Robo War Experiment (RWE) Update – February 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/03/08/robo-war-experiment-rwe-update-february-2024/

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

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Performance Update

Here is the February 2024 Performance Update:

February 2024 was a strong month for all 5 robo advisors' portfolios and the 3 benchmark indices. Endowus took the lead with an almost 5% monthly returns, but still lagged behind S&P 500.

To be fair, Endowus portfolio holdings are globally diversified, which performed well against the 2 MSCI global indices.

Key Observations

1. All 5 robo advisors and 3 benchmark indices put up a strong performance in February 2024.
2. Endowus portfolio is the top performer among robo advisors, with this month returns almost 5% and XIRR since inception above 5%.
3. As for the benchmark indices, S&P 500 clocked in a respectable YTD returns above 8% and XIRR since inception above 9%.

Referral Links

Endowus: https://endowus.com/invite?code=J6YV3
Syfe: https://www.syfe.com/invite/wealth/SRPTRJTFQ
StashAway: https://www.stashaway.sg/referrals/choonght43
MoneyOwl: https://moneyowl.com.sg/app/accounts/sign-up?referral_code=5FZY-58AG
SquirrelSave: https://app.squirrelsave.com.sg/Start/Referralcode?referralid=2996