I hope everyone is killing it at life. I require some assistance with regard to a performance calculation that would be greatly appreciated. I have a friend who is trying to calculate their portfolio performance return and compare it to the benchmark index and the flows are as follows:
So only money put in, nothing taken out. The value at 15/07/2020 is $795,542.
The benchmark index value is as follows:
The friend wants to calculate the performance of his investment vs that of the benchmark index but I find it very confusing with how far apart the initial investment is and the additions. I understand it would be the Money Weighted return used to do the comparison but I am struggling to grasp the calculation.
Thank you for the help.