MYTHEO vs StashAway 2023 Performance Review

mytheo vs stashaway 2023

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 2023. Contrary to previous years, I am not going to list the exchange traded funds (ETFs) in my portfolios.

MYTHEO

Based on the platform data, my total return from MYTHEO is 6.39% (2022: 3.08%) in MYR and – 4.02% (2022: -7.62%) in USD. I am going to use internal rate of return (IRR) to compute my annualised return. Since October 2019, my return (MYR) is 3.47% per annum (2022: 2.82%).

The asset allocation of my portfolio has changed slightly since my previous review, which is now 64% growth (2022: 64%), 23% income (20%), and 13% inflation hedge (16%).

StashAway

The return from StashAway is a bit weird. My money-weighted return is 8.46% (2022: -4.85%) in MYR and – 10.59% (2022: -23.66%) in USD, according to the platform. My own calculation shows that my total return is only 4.17% (2022: -2.46%) in MYR and -5.50% in USD. Using IRR, my return (MYR) since May 2020 is 2.35% per annum.

The current allocation of my portfolio on StashAway is 98.79% ETFs (2022: 98.77%) and 1.21% cash (1.23%). The allocation is as follows: aggregate bonds (18.16%), cash equivalents (11.59%), government bonds (7.54%), global equities (26.92%), commodities (9.75%), corporate bonds (7.04%), US equities (17.79%), and cash (1.21%).

Conclusion

I have tabulated the returns from these two robo-advisors below.

PlatformMYR Total ReturnUSD Total ReturnMYR Annualised Return
MYTHEO+6.39%-4.02%+3.47%
StashAway+4.17%-5.50%+2.35%

Due to the appreciation of USD, although both portfolios suffered loss in USD, the total returns in MYR are still positive. The performance of MYTHEO is again better than StashAway. I think there is enough evidence to show that MYTHEO is the better choice. MYTHEO has outperformed StashAway for three consecutive years. Thus, I am going to close my account with StashAway. MYTHEO will be my only robo-advisor from now on.



Referral codes

Below is my referral links to MYTHEO. By using the link, I may gain referral reward from your registration. 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 – I will receive a top-up of RM 10 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*.

*Terms and conditions apply.

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