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I'd have thought that it's not going to be particulary useful for comparing different products, as it is dependent on your own deposits and withdrawals.
It may be useful if you are planning on putting in and taking out money all the time, and will do that irrespective of what you are investing in.
I don't really think it has a huge amount of utility in assessing the performance of a single products that you have invested in - simple returns just make way more sense.
Even of you're doing lots on inflows and outflows, you could just do a simple (or discounted) return in each one separately.
NotThamesWater
Not really! Found most explanations over complex. I just wanted to know if it’s a decent enough performance figure or some kind of over inflated one taking into account compound interest to make it look better.
It seems to be a decent indicator so I’ll go with it.