Software Alternatives, Accelerators & Startups

Fig Scripts VS Portfolio Backtest

Compare Fig Scripts VS Portfolio Backtest and see what are their differences

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Build internal CLI tools, really fast

Portfolio Backtest logo Portfolio Backtest

Create portfolio backtests quickly and easily by describing them in plain English. Our AI will find the relevant Stocks or ETFs and create the backtest for you.
  • Fig Scripts Landing page
    Landing page //
    2023-02-08
  • Portfolio Backtest Write you backtest in natural language
    Write you backtest in natural language //
    2025-06-04
  • Portfolio Backtest Return Summary
    Return Summary //
    2025-06-04
  • Portfolio Backtest Portfolio Value
    Portfolio Value //
    2025-06-04
  • Portfolio Backtest Portfolio Drawdowns
    Portfolio Drawdowns //
    2025-06-04
  • Portfolio Backtest Annual Returns
    Annual Returns //
    2025-06-04

I built Portfolio Backtest because I wanted an easy way to backtest hypothetical portfolios.

Alternatives required you to fill out long complicated forms to construct the backtest but I wanted something where you could just describe what you wanted in plain english.

Once created I wanted it to be able to track CAGR, portfolio value over, returns by year, drawdowns and a range of other metrics.

Portfolio Backtest

$ Details
freemium
Release Date
2025 June
Startup details
Country
Australia
State
NSW
City
Mortdale
Founder(s)
Rhys Diab
Employees
1 - 9

Fig Scripts features and specs

  • Pre-built automation scripts
    Fig Scripts provides a library of pre-built scripts that help developers automate common tasks, saving significant time on repetitive terminal workflows without needing to write scripts from scratch.
  • Easy integration with the terminal
    Fig Scripts integrates seamlessly with the terminal environment, allowing users to run and manage scripts directly within their existing workflow without needing to switch between tools or interfaces.
  • Community-driven collection
    The scripts are community-driven, meaning developers can benefit from the collective knowledge and contributions of other developers, gaining access to a diverse range of useful automation solutions.
  • Customizable and extensible
    Users can modify existing scripts or create their own to fit specific use cases, making the tool flexible enough to accommodate a wide variety of development workflows and personal preferences.
  • Developer-focused design
    Fig Scripts is built specifically for developers, so the scripts and tooling are tailored to common development tasks like Git operations, environment setup, deployment, and other engineering-centric workflows.

Possible disadvantages of Fig Scripts

  • Limited platform support
    Fig was historically focused on macOS, which limited its availability to developers working on Linux or Windows platforms, reducing its appeal for cross-platform teams.
  • Dependency on Fig ecosystem
    Using Fig Scripts often requires having the broader Fig (now acquired by AWS and rebranded) tooling installed, creating a dependency on an external ecosystem that may change or be discontinued.
  • Uncertain future after acquisition
    After Fig was acquired by Amazon and integrated into AWS, the future direction and continued support of Fig Scripts became uncertain, raising concerns about long-term reliability for users who depend on it.
  • Limited script discoverability
    Finding the right script for a specific use case can be challenging, as the library may not be as well-organized or searchable as more mature package managers or script repositories.
  • Learning curve for customization
    While pre-built scripts are easy to use, customizing or creating new scripts requires understanding Fig's specific configuration format and conventions, which adds a learning curve beyond standard shell scripting.

Portfolio Backtest features and specs

  • Easy Portfolio Backtesting
    Portfolio Backtest provides a straightforward interface for testing historical performance of investment portfolios, making it accessible to both beginner and intermediate investors who want to evaluate asset allocation strategies.
  • Multiple Asset Support
    The platform supports backtesting across a variety of asset classes including stocks, ETFs, and mutual funds, allowing users to construct diversified portfolios and analyze their historical behavior.
  • Visual Performance Charts
    The tool provides clear visual charts and graphs showing portfolio growth, drawdowns, and other performance metrics over time, making it easy to compare different allocation strategies at a glance.
  • Free to Use
    Portfolio Backtest offers free access to its core backtesting features, which lowers the barrier to entry for individual investors who want to test strategies without committing to expensive subscription-based tools.
  • Portfolio Comparison
    Users can compare multiple portfolio configurations side by side, enabling them to evaluate the impact of different asset allocations and rebalancing strategies on risk-adjusted returns.

Possible disadvantages of Portfolio Backtest

  • Limited Historical Data
    The platform may have limited historical data depth compared to more premium backtesting tools, which can restrict the ability to test strategies over very long time horizons or during specific market events.
  • Basic Analytics
    Compared to professional-grade tools like Portfolio Visualizer or QuantConnect, the analytics and risk metrics available on Portfolio Backtest can be relatively basic, lacking advanced measures such as factor exposure analysis or Monte Carlo simulations.
  • Limited Customization Options
    The tool may not offer extensive customization for rebalancing frequencies, tax-loss harvesting simulations, or custom benchmarks, which limits its usefulness for more sophisticated portfolio strategies.
  • Smaller User Community
    Portfolio Backtest has a smaller user base and community compared to more established platforms, meaning there are fewer tutorials, forums, and shared strategies available for new users seeking guidance.
  • Survivorship Bias Risk
    Like many free backtesting tools, Portfolio Backtest may be subject to survivorship bias in its asset database, as delisted or failed securities might not be included, potentially leading to overly optimistic backtest results.

Analysis of Fig Scripts

Overall verdict

  • Fig Scripts, part of the Fig platform, was a well-regarded tool for terminal autocomplete and productivity, though it's important to note that Fig was acquired by AWS in 2023 and its standalone product was eventually sunset, with much of its technology being integrated into Amazon Q Developer (formerly CodeWhisperer/CLI). If you're referring to the legacy Fig tool, it was generally well-liked for its user-friendly approach to terminal enhancement.

Why this product is good

  • Provided IDE-style autocomplete for hundreds of CLI tools directly in the terminal
  • Easy to install and integrated seamlessly with existing shell environments like bash, zsh, and fish
  • Offered a visual, intuitive interface for command discovery without needing to leave the terminal
  • Supported scripting and customization for teams to build their own autocomplete specs
  • Had a strong open-source community contributing autocomplete definitions for various tools

Recommended for

  • Developers who spend significant time in the terminal and want to reduce typing errors
  • Teams looking to standardize CLI usage with custom autocomplete scripts
  • New developers learning complex CLI tools who benefit from visual command suggestions
  • Users who prioritize terminal productivity and efficiency
  • Those already using AWS tools who might now prefer transitioning to Amazon Q Developer for similar functionality

Analysis of Portfolio Backtest

Overall verdict

  • Portfolio Backtest is a solid tool for investors who want to validate investment strategies using historical data before committing real capital, offering a practical way to assess risk and returns.

Why this product is good

  • Allows users to test investment strategies against historical market data to evaluate potential performance
  • Helps identify risk exposure and drawdown potential before investing real money
  • Provides data-driven insights that can improve decision-making and reduce emotional investing
  • Often includes portfolio comparison features to benchmark strategies against indices or other allocations
  • Accessible interface that doesn't require advanced coding or statistical expertise

Recommended for

  • DIY retail investors testing asset allocation strategies
  • Financial planners validating client portfolio recommendations
  • Quantitative hobbyists experimenting with factor-based or rules-based strategies
  • Long-term investors wanting to stress-test portfolios against historical downturns
  • Users comparing passive vs active investment approaches before committing funds

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Portfolio Backtest videos

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What are some alternatives?

When comparing Fig Scripts and Portfolio Backtest, you can also consider the following products

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