Morningstar retired its free Instant X-Ray in April 2025; an X-Ray is still offered inside its paid Morningstar Investor plan ($249 a year). Unwrap.Fund covers the core job — look-through, overlap, sectors and fees — for free, with no account. It does not replace Morningstar's ratings, research or brokerage linking.
“The perfect free alternative to Morningstar X-Ray. Your product delivers exactly what I needed!”
Live from our data, not a mock-up. Sample portfolio: 50% VOO, 30% QQQ, 20% Apple shares.
You own one Apple position, but it reaches you through three doors. Adding them up: 25.7% of the portfolio.
Overlap by weight, from the funds' latest SEC filings. 506 holdings are shared.
VOO's equity holdings by sector. Every fund and stock in your portfolio is blended into one bar like this.
| Feature | Unwrap.Fund | Morningstar Investor |
|---|---|---|
| Price | Free | $249/yr or $34.95/mo (7-day trial) |
| Account needed | No | Yes (paid membership) |
| Look-through to underlying holdings | ||
| Overlap / concentration analysis | Stock Intersection | |
| Sector breakdown and blended fees | ||
| Country breakdown | Couldn't confirm | |
| What-if trade simulator | Couldn't confirm | |
| Link brokerage accounts | ||
| Performance tracking | ||
| Morningstar ratings & research | ||
| Non-U.S. funds | Couldn't confirm | |
| Holdings data | Quarterly SEC filings | Couldn't confirm |
As of October 2026, from Morningstar's public pages; features and prices change. “Couldn't confirm” means we did not find it on those pages, not that it doesn't exist. Morningstar's April 2025 notice retired its free Instant X-Ray; the paid Investor page lists X-Ray today. Not affiliated with Morningstar. Corrections: contact@unwrap.fund. Background: Bogleheads thread on the Instant X-Ray. See how we compare with other tools.
Yes. Unwrap.Fund is free and needs no account. Enter your stocks, ETFs and mutual funds and it shows your true underlying stock exposure, fund overlap, sector and country mix, and blended fees.
The free Instant X-Ray, yes. Morningstar's notice of April 15, 2025 listed X-Ray and Instant X-Ray among the tools being retired, together with the Premium membership and Portfolio Manager, effective April 17, 2025. But its current Morningstar Investor page, at $249 a year or $34.95 a month with a 7-day trial, still advertises X-Ray and Stock Intersection. We couldn't tell from the notice whether Investor's X-Ray is a successor or a separate product, so check Morningstar's site for what is available today.
Morningstar offers brokerage linking, performance tracking, its own ratings and analyst research, and a broader fund universe. Unwrap.Fund only shows what you own, looked through to the underlying stocks.
Fund holdings come primarily from official SEC Form N-PORT filings. For some ETFs we also use fresher daily holdings from TickerInside (tickerinside.com) as a secondary source. Each page states the date the data is as of and its source. Funds file with the SEC quarterly, so filing-based holdings can be months old by the time you view them.
No, and you can't. You type or paste your tickers and amounts, or upload a CSV. Your portfolio is not saved in our database; your browser keeps a copy of the last one on your own device. We do use product analytics.
It covers U.S.-registered ETFs and mutual funds that file Form N-PORT, and fetches ones it hasn't seen on demand. Non-U.S. funds (UCITS, European, Canadian) are not supported yet.
Paste your positions, get your true stock exposure, overlap, and fees in seconds.