This is a comparison between the latest returns of my two robo-advisors, MYTHEO and StashAway. For the performance of the previous year, you can refer to this article.
The returns are as on 31 October 2022. 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
Based on the platform data, my total return from MYTHEO is 3.08% (MYR) and -7.62% (USD). I am going to use internal rate of return (IRR) to compute my annualised return. Since October 2019, my return (MYR) is 2.82% per annum (cf. 12.42% in 2021). Almost all of my cash in the account is deployed.
The asset allocation of my portfolio has changed since my previous review, which is now 64% growth (2021: 68%), 20% income (18%), and 16% inflation hedge (14%).
Asset Class | Weightage | ETFs |
---|---|---|
Growth | 64% | EPI, EWC, EWH, EWJ, EWU,EWY, FM, FXI, IWN, IWS, QQQ, SUSA, VTV |
Income | 20% | EMLC, HYG, IEF, IGSB, LQD, MBB, SJNK, SRLN, TLT |
Inflation hedge | 16% | DBB, DBO, IAU, ICLN, IGF, IYR, REM, RWX, TIP |
StashAway
The return from StashAway is worse than MYTHEO. My money-weighted return is -4.85% (MYR) and -23.66% (USD), according to the platform. My own calculation shows that my total return is -2.46% (MYR). Using IRR, my return (MYR) since May 2020 is 0.00% per annum. I am not sure if the calculation in my Excel file is correct as the IRR value is weird. The current allocation of my portfolio on StashAway is 98.77% ETFs (2021: 98.56%) and 1.23% cash (1.44%).
The table below shows the ETFs in my portfolio.
Asset Class | Weightage | ETFs |
---|---|---|
Government Bonds | 23.94% | IGOV, TIP, WIP |
Corporate Bonds | 7.81% | BNDX |
US Equities | 22.90% | IJR, XLE, XLP |
International Equities | 24.80% | EWA, EWC, EWJ |
Real Estate | 7.93% | VNQ |
Commodities | 11.41% | GLD |
Cash | 1.23% | - |
Conclusion
I have tabulated the returns from these two robo-advisors below.
Platform | MYR Total Return | USD Total Return | MYR Annualised Return |
MYTHEO | +3.08% | -7.62% | +2.82% |
StashAway | -2.46% | -23.66% | 0.00% |
The performance of MYTHEO surprised me in the current economic environment as I was expecting a negative figure. The return of StashAway is within my expectation. It is clear that MYTHEO is the winner. This is the second consecutive year that MYTHEO beats StashAway. Due to the appreciation of USD, although both portfolios suffered significant loss, the total returns in MYR still look okay. Both platforms performed better than my own foreign portfolio. Last year, my own portfolio outperformed StashAway.
For now, I am going to continue my monthly contributions on both platforms. Let’s see if MYTHEO will continue its winning streak. If MYTHEO is still better than StashAway, perhaps I should consolidate my fund in MYTHEO.
Referral codes
Below are my referral links to the two platforms. By using the links, I may gain referral reward from your registration with the platforms. 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 or StashAway with Google and register yourself.
MYTHEO: Link here – I will receive a top-up of RM 5 while you will receive a management fee waiver for 3 calendar months from the date of the approved initial deposit if you register through this link*.
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.
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