Which comparison is made easier by holdings-based style analysis?

Holdings-based style analysis is particularly useful for comparing individual positions within a portfolio. This analytical method evaluates a portfolio's holdings based on their characteristics, such as market capitalization, value versus growth orientation, and other factors. By examining these characteristics, investors can better understand how each position contributes to the overall investment strategy and performance of the portfolio.

When assessing individual positions, holdings-based style analysis allows for a granular look at how each security aligns with the intended investment style, whether that be equity growth, value, or other classifications. This capability facilitates deeper insights into performance drivers and can help identify misalignments with the portfolio's stated objectives.

In this context, comparing individual positions becomes clearer because analysts can see precisely how each holding fits within broader style categories and overall portfolio exposure, helping to assess performance in terms of risk and return profiles as compared to benchmarks.

Other comparisons mentioned, such as those between global markets, different investment strategies, or historical trends in returns, may not leverage the same detailed insights that holdings-based analysis provides for individual positions.