Most investors think they’re diversified.
Until they run a Portfolio X-Ray—and realize they’re holding the same tech stocks five different ways.
Morningstar’s Portfolio X-Ray tool gives you a clear, visual breakdown of your entire portfolio, across all accounts.
Let’s walk through how it works—and why it might be the most eye-opening tool you’ll ever use.
TLDR: What Portfolio X-Ray Shows You
- Complete asset allocation across all your holdings
- Sector and geographic exposure
- Hidden overlaps between funds and ETFs
- Fees, risk levels, and diversification gaps
- Dividend yield and style box breakdown
Read our review and learn how you can get an exclusive discount here.
1. Aggregate All Your Holdings in One Place
No more guessing what’s where.
Morningstar lets you add investments from brokerage accounts, retirement accounts, mutual funds, and even individual stocks or ETFs.
Once they’re in the system, you’ll see everything in one clean dashboard—organized by asset class, region, and sector.
2. Identify Overlap and Concentration Risk
Ever own multiple funds and think you’re diversified—only to realize they all hold Apple?
Portfolio X-Ray reveals:
- Fund and ETF holdings overlap
- Overweight sectors (like tech or energy)
- Concentration in specific stocks or asset classes
It’s like shining a flashlight into your portfolio’s blind spots.
3. Analyze Allocation and Style
X-Ray breaks your holdings into the Morningstar Style Box:
- Large, Mid, Small cap
- Growth, Blend, Value
You can also see how much you’re invested in:
- U.S. vs. International
- Bonds vs. Stocks
- Cash vs. Equities
This helps you decide if your mix matches your goals—or if you’re unknowingly off balance.
4. Evaluate Fees, Yield, and Risk
Don’t stop at performance.
Morningstar shows:
- Fund expense ratios and fee drag
- Portfolio yield (dividends + interest)
- Risk metrics like standard deviation and beta
Now you’re not just looking at returns—you’re seeing the cost of those returns.
5. Monitor Progress and Make Adjustments
This isn’t a one-and-done report. Portfolio X-Ray helps you:
- Compare your current allocation to a target mix
- Rebalance when you drift too far off course
- Track performance and income over time
Think of it as your portfolio’s GPS—keeping you on track, even when markets get choppy.
The Cost? Practically Pays for Itself
Let’s talk cost.
Morningstar Premium runs about $34.95/month or $249/year if you go annual (get $50 off with this exclusive offer).
Think about it: one solid insight from a Morningstar analyst could help you dodge a costly mistake or catch a breakout stock early. That alone can cover the subscription—and then some.
If you’re serious about building long-term wealth, this isn’t an expense.
It’s an investment in making smarter decisions.
Key Takeaways
- Portfolio X-Ray shows you the full picture—allocation, overlap, risk, and more
- It helps you catch problems most investors miss
- Use it to rebalance, optimize, and stay aligned with your goals
- It’s one of the most powerful tools in Morningstar Premium
If you’re tired of wondering whether your portfolio is really working for you—
X-Ray it.
Because the more clearly you see your investments, the smarter your next move becomes.
[GET AN EXCLUSIVE AT MORNINGSTAR]
Here are additional investment research tools to check out. I’ve always been a big fan of Seeking Alpha. But Morningstar has it’s advantages.
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