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.


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%).


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%).


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

PlatformMYR Total ReturnUSD Total ReturnMYR Annualised Return

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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