Though my flash begs to differ, the concealer is not completely white. The true color shows at the bottom of the blended swatch and also from the product dot. I'm very happy with the light & neutral combination it ended up giving my skin. I find it matches closest with my Matte Studio Eyeshadow in Nude; which I use as a setting powder under my eyes.
Overall, I really enjoy this product and could see myself repurchasing this if I ever run out. The only downfall is getting accustomed to using something of this consistency. The slightest bit of product goes a very long way and easily applying too much can cause complications.