This Page is for general information and educational purposes only. It does not constitute legal terms or any form of legal agreement between you and Binance. It should not be construed as financial, legal or other professional advice. The information on this page may be outdated. For legal terms applicable to Spot Trading Services, please refer to the Terms of Use, the Exchange Rules and the Clearing Rules. Additional terms and conditions will also be set out in the Spot Copy Trading Services Terms (as applicable to Spot Copy Trading Services).
On the copy trading portfolio details page, you can view details of your portfolio’s performance.
| Indicator | Description |
| Return on Investment (ROI) | A ratio or percentage that reflects the profitability or efficiency of the portfolio. |
| PNL | Realized + Unrealized Profit/Loss |
| Sharpe Ratio | Measures the return of a portfolio compared to its risk. The greater the Sharpe Ratio value, the more attractive the risk-adjusted return on the portfolio. |
| Maximum Drawdown (MDD) | The maximum observed loss from the peak to the trough in the asset curve over a specific period. |
| Win Rate | (Win days / number of days with trading activities or buy orders) * 100% |
| Win Days | The number of days with a positive daily PNL |
| Assets Under Management (AUM) | Lead Trader's Portfolio Investment Amount + Total Copy Trading Investment Amount |
| Leading Wallet Balance | Wallet Balance + Unrealized Profit/Loss |
| Runtime | Time period since the portfolio was created. |
Please note that the ROI and PNL data will be updated every 10 mins.
Return on Investment (ROI) reflects the profitability or efficiency of a portfolio. It is calculated similarly to the yield rate (net asset value), which prevents the changes in capital (e.g., deposits and withdrawals).
When a portfolio is created, the initial net asset value is 1. When a deposit or withdrawal happens, the net asset value will be immediately updated. In the following formulas, "T" represents the time after a deposit/withdrawal, while "T - 1" represents the time before a deposit/withdrawal.
T Net Asset Value = (T Wallet Balance - Deposit Amount) / (T - 1) Wallet Balance * (T - 1) Net Asset Value
T Net Asset Value = (T Wallet Balance + Withdrawal Amount) / (T - 1) Wallet Balance * (T - 1) Net Asset Value
Net Asset Value = T Wallet Balance / (T - 1) Wallet Balance * (T - 1) Net Asset Value
| Day 1 | Day 2 | Day 3 | Day 4 |
Wallet Balance | 500 | 400 | 1,400 | 1,550 |
Portfolio PNL | 0 | -100 | 0 | +150 |
Deposit | - | - | 1,000 | - |
Withdrawal | - | - | - | - |
Net Asset Value | 1 | 0.8 | 0.8 | 0.886 |
ROI | 0% | -20% | -20% | -11.4% |
Note: ROI has its limitations. For example, when comparing two different trades, the ROI calculation doesn't factor in the time cost.
The Sharpe Ratio is calculated as follows:
For example:
Daily ROI | Mean of Daily ROI | Standard Deviation of Portfolio ROI | Annualized Sharpe Ratio | |
Day 1 | 0% | 0% | - | - |
Day 2 | 50% | 25% | 0.35 | 13.51 |
Day 3 | -2% | 16% | 0.29 | 10.38 |
Day 4 | -8% | 10% | 0.27 | 7.11 |
Notes:
Maximum Drawdown (MDD) refers to the maximum observed loss in net asset value from a highest point (a peak) to the lowest point that occurs after it during a specific period. The higher the MDD, the higher the risk.
Note: MDD can only measure the size of the largest loss a portfolio has experienced, but it doesn’t consider the frequency of large losses, indicate how long it takes for the portfolio to recover from a loss, nor indicate whether the portfolio has already recovered.
MDD = (M - N) / M * 100%
Win Rate = Trader Profit Days / (Current Time - Time of First Trade) * 100%
Notes:
Win Days = Number of Daily PNL Greater than 0
Notes:
