Index & Asset Comparisons Methodology
Effective 26 August 2026 · Last reviewed 26 August 2026
Purpose
These pages compare investment exposures and portfolio roles. They do not assess personalized suitability or provide personal investment advice.
Unit of comparison
Each page compares one canonical entity with another. Index families and asset classes are normalized so the same entity definition is reused everywhere.
Reference-instrument methodology
Equity candidates must match the exact or an approved canonical benchmark family, be a European UCITS ETF, active and published, plain long-only, unleveraged and non-inverse, without an unrelated overlay, and have a valid Grovcap identity and ISIN. Eligible candidates are ranked by accumulating policy, unhedged exposure, longest usable history, reliable fund scale, provider-authoritative coverage, then canonical ID or ISIN. Selection never uses recent performance or expected returns. Assets use eligible European ETCs or ETPs and prefer verified direct or physical exposure where applicable.
Canonical reference stability
One canonical reference instrument is selected per entity and reused across every page. It changes only when invalid, not because another fund is temporarily cheaper. An unresolved exact benchmark returns unavailable; a related index is never silently substituted.
Historical performance basis
Performance uses Grovcap-selected reference exchange-traded instruments as proxies. It is not the official index or spot return series. Results can differ because of TER, tracking difference, withholding taxes, sampling, securities lending, cash drag, product structure, operating expenses, currency conversion and inception date.
Currency handling
Return figures are shown only in the currency in which the provider reported them, and only when both reference products report the same currency, the same basis and effectively the same reporting date. Grovcap does not convert historical return figures between currencies, because no validated FX time series is attached to these provider-reported returns. Where currency, basis or reporting date differ, the period is withheld and the reason is stated on the page.
Dividend treatment
The reported figures currently displayed are provider-published net-asset-value total returns, which include reinvested distributions net of the fund's costs. Price-return series are never presented as total return, and any figure whose basis is not recorded is withheld.
Holdings, countries and sectors
Verified holdings, concentration, country and sector datasets are not currently connected in production, so those comparisons show as unavailable. When connected, every dataset is labelled as official index data or Reference ETF holdings. Country classifications describe the source dataset and do not imply the companies' economic revenue exposure.
Risk metrics
Indexed performance charts, annualised volatility, maximum drawdown, annualised return and return per risk require a daily net-asset-value time series, which Grovcap does not currently hold for these products. Those figures are therefore unavailable rather than estimated from period returns. When the series exist, the definitions below apply. Volatility is the annualized standard deviation of periodic returns using the disclosed frequency. Maximum drawdown is the largest peak-to-trough decline in the selected window. Annualized return uses the same normalized history. Return per risk is annualized return divided by annualized volatility; it is not called Sharpe because no risk-free rate is deducted.
Asset comparison limitations
Grovcap does not currently hold eligible European gold, silver, Bitcoin or Ethereum ETCs or ETPs, so no reference product is resolved for those four entities and their pages present structural comparison only. No UCITS equity fund is ever substituted for a commodity or crypto exposure. Gold, silver and crypto products may be ETCs or ETPs rather than UCITS ETFs. Their custody, collateral, fees, trading, legal structure and tracking can cause returns to differ from spot assets.
Missing data
Missing data is omitted or labelled “Not currently available”. It is never estimated, converted to zero or invented to complete a page.
Independence
No paid placement. Comparison outcomes cannot be bought. Commercial relationships do not determine reference selection, and the methodology is applied consistently.
Limitations
Past performance is not predictive. Indices, spot assets and exchange-traded products are not identical. Proxy history may be limited by inception. Taxes and trading costs differ. Implementation effects remain in reference-product returns, and historical results do not establish future superiority.
Current live-data status
All 21 index families resolve to a validated European UCITS ETF from the live Grovcap database, selected by the rules above. The four asset proxies (gold, silver, Bitcoin, Ethereum) are unresolved because no eligible European ETC or ETP is held in the database; those pages state this openly rather than substituting another product. Reported returns are provider-published net-asset-value total returns for the selected reference products, shown only where both sides are like-for-like. Indexed charts, risk metrics, holdings, country and sector datasets remain unavailable pending the underlying data.
Disclaimer
The information provided by Grovcap is for informational and educational purposes only and does not constitute investment, financial, legal, or tax advice. Investing involves risk, including the possible loss of capital. Always conduct your own research or consult a qualified professional before making investment decisions.
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