All else the same, an accumulation index is a better benchmark for a broad equity portfolio's return than is an otherwise identical price (non-accumulation)index.

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Quizplus · Accepted Answer

An accumulation index takes into account not just the price movements of a portfolio's constituent stocks, but also the reinvestment of dividends or other distributions. Therefore, it more accurately reflects the overall return of a broad equity portfolio compared to a non-accumulation index, which only considers price changes.

All Else the Same, an Accumulation Index Is a Better