I dont understand. Can help explain please.

• TWR measure portfolio returns, not your returns.

​

• Example the portfolio YTD, TWR is -17%. But u buy at the "arrowed" price. You will still in the green.

TWR is time weighted as the name suggests, and it breaks up the return into separate intervals due to inflows and outflows, hence eliminates the distorting effects on growth rates. Refer to TWR definition on Investopedia:

https://www.investopedia.com/terms/t/time-weigh...

​

StashAway has an article explaining the phenomenon of positive TWR and yet negative dollar return:

https://www.stashaway.sg/help-center/9000008000...

​

In short, you get negative dollar return because you invested main bulk of your funds at a higher level than it is now. Those funds suffered bigger dollar losses than the profits gained from those invested at a lower level than it is now.