Robo War Experiment (RWE) Update – May 2022

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2022/06/03/robo-war-experiment-rwe-update-may-2022/

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

Continued to see a sea of red for robo advisors and benchmark indices in May 2022, but it was less severe than April 2022. The 2 new entrants held 2 extreme ends of the performance continuum, MoneyOwl the lowest loss and SquirrelSave the highest loss. Other than SquirrelSave, the remaining 4 robo advisors managed to beat the benchmark indices.

Key Observations

1. All 5 robo advisors suffered lower losses in May 2022, MoneyOwl the least, and SquirrelSave the worst.
2. Except SquirrelSave, the remaining 4 robo advisors managed to beat the 3 benchmark indices.
3. Only Endowus retained positive XIRR since inception, but S&P 500 took the crown.

Referral Links/Codes

Endowus: https://endowus.com/invite?code=J6YV3
Syfe: 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