What to use instead of Morningstar Portfolio Manager and X-Ray

The product

Outside the US, Morningstar ran a set of country sites — the UK, continental Europe, Canada, parts of Asia — and on them Portfolio Manager was the free part people actually used. You entered your holdings, funds included, and the site tracked them. Its companion was X-Ray: an archived copy of the UK overview page from February 2025 describes it drilling "down into your funds' underlying holdings" to find stock overlap, and showing the portfolio's "overall P/E ratio, interest rate sensitivity and investment style" with its split by region, sector, stocks, bonds and cash. Instant X-Ray did the same without an account — an archived copy from March 2025 takes funds and percentage or pound allocations, and offers views for asset allocation, stock style, stock sector, world regions, stock overlap and bond style, against a benchmark you picked.

On 15 April 2025 Morningstar published "Upcoming changes to our membership offerings, tools, and features" on its global site, and the UK and Canadian copies carry the same text. It covered its "media sites for Europe, Canada, and Asia". No new Premium memberships from 17 April 2025; every Premium and free membership converted to a free registered account; and five things retired: "Portfolio Manager (for both Premium and free members)", stock analyst research, "X-Ray and Instant X-Ray", price and company alerts, and Morningstar ratings inside the stock screener. The reason given was that usage "showed that we needed to shift our focus from portfolio monitoring" to researching investments.

The notice gives no single day for Portfolio Manager. It says members could keep using their memberships "without disruption" until the new global site launched in June 2025, and its editor's note dates that switchover's retirements to 27 June 2025 — which is the date this page records. The Internet Archive has the UK Portfolio Manager page live on 22 May 2025 and redirecting by 2 July 2025. Premium members were promised prorated refunds from early July and everyone a portfolio download "starting in July 2025".

On 8 October 2026 the old UK Portfolio Manager and Instant X-Ray addresses and the Canadian Portfolio Manager address all redirect to Morningstar's new home pages, and the Canadian X-Ray address redirects to the announcement itself. The announcement page answers scripted requests with a bot check, so the text above was read from archived copies dated 12 July 2025, 31 December 2025 and 11 July 2026.

Two things this did not touch. The US product, Morningstar Investor, still has X-Ray and is covered by its own page, what to use instead of Morningstar Investor. And Morningstar's Australian site still sells Morningstar Investor with Portfolio X-Ray and, by its own landing page, a Sharesight Standard plan included — there, the tracker is a third party's, bundled in.

What to use instead

Portfolio Manager was two jobs, and nothing here does both for a UK or Canadian reader at Morningstar's price, which was nothing. Decide which one you miss.

If you miss the tracker, Sharesight is the closest in shape: trades, dividends, splits and currency across 60-plus exchanges and managed funds, money-weighted returns, prices set per country rather than converted — Standard is £18.67 or €22.67 a month, C$31 in Canada, and the free plan holds ten holdings. Canadians get a real CRA capital gains report; UK investors get average cost, not Section 104 pooling. Two free routes keep the data on your own machine, which after this episode is the point: Portfolio Performance, a desktop app that reads PDF statements from more than 90 banks and brokers, weighted to Germany, Austria and Switzerland, and Ghostfolio, self-hosted and open source with a 48-dollar hosted option. The three-way comparison covers which of the free ones suits whom.

If you miss X-Ray, the honest answer is narrower. Parqet is the only tracker in this catalogue with a look-through it calls X-Ray, from its EUR 11.99 Plus plan — but it is built for German brokers, and prices come from German venues. For a portfolio of ETFs, ETF Research Center shows the overlap between any two equity ETFs, US, Canadian or UCITS, on a free account, and its Portfolio Builder shows sector and country exposure of an all-ETF mix. justETF tracks a UCITS ETF portfolio with time-weighted returns and an allocation view, one portfolio free.

If what you watched was income, Snowball Analytics is a tracker built around the dividend calendar and forward income, over 70-plus exchanges, with broker linking for UK and European accounts from its 7.99-dollar Starter plan. It sells its own dividend rating too; the calendar works without it.

What you give up

Look-through on funds that are not ETFs. X-Ray drew on Morningstar's own fund database, so on the UK site it could look inside the OEICs and unit trusts it rated, not only ETFs. Every look-through on this page works on ETF holdings, and ETF Research Center's overlap is equity ETFs only. A portfolio of UK active funds has no replacement here at any price.

Style and bond statistics. The style box and the bond style and interest-rate views were Morningstar's own classifications, computed on its data, and nothing on this page computes them. The trackers show sector and country splits, not value against growth. ETF Research Center's valuation roll-up for an all-ETF mix is the nearest thing to X-Ray's portfolio P/E.

Free, with no cap. Portfolio Manager cost a free member nothing and set no holdings limit we know of. The free replacements trade that for something: ten holdings on Sharesight's free plan, with sold positions counting; one portfolio on justETF; your own time importing statements into Portfolio Performance, or running a server for Ghostfolio.

Migration notes

Find the export before you rebuild from memory. Morningstar promised a portfolio download from July 2025, and users on the Portfolio Performance forum reported a CSV export under My Account, available until 31 December 2025. We could not find either the format or the deadline on a Morningstar page, nor whether the export still works. If you saved the file, it is the list of holdings; if not, your platform's statements are the better source anyway — see importing a broker CSV into a tracker.

Match funds by ISIN, not by name. UK and European funds come in several share classes whose names differ by a word or two — accumulation against income, clean against legacy, hedged against unhedged — and each has its own price. Parqet finds securities by ISIN; in any tracker, check that the ISIN it matched is the class you hold. See security identifiers for why the ISIN is the safe key.

Expect a different return number. Sharesight reports a money-weighted return; Portfolio Performance and Parqet report a true time-weighted one and an IRR. Neither will match a figure you remember from Portfolio Manager, and that is method, not error — see why your tracker and broker disagree and time-weighted return.

Your watchlists are still there. Morningstar migrated them to the registered account, along with free fund and ETF research and ratings. A watchlist has no quantities or trades, so it is a list of tickers to re-enter, not a portfolio.