The Sharesight alternative that can’t read your portfolio

The long version

Everything behind the table, one topic at a time.

Two different approaches to tracking your money

Sharesight is a portfolio tracker founded in New Zealand. Per its features page it covers stocks, ETFs and funds in 60+ markets, plus crypto, and imports trades automatically from 200+ brokers. It markets tax reports for Australia, New Zealand, Canada and the United Kingdom, with a capital gains tax report for Australian and Canadian portfolios per its help centre, and describes a server-side security model: TLS in transit, encryption at rest, SOC 2 Type 2 certification and optional two-factor authentication.

Turbobulls is a privacy-first financial tracker that uses end-to-end encryption. Data is encrypted on the device before it reaches the server, and the platform is designed so that it cannot access holdings, transactions or performance data. Beyond investments it tracks the wallet, bank accounts, salary, expenses and every income source, showing how the overall financial picture evolves over time. Every account opens with 14 days of everything and then lands on a free plan that never expires.

Both are purpose-built portfolio trackers that record real transactions with dates, prices, quantities and fees, and both handle dividend tracking, stock splits, multi-currency portfolios, benchmarking and performance analytics. Where they differ most is scope, privacy architecture and tax reporting depth.

What gets tracked, and what does not

Sharesight, per its features and precious metals pages, focuses on publicly traded assets: stocks, ETFs and funds in 60+ markets, plus crypto, property, precious metals and cash accounts that track a bank or savings balance beside the portfolio. It is positioned as an investment portfolio tracker: no salary, no personal expense tracking and no budgeting.

Turbobulls tracks investments too: stocks, ETFs, crypto, bonds, deposits and custom assets across US, EU and global markets. Beyond that it also tracks the wallet, bank accounts, salary, personal expenses and income sources. Combined analytics show how net worth has evolved over any period, factoring in both what was earned and what was spent, which matters for knowing whether investment gains are translating into wealth or being offset by spending. On top of that sits envelope budgeting: each month you assign the money you actually have to categories and watch what is left, with unspent money rolling over and overspending coming out of next month's pool.

Sharesight is positioned to answer how the portfolio is doing. Turbobulls is positioned to answer how the finances are doing. Spending and income sit in the same workspace as the portfolio, so net worth is one number rather than two tools.

How each platform handles your data

SharesightSharesight describes a server-side security model. Its security help page states that data between you and its servers is encrypted with TLS, that data on its database servers is encrypted at rest, and that two-factor authentication is optional; a May 2025 post announces SOC 2 Type 2 certification. Its privacy policy, last updated 13 April 2026, states that it stores personal information in the United States and sets out the rights EU and UK users may have under the GDPR. This is the standard model used by most portfolio trackers, and it is the model required for features such as broker auto-sync, portfolio sharing and tax report generation.

TurbobullsTurbobulls uses on-device, end-to-end encryption: AES-256-GCM, with the key derived from the user's password using PBKDF2. Financial data is encrypted on the device before it reaches the server, and under that model the platform is designed so that it cannot access it. The trade-off is that features depending on server-side data processing, such as broker auto-sync and portfolio sharing, are not offered.

Those two phrases sound similar and mean different things. Encrypted in transit and at rest, which is what Sharesight states, means the data is encrypted on the wire and on disk while the service holds the keys. It protects against an intercepted connection or a stolen disk, it is the industry norm, and the service itself can still read the data. That is not an oversight: it is exactly what makes broker auto-sync, portfolio sharing and tax report generation possible at all.

End-to-end encrypted, which is what Turbobulls is, means the key is derived from your password on your device and never reaches the server. What the server receives is ciphertext, so the operator cannot read the contents, whoever asks. These are different threat models rather than stronger and weaker versions of one, and the cost of ours is the automation on the other side of this page.

TurbobullsOn analytics, Turbobulls records explicit events only within the app: no autocapture, no session recording, no advertising trackers, and nothing sold.

Automation against privacy, the core trade-off

Sharesight markets automation as a core feature: automatic trade imports from 200+ brokers per its features page, trade confirmations processed from forwarded emails, and dividends and corporate actions updated on their own. For investors who want a hands-off experience, particularly in the regions Sharesight supports, that can save real time.

Turbobulls relies on manual entry and file import. This is a deliberate consequence of end-to-end encryption: under the model Turbobulls has chosen the server does not have access to plaintext transaction data, so it is not in a position to operate broker auto-sync as Sharesight does. For anyone comfortable with file imports this is manageable; for anyone who wants fully automated trade entry it is a real limitation.

Server-mediated broker sync, in the form Sharesight offers it, requires the server to read and process trade data. Each platform has made its own design choice: Sharesight is positioned around automation, Turbobulls around privacy. Neither is a mistake, and the right one depends entirely on which is worth more to the reader.

Income, dividends and the bigger picture

Both platforms describe dividend tracking as a core feature. According to Sharesight's public materials it tracks dividends and corporate actions including dividend reinvestment plans, factors dividends into total return calculations, and shows franking credits for Australian portfolios in its taxable income report, per its Australian tax page.

Turbobulls also imports dividends and applies stock splits automatically for supported instruments, with income breakdowns, dividend history and a view of how dividends contribute to overall returns. Withholding tax is recorded per payment, so the figure shown is net and in the base currency. Turbobulls does not handle franking credits.

Where Turbobulls differs is that it puts dividend income in the context of broader finances, alongside salary, side income and personal expenses, so passive income can be tracked against living costs. For investors building toward financial independence, that context can be more useful than the dividend data alone.

Tax reporting, where Sharesight is positioned

Tax reporting is a focus of Sharesight's public marketing, and the coverage differs by country. Per its help centre, the capital gains tax report is available for Australian and Canadian portfolios: for Australia it follows ATO rules, offers five sale allocation methods and applies the CGT discount to eligible parcels held twelve months or more; for Canada it uses the adjusted cost base method per CRA rules. New Zealand portfolios get taxable income, traders tax and FIF reports. For the United Kingdom it offers taxable income and sold securities reports, and its UK help centre says it does not currently offer a CGT report for UK portfolios. Which reports each plan includes varies; its pricing page is the authority on current inclusions.

For investors in those countries, these reports may justify a subscription on their own. This is the clearest case on the page for choosing the other product.

Turbobulls provides the underlying building blocks: realized gains, cost basis per lot, the capital against currency gain split on a plan that covers the investing side, and transaction-history exports on every plan. It does not generate jurisdiction-specific tax reports. It is built for investors who handle taxes through an accountant or tax software and want clean, accurate records to hand off.

Analytics

Turbobulls supports benchmarking against any ETF, stock or basket, with one benchmark on the free plan and no limit once the investing side is paid for, alongside return on investment, money-weighted return and time-weighted return on every plan. Behind these sits a panel of twelve metrics. Four are on the free plan: wealth velocity, growth rate (CAGR), time-weighted return and portfolio share of net worth. Paying for the investing side opens the other eight: the Sharpe ratio, maximum drawdown, return volatility, multiple on invested capital (MOIC), momentum, cost efficiency, income stability and cash allocation.

Because spending and salary sit in the same workspace, maximum drawdown and net worth are measured across everything rather than the portfolio alone, which is the figure that says what you actually had to sit through. Allocation by asset type, broker, currency and tag is on every plan; sector, industry, country and region form one paid group.

Sharesight's pricing page says to choose its Standard or Premium plan for contribution analysis and drawdown risk reports, lists multi-period reporting on its higher tiers, and leaves benchmarking off the free plan. Anyone whose decision rests on those specific reports should evaluate them directly against its own documentation.