Robo War Experiment (RWE) Update – November 2025

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2025/12/03/robo-war-experiment-rwe-update-november-2025/

This is a performance update to my Robo War Experiment (RWE) posted here:
https://pwlcm.wordpress.com/2025/11/05/robo-war-experiment-rwe-update-october-2025/

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 November 2025 Performance Update:

The 6-month streak of positive monthly returns had come to a pause in November 2025. The 3 robo advisor portfolios (Endows/Syfe/SqSave) and all 3 benchmark indices had dipped into the red, while the remaining 2 robo advisor portfolios (StashAway/MoneyOwl) managed to stay slightly above water.

SqSave portfolio dropped more than -9%, much more than the rest, but it was probably due to them experiencing mean reversion effect from their extraordinary double-digit returns in October 2025.

Despite a pause in monthly returns, all their YTD Returns remained in double digit territory. In terms of XIRR since inception, Endowus continued to take the lead among the robo advisors, beating the MSCI ACWI, and lagging behind both MSCI World Index and S&P 500 index.

Key Observations

• All 5 robo advisor portfolios and 3 benchmark indices took a pause in their streak of 6-month consecutive positive monthly returns in November 2025.
• SqSave suffered the last drop in November 2025 due to mean reversion effect from their extraordinary double-digit returns in October 2025.
• In terms of YTD returns, all the robo advisor portfolios and benchmark indices stayed in the double digit territory.
• Endowus continued to retain the leader position among the robo advisors 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