Asset allocation
See how much you really hold in equities, bonds, cash and other categories.
A portfolio X-Ray (officially Morningstar Instant X-Ray™) is a report that analyses an investment portfolio in depth from the funds, ETFs or stocks it contains. Instead of looking at each holding on its own, the X-Ray "opens" every fund and aggregates the underlying positions to show how your portfolio is really built: which countries, sectors, asset types and risk levels you actually have, beyond the fund names.
On Portfolio X-Ray you can build your portfolio by entering holdings and weights, and generate this report for free, without creating an account.
Free, no account and no commitments
Portfolio overview
My global portfolio
Equities
72.4%
Diversification
Broad
Portfolio X-Ray does not generate the X-Ray PDF: our tool helps you build the portfolio and the link, and the report is generated through renta4banco using Morningstar Instant X-Ray™ technology. Morningstar Instant X-Ray is a trademark of Morningstar, Inc.; xrayportfolio.com is not affiliated with or endorsed by Morningstar.
How to read it
Morningstar Instant X-Ray™ opens each fund and aggregates its underlying holdings to reveal the full picture of your investment.
Am I really diversified?
Which countries and sectors weigh the most?
Where is my concentration?
How much risk am I taking?
Asset allocation
See how much you really hold in equities, bonds, cash and other categories.
Geographic exposure
Identify countries, regions and emerging markets present in your portfolio.
Risk and returns
Review volatility, Sharpe, alpha, beta and correlations when they are available.
Largest holdings
Spot real concentration in underlying stocks and bonds.
The first block of the report shows what percentage of your portfolio sits in each broad category: equities, bonds, cash, and other assets (such as real estate) that Morningstar classifies separately. It also shows the portion that could not be classified.
The X-Ray breaks your portfolio down by country and by major world region (Americas, Europe, Asia), and within each region by market development. This lets you see, for example, whether your portfolio is heavily concentrated in the United States or has real emerging-market exposure, even if your fund names do not say so explicitly.
It shows your portfolio weight in each economic sector, grouped into three blocks: cyclical (basic materials, cyclical consumer, financial services, real estate), sensitive (communication, energy, industrials, technology) and defensive (defensive consumer, healthcare, utilities).
"Style" crosses two variables: whether the companies in the portfolio are value, blend or growth, and whether they are small, mid or large cap. Alongside this you will see ratios such as price/book, price/earnings and price/cash flow, which indicate whether the portfolio is invested in relatively "expensive" or "cheap" companies.
A list of the individual assets (underlying stocks or bonds) with the largest real weight in your portfolio, showing type, sector and country — very useful for spotting concentration in a single company even if you hold several different funds.
When the X-Ray includes performance analysis, it compares your portfolio with a benchmark and shows:
Morningstar Instant X-Ray is designed mainly for UCITS funds, ETFs, ETCs and stocks. It is not set up to analyse correctly:
If you add any of these products in the builder, we will warn you that they are not recommended and the report will omit them.
Want to generate the X-Ray of your own portfolio?
Create your X-Ray for free and see the real composition of your investments.
See also: How the portfolio X-Ray generator works