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High 10 Robo-Advisor Performers vs. Benchmarks YTD


The common robo-advisor underperformed its benchmark by 0.13% within the first three quarters of 2022, whereas a number of outperformed throughout this tumultuous yr for monetary markets — together with three that exceeded their benchmarks by greater than 3% — in accordance with the newest Robo Report launched by Condor Capital Wealth Administration on Thursday.

“This third quarter of 2022 pushed markets and indexes additional into the pink. Inflation has remained persistently excessive, and labor markets are persistently sturdy regardless of latest headlines of layoffs at some main tech companies,” the report famous.

“Whereas provide chains proceed to detangle, the struggle in Ukraine exhibits little signal of reaching a decision. Traders more and more query whether or not the Federal Reserve will overcorrect and are actually extra often asking how deep a recession can be as a substitute of whether or not there can be one,” it stated.

Condor Capital’s supervisor of funding analysis, David Goldstone, famous that “worth investing is again in model yr so far,” reversing years of progress inventory outperformance.

Thomas Leahy, Condor’s senior monetary analyst, added that fixed-income portfolios which have maintained low length and depend on municipal bonds have performed properly yr so far and over longer intervals.

“As a result of excessive degree of inflation and corresponding rising-interest fee financial coverage, buyers had little solace this quarter,” Leahy stated.

Long term, Titan Make investments, one of the vital energetic robo-advisor portfolios throughout the tracked accounts, was the highest performer over the three-year trailing interval ending Sept. 30, 2022.

Zacks Benefit gained greatest robo-advisor for complete portfolio returns, equity-only returns and fixed-income-only returns for the final 5 years.

The Robo Report, which tracks 58 accounts at 33 completely different robo-advisors, measured efficiency partly on a “normalized benchmarking” to check globally diversified portfolios. The workforce behind the report began opening accounts at robo advisors in 2015 to deliver transparency to the business.

See the gallery for the prime 10 robo-advisor accounts yr so far, amongst these with roughly 60% inventory, 40% bond allocations, based mostly on efficiency versus normalized benchmarks.

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