Robo War Experiment (RWE) Update – December 2022

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2023/01/14/robo-war-experiment-rwe-update-december-2022/

This is a performance update to my Robo War Experiment (RWE) posted here: https://seedly.sg/opinions/robo-war-experiment-rwe-update-november-2022/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

Performance Update

Here is the December 2022 Performance Update:

The year 2022 ended with a losing month and full year returns in the red. XIRR since inception are also in the negative territory, with Endowus Equity 100 portfolio suffered the least loss greatly helped by its excellent market-beating performance in 2021.

Key Observations

1. All 5 robo advisors and 3 benchmark indices in the red for the month of December 2022.
2. Endowus Equity 100 portfolio is the worst performer with -5.90% in December 2022, but it beats all the 3 benchmark indices and has the best returns in terms of XIRR since inception among the robo advisor portfolios.
3. Among the 3 benchmark indices, S&P 500 index took the lead in XIRR performance since inception. It beats both MSCI World and MSCI ACWI indices in good year (2021) and suffered similar losses in bad year (2022).