Luum publishes this comparison. We build one of the products discussed, so read it with that in mind. Facts were last verified on September 11, 2026; the other products change too, so check their sites.
Luum vs Sharesight
Sharesight is a mature global tracker with deep dividend and tax reporting. Luum is Canada-first: registered-account context and ACB across accounts.
Last updated September 11, 2026 · 9 min read
The short version
Sharesight fits better if you invest across several countries, dividend income tracking is central to how you invest, or you want a tool with a long public track record, including established Canadian capital-gains reporting.
Luum fits better if your investing life is Canadian-first, registered accounts, Canadian brokerages, CAD, and you want more than a record of what happened: one picture of allocation, drift and pooled ACB across every account, contribution room drawn down as you deposit, look-through into what your funds actually hold, and a forward projection built on the assumptions Canadian planners use.
What Sharesight does well
Sharesight's depth comes from age and scale. It tracks stocks, ETFs and funds across more than 60 markets, automatically applies dividends, DRIPs, splits and other corporate actions, and imports trades from hundreds of brokers, including by forwarding trade-confirmation emails, which works with nearly anything. Its reporting is extensive: performance, diversity, exposure, future income, and more.
Canada is one of the countries it takes seriously. Sharesight's Canadian capital-gains tax report follows CRA rules using the adjusted-cost-base method, portfolios can be typed as Non-Registered, RRSP, RRIF or TFSA, and reports can be shared straight to an accountant. It has also built look-through into ETF holdings for funds based in several countries, including Canada. Its Canadian tax reporting has been in the market longer than ours, and that is worth knowing.
What Luum does well
Sharesight's genius is the record: what happened in your portfolio, captured precisely. Luum's centre is the plan: where you stand against it right now, what is drifting, and what that is costing you.
The plan, measured continuously
You set targets in the terms a plan is actually written in, asset class, region and sector, and Luum tracks drift against them across every account at once rather than one statement at a time. When you are off, the rebalance simulator computes the trades that would move you back toward target. You place them at your brokerage yourself. The arithmetic is the tool's job; the decision stays yours.
Canada as the starting point, not a setting
TFSA, RRSP, FHSA, RESP and taxable accounts are first-class concepts rather than configuration options, so the picture Luum draws is the picture a Canadian plan is made of. Adjusted cost base is pooled the way the CRA pools it, per taxpayer across every account, through years of partial sales. Capital gains are reported across every reportable account together, with registered accounts excluded because their gains are sheltered, and the year's dispositions export as a T5008-style CSV. On the Investor tier and above, TFSA and RRSP contribution room is drawn down from the figure on your notice of assessment, flagging when you are near the limit and, separately, when you are over it.
What is actually inside your funds
Luum looks through your ETFs to the securities they hold, with each fund's real management expense ratio attached. It detects pairwise overlap between two funds you own, so two index products holding the same companies cannot hide a concentration, and it measures your home-country bias against the Canada weight in a global index rather than against a feeling.
The diagnostics most trackers do not run
On the Wealth tier, the Strategy page quantifies blended risk from beta, volatility and maximum drawdown, and scores concentration with the Herfindahl-Hirschman Index across four dimensions: asset class, sector, geography and individual holding. It compounds each fund's real fee drag over ten, twenty and thirty years, and benchmarks your blended cost, concentration and return against anonymised aggregates of Luum users with similar risk profiles, goals and time horizons.
Forward, not only backward
Most trackers stop at what already happened. Luum's Monte Carlo projection runs ten thousand simulated portfolio paths from your actual allocation, combining its asset classes into one expected return and volatility using the correlations between them, and reports the range rather than a single number. The capital market assumptions come from the Projection Assumption Guidelines published annually by FP Canada and the Institute of Financial Planning, which are the assumptions Canadian financial planners are expected to use for long-horizon projections, and they are refreshed each year when the new edition lands. Against your goal, the page says whether you are on track or at risk, and states the gap in today's dollars.
The securities, and the market around them
Ticker Scores rank every stock and ETF you hold on five measured dimensions, refreshed nightly, an input to a decision you make rather than a signal to act on. Watchlists carry optional price alerts, and the Explore tab shows exchange-wide movers and 52-week highs and lows across the TSX, NYSE and NASDAQ, plus an IPO calendar. Luum's AI explains the numbers on your own screen in plain language, grounded in your real data and unable to invent a figure. It is never a stock tip.
The trust posture is structural, not a promise
Luum connects read-only through Snaptrade. You sign in on your brokerage's own page, your credentials never touch us, and read-only means read-only: Luum cannot place a trade, move cash or change a setting. Your data is stored in Canada, manual assets and liabilities blend in when you want the view to widen to your full net worth, and you can export all of it whenever you want.
Where they differ
| Compared on | Sharesight | Luum |
|---|---|---|
| Built for | Global investors, 60+ markets | Canadian investors first |
| Account types | Non-Registered, RRSP, RRIF, TFSA | TFSA, RRSP, FHSA, RESP, taxable and more |
| Data in | Broker imports, trade-confirmation emails, CSV | Read-only brokerage sync, CSV, manual |
| Dividend & corporate actions | Tracked | Tracked; not the product's centre |
| Capital-gains reporting | CRA-aligned CGT report, ACB method | ACB pooled per taxpayer, T5008-style CSV |
| Target allocation & drift | Basic | Built in, asset class, region, sector |
| ETF look-through | Yes, for funds from several countries | Yes, including MER |
| Instrument analysis | Reporting-centred | Ticker Scores on five measured dimensions |
| AI | No | Explains your portfolio's own numbers |
| Data residency | Global service | Data stored in Canada |
| Mobile app | Yes | Web app (no mobile app today) |
What we concede
If all you want right now is the cost-base arithmetic for one security, neither product is needed for that: the adjusted cost base calculator is free, needs no account, and runs in your browser.
Sharesight is nearly two decades old, and its dividend and corporate-action automation is depth that only time builds. Its market coverage is far wider than ours, which is the axis to weigh if a meaningful part of what you hold sits outside Canada. Its Canadian tax reporting is older than ours. Ours is educational, does not apply superficial-loss adjustments, and should be checked against your own records before you rely on it. Sharesight has mobile apps and Luum is web-only today.
Pricing
Sharesight is free for up to 10 holdings in a single portfolio, with several paid plans that unlock more holdings, portfolios and advanced reports, current prices at sharesight.com/ca/pricing. Luum: a free Starter tier for a single portfolio via brokerage sync or CSV import, with no time limit; current plans and prices are on our pricing page.
Bottom line
Sharesight earned its place as the serious DIY investor's global tracker, and breadth of market coverage is what it is for. Luum is built for the investor whose problem fits inside Canada and is therefore harder than it looks: several accounts taxed several ways, more than one brokerage, one cost base pooled across all of them, and one plan to measure the whole thing against. That shape is in the product from the first line of code rather than adapted to afterwards, the connection is read-only, and the data is stored here.
Common questions
Which is better for Canadian tax records?
Luum, on the specific ground that it pools adjusted cost base across accounts the way Canadian rules require and carries registered-account context. Sharesight has genuinely mature tax and dividend reporting, built for a global user base rather than around Canadian rules.
Does Sharesight cover more markets?
Yes, considerably more, and that is the honest reason to choose it. If your holdings span many exchanges and currencies, its coverage is the deciding factor and Canada-specific handling is not what you most need.
Can I move from Sharesight to Luum?
You can connect your brokerages directly rather than migrating a history, and holdings can be entered manually where a brokerage is not supported. There is no Sharesight-specific importer.
This comparison is educational and general in nature. It is not investment, tax, or legal advice. Verify current features and pricing directly with each provider before deciding.