MYTHEO Performance Review

It has been more than half a year since I open an account with MYTHEO (seven months to be exact). I think it is a good time now to review my investment performance on this robo-advisor platform.

Investing strategy

I am using its allocation recommendation and my current asset allocation is 69% growth, 21% income and 10% inflation hedge. MYTHEO invests in exchange traded funds (ETFs) traded in the United States. I deposit a lump sum of RM 1,000.00 at the beginning and invest RM 100.00 monthly.

Growth

The 13 ETFs in the growth category are

1. WisdomTree India Earnings Fund (EPI),
2. iShares MSCI Hong Kong ETF (EWH),
3. iShares MSCI Japan ETF (EWJ),
4. iShares MSCI Singapore Capped ETF (EWS),
5. iShares MSCI United Kingdom ETF (EWU),
6. iShares MSCI Brazil Capped ETF (EWZ),
7. iShares MSCI Frontier 100 ETF (FM),
8. iShares China Large-Cap ETF (FXI),
9. iShares Russell 2000 Value ETF (IWN),
10. iShares Russell Mid-Cap Value ETF (IWS),
11. Invesco QQQ Trust (QQQ),
12. Invesco S&P 500 Pure Value ETF (RPV), and
13. Vanguard Value Index Fund ETF Shares (VTV).

Income

There are eight ETFs in this category and they are

1. SPDR Bloomberg Barclays International Treasury Bond ETF (BWX),
2. VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC),
3. iShares iBoxx $ High Yield Corporate Bond ETF (HYG),
4. iShares 7 – 10 Year Treasury Bond ETF (IEF),
5. iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD),
6. iShares MBS ETF (MBB),
7. SPDR Bloomberg Barclays Short Term High Yield ETF (SJNK), and
8. Vanguard Intermediate-Term Treasury Index Fund ETF Shares (VGIT).

Inflation hedge

Inflation hedge category contains eight ETFs which are

1. Invesco DB Base Metals Fund (DBB),
2. Invesco DB Oil Fund (DBO),
3. iShares Gold Trust (IAU),
4. iShares Global Infrastructure ETF (IGF),
5. iShares US Real Estate ETF (IYR),
6. iShares Mortgage Real Estate Capped ETF (REM),
7. SPDR Dow Jones International Real Estate ETF (RWX), and
8. iShares TIPS Bond ETF (TIP).

MYTHEO performance review

Now, I shall show you my returns on this platform. The returns are separated into MYR-denominated and USD denominated. For the MYR-denominated return, there is a component of currency impact from the currency exchange rate. As on 16 June 2020, my returns are as follows.

MYR-denominated return = -4.47%

USD-denominated return = -5.96%

Conclusion

I will say that the returns are not impressive. Perhaps I started investing on this platform when the market was rosy. Nonetheless, its performance is still better than my own portfolio on ToledoTrade (-7.61% in USD). For the time being, I am going to continue my monthly contribution.

I am also comparing the returns of MYTHEO with the StashAway account that was opened one month ago. StashAway has a return of 4.61% in MYR and 6.18% in USD. However, as the investing period on StashAway is too short, I will not say that this is a fair comparison. I will make a comparison for these two platforms again in the future.

Referral code

Below is my referral link to MYTHEO. By using this link, I may gain referral reward from your registration with the platform. If you think I have done a good service in explaining the topic, please click on the link below if you have interest to register. Otherwise, you can always search MYTHEO with Google and register yourself.

MYTHEO: Link here – If you register and invest through this link, I will get discount on management fee.