I have an account each with two robo-advisors, namely MYTHEO and StashAway. The StashAway account was opened in May 2020 while MYTHEO account was opened last year and I think it is a good time to compare their results. The returns are as on 31 October 2020. I am going to list just the stock code of the exchange traded funds (ETFs) in this article. If you are interested, you can google the stock code to get more information about the ETF.
MYTHEO
The return from MYTHEO is not great. My one-year return in MYR is -3.28% while it is -2.25% in USD. The current allocation of my portfolio is 94.77% in ETFs and 5.23% in cash (USD).
The ETFs that I have in my portfolio have also changed since my previous review. My portfolio is now 68% growth (previously 69%), 18% income (21%), and 14% inflation hedge (10%).
The number of growth ETFs has reduced from 13 to 11. These ETFs are EWH, EWJ, EWS, EWT, EWU, FM, FXI, IWP, QQQ, VPL, and VTV.
For the income category, the number has increased from eight to 11. These include BWX, EMLC, HYG, IEF, IEI, IGOV, LQD, MBB, SJNK, TLT, AND VGIT.
The number of ETFs in inflation hedge category has also increased from eight to nine. The ETFs are DBB, DBO, IAU, IGF, IYR, REM, RWX, SLV, AND TIP.
It seems like the platform has lowered the aggressiveness of my portfolio.
StashAway
The return from StashAway exceeds my expectation. Due to MYTHEO performance and the current economic situation, I would be happy to see a 2 – 3% returns. However, the return up to 31 October is 4.24% (MYR) or 7.80% (USD). The current allocation of my portfolio on StashAway is 97.77% ETFs and 2.23% cash (USD).
The ETFs are divided into five asset classes. Each asset class has up to three ETFs. The first asset class is Equity Sectors (US) and includes IJR, XLV, and XLY. The second class is International Equities and KWEB is the only ETF. The third asset class is Fixed Income which contains BNDX. The fourth is Government Bonds and the only ETF is EMB. The last asset class is Commodities which consists of GLD.
Almost 50% of the above ETFs are in the fixed income and inflation hedge category.
Conclusion
I have tabulated the returns from these two providers below.
| Platform | MYR | USD |
| MYTHEO | -3.28% | -2.25% |
| StashAway | +4.24% | +7.80% |
From the table above, it is obvious that StashAway gives better return than MYTHEO. However, I am going to give MYTHEO two – three years time to prove its worth. Thus, I am still continuing my monthly contribution to this platform. If the return is still dismal after this period, I will pull out of the platform.
Based on the results above, I am going to recommend StashAway as the preferred platform. I will do a performance review on these two robo-advisors again after one year.
Referral code
Below is my referral link to StashAway. 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 StashAway with Google and register yourself.
StashAway: Link here – If you register and invest through this link, you and I might get a 6-month management fee waiver*.
*Terms and conditions apply.
