Product 02 / Performance & Attribution
Returns computed,not estimated.
Syncrone holds every transaction since inception, so nothing is approximated. Realized and unrealized PnL, ROI, TWR and XIRR come from what actually happened, entry by entry, for any period and at every level: position, protocol, wallet and fund.
- PnL
- Realized · unrealized · rewards
- Returns
- TWR · XIRR · ROI · APR · APY
- Risk-adjusted
- Sharpe · Sortino · Calmar · drawdown
- Attribution
- Yield PnL · Price effect
- Periods
- Any period, or since inception
- Benchmarks
- BTC · ETH · SOL · your own
What made the month.And what cost it.
Every period breaks down the same way: realized against unrealized, yield against price, and the positions that moved it most, up or down. Switch from the month to since inception and every number follows.
- Sharpe
- 2.94
- Sortino
- 4.31
- Volatility
- 6.2%
- Max drawdown
- −1.8%
- wstETHLido+$412,880.1422.8%
- PT-sUSDePendle+$301,442.9016.6%
- USDC vaultMorpho+$188,905.3310.4%
- HYPE perpHyperliquid+$164,220.089.1%
- USDC supplyAave+$121,684.516.7%
- WETH borrowAave−$96,318.44−5.3%
- ETH-USDC LPUniswap−$41,207.12−2.3%
- cbBTC vaultEuler−$12,880.65−0.7%
Fig. 1·The same book for one month and since inception: what earned it, and which positions moved it. Sample data.
Touring · month, then since inceptionEvery figure fromthe transaction that made it.
- 01
Realized and unrealized, exactly
Every buy, sell, deposit, withdrawal and claim since inception sits in the ledger with its cost. Realized PnL is booked when a position is reduced, unrealized PnL is what is still open. Neither is inferred from two balance snapshots.
- Cost basis per entry
- Rewards counted as they accrue
- 02
Returns that hold up
TWR shows the manager's return without the noise of subscriptions and redemptions. XIRR shows what an investor's money actually earned. Sharpe, Sortino, Calmar, volatility and maximum drawdown put each return against the risk taken to earn it, all from the same transactions.
- TWR · XIRR · ROI · APR · APY
- Sharpe · Sortino · Calmar · drawdown
- 03
For a period, or since inception
Every figure exists twice: over the window you pick and since the position was opened. A month's PnL and the lifetime PnL of the same position sit side by side.
- Period and lifetime PnL
- 7D · 30D · MTD · QTD · YTD · ITD
- 04
Yield, apart from price
Yield PnL is what the protocols paid: interest, fees, staking rewards and incentives. Price effect is what the market did to what you held. The two always add up to total PnL.
- Yield PnL · Price effect
- Adds up at every level
- 05
Top and worst movers
For any period, the positions that made the most and the ones that cost the most, in dollars and as a share of total PnL. From fund PnL to the position behind it in one click.
- Contributors and detractors
- Share of total PnL
- 06
Every metric in one table
Positions and holdings with NAV, realized and unrealized PnL, period and lifetime PnL, yield, price effect and rewards on every row, down to each asset inside a position.
- Group, filter, export
- Down to each asset
Every day of the year,in one view.
Daily PnL as a calendar, colored by result, with each day's return and the position that moved it most. Monthly returns underneath, compounded from the same days.
- Daily PnL
- +$805,596.58
- Daily return
- +1.12%
- NAV at close
- $72,458,762.55
Fig. 2·Every day of 2026 by its PnL, and each month's return underneath. Hover any day. Sample data.
Touring · best day, worst day, two moreAgainst BTC, ETH and SOL.Or anything you choose.
Set the fund against the majors from the same start date, or add a benchmark of your own: another asset, an index, or the on-chain rate a passive deposit earned over the same days.
| Period | Fund | BTC | ETH | SOL |
|---|---|---|---|---|
| 1 Month | +2.4% | −3.1% | −1.9% | +2.1% |
| 3 Months | +5.0% | −0.1% | +1.0% | +6.2% |
| Year to date | +7.8% | +0.3% | −4.2% | +2.4% |
Any benchmark can be added: an asset, an index, or the on-chain rate a passive deposit earned.
Fig. 3·The fund against BTC, ETH and SOL since 1 January, then against the USDC rate on Aave. Hover the chart. Sample data.
Looping · draw, then add a benchmarkRead by the peoplewho sign off on it.
- Hedge funds
Hedge funds & asset managers
Realized and unrealized PnL, attribution and daily returns LPs can check line by line.
Explore hedge funds - Vault curators
Vault curators
Each vault against the on-chain rate a depositor could have earned without it.
Explore vault curators - Allocators
Allocators & family offices
Every manager measured the same way, on the same benchmarks.
Explore allocators
How it worksin practice.
Where do the numbers come from?
From transactions, not balances. Syncrone replays every wallet from its first transaction, keeps the cost of each entry and prices it at the block, so PnL and every return are computed rather than estimated from snapshots.
Which return should we show LPs?
TWR for the manager's performance, because it removes the effect of when investors came in and out. XIRR for what an investor's capital actually earned. Syncrone computes both from the same transactions.
Can we use our own benchmark?
Yes. BTC, ETH and SOL are built in, and you can add any other: an asset, an index, or an on-chain lending rate over the same dates.
Can we add metrics of our own?
Yes. If your fund reports a metric Syncrone doesn't compute yet, we add it to your book. You can also compose your own from the figures already computed, such as NAV, flows, realized and unrealized PnL, yield and price effect, and follow them like any other metric.
Can Yield PnL and realized PnL be added together?
No. They are two splits of the same total: realized plus unrealized equals total PnL, and so does yield plus price effect. Adding across the two splits counts the same dollars twice.
One engine.Every view of the same book.
- NAV & Accounting
NAV & Fund Accounting
Daily NAV from chain state under your valuation policy. Locked periods, LP statements, a trail to the block.
Explore nav & accounting - Risk
Risk & Exposure
Look-through exposure: every LP token, receipt and vault share unwrapped to the last token, block by block, with leverage.
Explore risk - Data & Reconstruction
Data & Reconstruction
Every wallet replayed from its first transaction into one reconciled ledger, also served by the Portfolio API.
Explore data & reconstruction - Reports
Automated NAV Reports
A period's report built from the book in one click, locked so it can't change, shared under your brand.
Explore reports
Performance & Attribution
Your returns,to the transaction.
Book a demo to see your book's PnL and returns rebuilt from its first transaction, and set against BTC, ETH, SOL and the rates you could have earned on-chain.