Beating the market but how? – Money vs time weighted return

I need help with the metrics to know by how much we are beating the market, money weighted return vs time weighted return.

Currently im beating the sp500:

https://imgur.com/ltaQ5ui

with an annualized time weighted return of 80% (SP500 – 17.66%) and a money weighted return of 42.8% (Sp500 – 17.66%).

But i have trouble to understand what does it mean in layman's terms, i already investigated both terms but i want to know why the time weighted return is almost x2 the money weighted return, why does this happen and why the inverse didnt happen? and which one matters more.

I have heard more about money weighted return with investors but when do you use each one?