CFA® Formula Sheets – SimpleSheets+ for Levels 1, 2 & 3
Built by CFA charterholders and powered by UWorld’s active learning system and Wiley’s 200-year academic legacy, SimpleSheets+ helps you recall key formulas and understand how they connect — so you can apply concepts under pressure, not just memorize them. Use alongside your QBank and study guides for deeper understanding and greater exam-day confidence.
Why Use UWorld’s CFA Formula Sheets?
CFA Level 1 Formula Sheet
Master the fundamentals with UWorld’s CFA Level 1 Formula Sheet in SimpleSheets+, designed to help you build strong CFA fundamentals. Get structured access to the most important formulas across key topic areas so you can focus on understanding, not memorizing.
These CFA formula sheets are organized by subject for quick reference and active recall. They are perfect for visual learners, new candidates, and those returning to study after a break.
What’s Included:
- Core formulas from Quantitative Methods, Economics, Corporate Issuers, Equity, Fixed Income, and more
- Sample formulas: DuPont Analysis, Global Minimum Variance Portfolio
- Simple definitions and breakdowns of each formula
CFA Level 2 Formula Sheet
Advance your financial analysis and valuation mastery with the CFA Level 2 Formula Sheet from SimpleSheets+. CFA Level 2 content focuses heavily on analysis and application. These CFA formula sheets help you organize and retain the core math behind those concepts.
With a clear, topic-by-topic layout, SimpleSheets are perfect for efficient study and revision and tackling vignette-style questions and complex scenario-based problems.
What’s Included:
- Comprehensive formulas for FSA, Equity, Fixed Income, Derivatives, and more
- Sample formulas: Sharpe Ratio, Forward Price, FCFF vs FCFE models
- Definitions, explanations, and formatting that align with real exam application
CFA Level 3 Formula Sheet
Tackle advanced portfolio management with confidence using UWorld’s CFA Level 3 Formula Sheet in SimpleSheets+. Level 3 is all about strategy and application. SimpleSheets+ distill advanced topics into a clean, approachable format to help you organize your thoughts and elevate your prep.
Our formula sheets are categorized by topic and formatted for easy review under pressure. They are built to help you connect high-level concepts with formula-based logic.
What’s Included:
- Must-know formulas across Asset Allocation, Portfolio Construction, Derivatives, and more.
- Sample formulas: Attribution Analysis, Strategic Asset Allocation, Tax Efficiency Metrics
SimpleSheets vs. SimpleSheets+: What’s the Difference?
| Feature |
SimpleSheets (Free) |
SimpleSheets+ ($79) |
|---|---|---|
| Organized by Topic Area | ✔ | ✔ |
| Level-Specific Downloads | ✔ | ✔ |
| Covers All Topics | ✖ | ✔ |
| Definitions & Concepts | ✖ | ✔ |
| Exam Prep Focused | BASIC | ✔ ADVANCED |
Benefits of Using UWorld's CFA SimpleSheets+
The last thing you need during your CFA prep is to deal with a complex UI. Our CFA formula sheets, in addition to our other CFA study materials, are simple and easy to use. With a comfortable UI and intuitive features, you can save time and effort in your preparation.
Most CFA candidates reinforce their understanding of concepts by working through tasks that require formulas. This disciplined repetition will help you recall the key concepts behind the formula, its structure, and its use. Going through our CFA QBank and CFA mock exam questions that heavily require calculations is the ideal way to put what you’ve learned into practice.
Almost all CFA formulas, such as fixed income, equity valuation, and derivatives, are based on 1 core principle. Understanding the linked ideas and formulas is frequently a rapid step if you comprehend the concept. Not only will you know where the formulas originated from, but you will also be able to recall them more readily. Understanding and using a concept to create a formula is far simpler than remembering several formulas.
Including important formulas in your study material is essential to any effective CFA study strategy. With our CFA formula sheets, you can better organize information, understand ideas, and facilitate individual or group learning.
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SimpleSheets+
Premium digital in-product supplement offering rapid access to fundamental formulas and concepts, enhancing efficiency and aiding in understanding.
Core
Sharpen your skills with exam-level questions.
Includes:
- QBank
- Study Guides (eBook)
- Study Planner
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Advanced
Study smarter with guides and on-demand lessons.
Includes EVERYTHING in Core, plus:
- Expert-Led Video Lectures
- Mock Exam A
- SimpleSheets+
- Digital FlashCards
- ReadyDecks
Elite
Ace the exam with expert support and live coaching.
Includes EVERYTHING in Advanced, plus:
- StudyPass
- Study Guides (Printed)
- Mock Exam B
- Live Online Classes
- Accelerate BootCamp
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Frequently Asked Questions (FAQs)
What’s the difference between SimpleSheets vs SimpleSheets+?
| SimpleSheets | SimpleSheets+ |
|---|---|
| SimpleSheets offers a free preview for each CFA Exam level, giving you a glimpse of key formulas organized by topic to support your prep. | SimpleSheets+ is an extensive, concise reference guide offering each level’s key formulas, definitions, and fundamental concepts. It is included with the Advanced and Elite packages. |
Do UWorld’s CFA formula sheets cover all three levels?
Yes. UWorld’s CFA formula sheets are available for Levels 1, 2, and 3, each customized to that level’s curriculum and question style. Level 1 focuses on foundational formulas in quantitative methods, economics, and financial reporting. Level 2 emphasizes application-based formulas used in valuation, portfolio analysis, and risk management. Level 3 formula sheets include advanced portfolio management and performance measurement equations. Each set is aligned with the latest Learning Outcome Statements (LOS), ensuring complete coverage of formulas tested in the CFA® exams.
Are UWorld’s CFA formula sheets free to access?
Yes. You can download a free sample CFA® formula sheet directly from this page by selecting your desired level. The free SimpleSheets preview includes essential formulas organized by topic to help you get started with your prep. For complete access, SimpleSheets+, included with UWorld’s Advanced and Elite CFA Exam Prep packages, provides full formula coverage, definitions, and explanations across all levels.
How do UWorld’s formula sheets help with CFA exam prep?
UWorld’s CFA formula sheets go beyond memorization. Each sheet is designed to teach you when and how to apply each formula through visual structure, context cues, and cross-links to related practice questions in the CFA Exam Prep course. This integrated approach reinforces understanding, improves recall, and strengthens problem-solving accuracy under timed conditions. Whether you’re reviewing formulas daily or doing last-minute revision, UWorld’s formula sheets help convert formula knowledge into exam-ready confidence.
How often are UWorld’s CFA formula sheets updated?
UWorld’s CFA formula sheets are updated before every new exam cycle to reflect the latest CFA Institute curriculum and any changes to Learning Outcome Statements (LOS). Each update ensures all formulas, definitions, and examples stay accurate and relevant. This guarantees that candidates always study from the most up-to-date version, matching the exact formulas tested on their exam
Are you allowed to take a reference formula sheet to the exam?
No. You won’t be allowed to carry the formula sheet to the exam. However, it is a valuable resource for preparing for the CFA Exam.
Should I remember all formulas tested on the CFA Exam?
A mountain of formulas is on top of the core CFA curriculum, topics, and learning outcome statements (LOS). When it comes to memorizing CFA Exam formulas, even though they are tough, it is advised to know them all. With our CFA formula sheets, you can understand the key concepts to derive the related formulas and organize them by including categorized formulas for each CFA Program chapter. This is helpful because, as you advance, the ability to grasp topics and demonstrate your knowledge becomes more critical.