How annual return from pie creation is being calculated?

Hi everyone!

I have a quick question related to the annual return calculation while creating a pie. So my account is in euros and I’m simulating with an EURO ETF, let’s say EUNL (ISIN: IE00B4L5Y983) just to simplify.

If I create a pie with 100% EUNL, I get from the app 6.55% avg annual return. If I check the performance in the last years I get a totally different average:


Can anybody explain me why the difference?

Thank you very much and wish you all a great day!

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