Taxonomies

There are three kinds of taxonomies that Capitally provides for most of the market-traded assets. You have the freedom to edit, expand, assign these to your custom assets, or even change the default assignments to better suit your portfolio needs.

Category

The category taxonomy is a nested set of investment categories such as Equity/Large-cap or Bonds/Government/Short. Each asset can be associated with only one category.

Stocks and Crypto are assigned to a proper *-cap category, unless we don't have market cap information.

Categories are nested with increasing specificity. Meaning, that Bonds category may contain any type of bond (or a mix of them), Bonds/Government narrows down to government bonds of any maturity, and Bonds/Government/Short is the most specific. We don't always have enough information to assign the most specific categories.

Regions

The regions taxonomy is a nested set of world regions, like Developed/North America/United States. Each asset can be associated with multiple regions and weighted accordingly. The classification follows the MSCI model.

  • Stocks are assigned to their country of origin.

  • ETFs and Funds are assigned to multiple broader regions, like Developed/Europe (with the exception of US, Canada, UK and Japan).

Region Category

To address the attribution issue, assets are also assigned to predefined Region Categories, such as All World or APAC, with each asset belonging to only one class. This classification provides non-partial results that can be benchmarked.

  • Assets are assigned to a class if their region weight matches the class within a ±10% precision.

  • Predefined classes use MSCI World as a reference for allocation.

  • If no class matches, the region or combination of regions covering at least 90% of the weight is used.

Sectors

The sector taxonomy is a nested set of sectors and industries, like Communication Services/Entertainment/Movies & Entertainment. Each asset can be associated with multiple sectors and weighted accordingly. We utilize the industry-standard GICS classification with minor adjustments to better fit the assets tracked in Capitally.

  • Stocks and cryptocurrencies are assigned to a specific sector and industry.

  • ETFs and Funds are assigned to broader sectors, such as Communication Services.

Syncing Remote Assets

To ensure your taxonomies remain current, you can sync them for all market-traded assets. Simply open the Portfolio, navigate to Positions or Assets, and select "Update Market Taxonomies" from the context menu.

Editing taxonomies

To edit a taxonomy, open it in Portfolio and click the Edit button. You can rename it or reorganize the structure within the tree.

If you rename a predefined taxonomy, like Bonds, any new assets you add will adopt your renamed version, allowing you to customize your organization method.