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testfolio Review

Worth it

Should I use testfolio?

Backtest portfolios, compare asset allocations, model rebalancing and cashflows, and analyze historical risk and return with testfolio. - testfol.io

· 1 month ago

Buy it if you're a DIY investor comparing ETF or leveraged-ETF allocations over long horizons. Skip it if you need intraday-grade accuracy, audited models, or guaranteed data persistence.

Confidence

Medium. Based on 30+ public sources; no formal review scores or published prices found.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support qualityNo support-quality evidence in sources
  • Security postureNo security page found; no findings either

Pricing

Not disclosed

ModelRecently went paid
Monthly feesNot disclosed
HardwareNot disclosed

Best for

  • DIY ETF portfolio backtesting
  • Leveraged-ETF strategy research
  • Bogleheads-style allocation comparison
  • Rebalancing and cashflow modeling

Not for

  • Traders needing intraday drawdown accuracy
  • Advisors needing audited, compliance-grade models
  • Anyone expecting the old free tool
  • Buyers requiring vendor security documentation

Gotchas - check before you buy

high

Free-to-paid shift is recent; verify current plan limits before committing workflows

medium

Saved portfolios and strategies reportedly vanished; export your data regularly

medium

Closing-price drawdown math can understate real risk

medium

Start-date and proxy choices materially swing results; check methodology docs first

Pros and cons

Pros

  • Cleaner, more intuitive than Portfolio Visualizer, per independent review
  • Backtests moving average and RSI strategies
  • Broad toolset: comparisons, Monte Carlo, optimization, tactical allocation
  • Fallback tickers extend short backtest histories

Cons

  • Recently changed from free to paid; some users left
  • Drawdowns use closing prices only; criticized as misleading
  • Users report losing saved portfolios and strategies
  • LETF drag modeled as artificial return subtraction, per user critique

Sources & method

- 11 sources - No known vulnerabilities found in the sources reviewed.

official x4review x6news x1

Key stats

  • Value for money: 3/5

    Rating

  • Not disclosed

    Starting price

  • 11

    Sources

  • Analyzed

  • Value for money: 3/5. Free era ended; users grumbling; no public prices
  • Ease of use: 4/5. Called cleaner, more intuitive than rivals
  • Feature depth: 4/5. Backtests, Monte Carlo, optimizer, custom tickers, MCP
  • Support quality. No support-quality evidence in sources
  • Security posture. No security page found; no findings either
  • Recently went paid Pricing model Was free; plans and usage limits now listed
  • Backtest, compare, Monte Carlo, optimizer Analysis tools Per official start page
  • Dedicated subreddit Community r/Testfolio plus heavy r/LETFs usage

Pricing

Not disclosed

Security

No known vulnerabilities found in the sources reviewed.

What users say

DIY investors on Reddit broadly praise testfolio for long-term strategy comparison while criticizing its drawdown math and new paid model.

“Testfol.io is amazing for comparing long term strategies ...”
Reddit, r/LETFs
“Visually, Testfolio lands between PV and PC. It's cleaner and more intu...”
Risk Parity Chronicles
“So far a lot of people moved to testfolio because it was free, but onc...”
Reddit, r/LETFs
Full analysis

Based on 30+ public sources; no formal review scores or published prices found.

Well-loved DIY backtester for ETF/LETF allocations, now paid; great for strategy research, weak for intraday accuracy or audited use.

Methodology

Based on 30+ public sources; no formal review scores or published prices found.

Read how a report is made.

Sources

  1. testfolio: Portfolio Backtester for ETFs and Asset Allocationtestfol.io
    official
  2. Pricing and Planstestfol.io
    official
  3. Portfolio Backtesting, Tactical Allocation & Optimization Toolstestfol.io
    official
  4. Help, Methodology, and Tool Guidestestfol.io
    official
  5. Testfol.io is amazing for comparing long term strategiesreddit.com
    review
  6. Three Portfolio Backtesters Every DIY Investor Should Knowriskparitychronicles.substack.com
    review
  7. How accurate are Portfolio Backtesting Toolsbogleheads.org
    review
  8. testfol.io now becomes a paid platformreddit.com
    review
  9. testfolio and portfolio visualizer are lying to you about drawdownsreddit.com
    review
  10. Losing my saved portfolios and strategies on Testfolioreddit.com
    review
  11. The 48% Dividend Mirage247wallst.com
    news

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