Benchmark Index TWR

Would like to ask how come the TWR returns of the benchmark index eg. SPY / vwrd year to date returns is less than 1% and 4% repectively but actual price has already increased more than 5% for both index. Is there an error or did i misunderstand how it is measured?

Hi there,

Can you tell me the page that you are seeing this?

Thanks,
Evan

on the portfolio page under report tab.