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OPINIONS

Robo War Experiment (RWE) Update – May 2022

An update to my Robo War Experiment performance for May 2022.

Tan Choong Hwee

Edited 03 Jun 2022

Solutions Specialist at Providend

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

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ABOUT ME

Tan Choong Hwee

Edited 03 Jun 2022

Solutions Specialist at Providend

Solutions Specialist

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