis with mutual fund scoring on risk, fees, and performance
- Intuitive dashboard for tracking and optimizing holdings
- Low-cost managed portfolios with tax-loss harvesting
Cons
- Managed investing uses ETFs, not mutual funds, limiting direct mutual fund support
- Lacks advanced mutual fund screening or allocation tools for professionals
- No brokerage integration for seamless mutual fund trading
Best For
DIY investors with existing mutual fund portfolios seeking quick, free analysis and basic optimization advice.
Pricing
Portfolio analysis is free; managed portfolios charge 0.25% AUM (first $10K free).
YCharts
enterpriseResearch platform with mutual fund portfolio tracking, customizable charts, peer comparisons, and exportable reports.
Interactive charting engine with drill-down holdings analysis for mutual funds
YCharts is a powerful financial research and analytics platform offering extensive data on mutual funds, including performance metrics, holdings, fees, and comparisons. It provides portfolio management tools for tracking mutual fund allocations, performance analysis, risk metrics, and custom reporting. While versatile for broader investments, its mutual fund capabilities support advisors in monitoring and optimizing portfolios through interactive charts and Excel integration.
Pros
- Comprehensive mutual fund data library with holdings and peer comparisons
- Advanced charting and portfolio analytics for performance and risk tracking
- Excel add-in for seamless data export and custom modeling
Cons
- High pricing limits accessibility for individual investors
- Limited automated rebalancing or trade execution features
- Steeper learning curve for advanced customization
Best For
Financial advisors and institutional portfolio managers needing in-depth mutual fund research and visualization tools.
Pricing
Professional plans start at $299/user/month (billed annually); enterprise custom pricing.
Conclusion
Selecting the best mutual fund portfolio management software hinges on individual needs, yet the top three tools shine with distinct strengths. Morningstar Portfolio Manager claims the top spot, leading with its thorough mutual fund analysis, risk assessment, and performance tracking tools, making it a standout for comprehensive portfolio oversight. Empower Personal Dashboard and Sharesight, however, excel in aggregation, retirement planning, and tax efficiency, respectively, offering strong alternatives for tailored requirements.
Don’t miss out on optimizing your mutual fund portfolio—explore Morningstar Portfolio Manager to access its powerful features and advance your investment management strategy today.
Tools Reviewed
All tools were independently evaluated for this comparison