how to rate portfolio success

Coming out ahead is the best way to rate a portfolio's success, but I want more than that. I want some hard, real benchmarks.

This is how I am rating my portfolio.

 beating the TSE average and BMOMIF will be considered a --------------------------> A
 beating 1 of the TSE average or BMOMIF will be considered a ------------------------> B
 a positive result but not beating the TSE ave. or  BMOMIF will be considered a --> C
 a negative return, not beating anything  will be considered a   ------------------------>Fail, and I go back to mutual funds.

After all, if I cannot beat the index or a mutual fund, why waste the time and effort.