Robo War Experiment (RWE) Update – March 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/04/04/robo-war-experiment-rwe-update-march-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 March 2024 Performance Update:

Another month of positive performance for the 5 robo advisors' portfolios and the 3 benchmark indices. Except for Syfe monthly returns lagging slightly behind S&P 500, this month we saw that robo advisors' portfolios performed better than the indices. StashAway managed to turn positive in terms of XIRR since inception.

Key Observations

1. All 5 robo advisors and 3 benchmark indices showed positive monthly returns in March 2024.
2. SquirrelSave had the highest monthly returns among the robo advisors.
3. StashAway just turned positive in terms of XIRR since inception.
4. Endowus marched above 6% in terms of XIRR since inception.
5. SquirrelSave was the only robo advisor remained in negative territory in terms of XIRR since inception.

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