Tracking Your Portfolio Performance in Ledger Live - petergoguen31/Ledger-Guides-91 GitHub Wiki

Tracking your portfolio performance in Ledger Live is a straightforward process that leverages its built-in Portfolio and Market features to give you a clear view of your cryptocurrency holdings’ value and trends over time. 

While it doesn’t offer advanced analytics like annualized returns or detailed profit/loss breakdowns per transaction, it provides essential tools to monitor your assets’ performance effectively. 

Please download the last update of Ledger Live Application:

1.Ledger Live for Windows 10/11

2.Ledger Live for MAC

3.Ledger Live for Android

Here’s how to do it:

1. Access the Portfolio Tab

The Portfolio tab is your primary dashboard for tracking overall performance.

  • How to Get There:
    • Desktop: Open Ledger Live and click “Portfolio” in the left sidebar.
    • Mobile: Tap the “Wallet” icon in the bottom menu.
  • What You See:
    • Total Balance: The combined value of all your accounts in your chosen fiat currency (e.g., USD, EUR).
    • Asset Breakdown: A list of all accounts (e.g., BTC, ETH, SOL) with their current balances, fiat values, and percentage of your total portfolio.
    • Allocation Chart: A visual pie chart or bar showing how your assets are distributed (e.g., 50% BTC, 30% ETH).
  • Performance Tracking:
    • Check the “Balance” column for each account to see its current fiat value, updated in real time based on market prices.
    • Use the percentage allocation to assess how price changes shift your portfolio’s composition.

2. View Historical Performance

Ledger Live offers basic historical data to track how your portfolio has performed over time.

  • Steps:
    • In the Portfolio tab, look at the total balance section at the top.
    • Select a timeframe from the dropdown or buttons (e.g., 24 hours, 7 days, 30 days, 1 year, or “All”).
    • Observe the graph or percentage change displayed next to your total balance.
  • What It Shows:
    • A line graph (on desktop) or a simpler percentage change (on mobile) indicating your portfolio’s value movement over the selected period.
    • Example: “+5.2% over 7 days” means your portfolio’s fiat value increased by that amount.
  • Per-Asset Performance:
    • Click an individual account (e.g., “Bitcoin – Main”) to see its specific balance history and a mini-graph of its price trend over the same timeframes.

3. Monitor Market Trends

The Market tab complements Portfolio by showing broader price movements.

  • How to Use:
    • Go to “Market” (sidebar on desktop, bottom tab on mobile).
    • Browse or search for your cryptocurrencies to see their current prices, 24-hour changes, and market caps.
  • Why It Helps:
    • Cross-reference your portfolio’s performance with market-wide trends to understand if your assets are outperforming or underperforming the market.

4. Check Gains and Losses (Manually)

Ledger Live doesn’t automatically calculate realized or unrealized gains/losses per asset, but you can estimate them manually.

  • Steps:
    • Note your current portfolio value in the Portfolio tab.
    • Compare it to your initial investment (you’ll need to track this separately, as Ledger Live doesn’t store cost basis).
    • For individual assets, subtract your purchase price (from your records) from the current fiat value shown.
  • Example:
    • You bought 1 BTC at $40,000. Ledger Live shows it’s now worth $45,000. Unrealized gain = $5,000.
    • Repeat for each asset and sum for total portfolio performance.

5. Export Data for Detailed Analysis

For a deeper dive into performance, export your transaction history.

  • How to Export:
    • Go to Settings > Accounts > Export Operation History.
    • Select accounts and save the CSV file.
  • Analyze Externally:
    • Open the CSV in a spreadsheet (e.g., Excel, Google Sheets).
    • Add columns for purchase price, current value (from Ledger Live or a price API), and calculate gains/losses.
    • Plot trends or compute metrics like total return percentage.
  • Why It’s Useful: This lets you track performance beyond what Ledger Live’s basic graphs offer, especially for tax or investment analysis.

6. Leverage Third-Party Tools

For automated performance tracking, sync Ledger Live data with portfolio apps.

  • Options:
    1. CoinStats: Sync via public addresses or import the CSV to see detailed stats like ROI, unrealized gains, and historical performance.
    2. Delta: Similar functionality with a focus on portfolio growth over time.
    3. Blockfolio: Tracks performance and sends updates on price changes.
  • Steps:
    1. Export your CSV from Ledger Live or share public addresses (never private keys).
    2. Import into the tool and let it calculate performance metrics.

Key Features and Limitations

  • Strengths:
    • Real-time price updates for all supported assets (over 5,500 coins/tokens).
    • Simple portfolio allocation view to spot over- or under-weighted assets.
    • Timeframe selector for quick performance snapshots.
  • Limitations:
    • No native profit/loss calculator: You won’t see “You made $1,200 on ETH” without external work.
    • No cost basis tracking: Ledger Live doesn’t log what you paid for assets, so you need external records.
    • Basic graphs: Historical data is visual but lacks granularity (e.g., no hourly trends).

Tips for Effective Tracking

  • Set a Baseline: Record your initial investment amounts outside Ledger Live (e.g., in a spreadsheet) to compare against current values.
  • Regular Checks: Sync your Ledger device weekly or monthly to keep balances and performance up to date.
  • Fiat Currency: Adjust your display currency (Settings > General > Currency) to match your local reporting needs (e.g., USD, EUR).
  • Watch Large Movers: On mobile, enable “Large Movers” notifications (Settings > Notifications) for BTC and ETH to stay alerted to big swings.

Example Workflow

  • Portfolio: $10,000 total (40% BTC, 30% ETH, 20% SOL, 10% USDT).
  • 7-Day Check: Portfolio tab shows +3.5% ($350 gain). BTC up 5%, ETH flat, SOL up 10%.
  • Manual Calc: BTC bought at $35,000, now $36,750 = $1,750 unrealized gain.
  • Market Tab: Confirm SOL’s rally aligns with a broader altcoin surge.

Ledger Live gives you the raw data to track performance effectively, but for detailed insights, pairing it with a spreadsheet or third-party tool is ideal.