MARTINSVILLE, NJ / ACCESSWIRE / November 17, 2022 / The Robo Report ® Edition 25 has been released today covering the third quarter of 2022, announced Ken Schapiro, Publisher, Founder of Condor Capital Wealth Management. This edition tracks 58 accounts at 33 different providers.
"Reversing years of outperformance of growth stocks, value investing is back in style year to date," said David Goldstone, Manager of Investment Research, Condor Capital. "Portfolios like our Wealthfront 2016 vintage portfolio and the Schwab Domestic Portfolio, which has a domestic and value-oriented portfolio, have outperformed."
Thomas Leahy, Senior Financial Analyst at Condor, added, "Fixed-income portfolios that have maintained low duration and rely on municipal bonds have done well YTD and over longer periods."
"Due to the high level of inflation and corresponding rising-interest rate monetary policy, investors had little solace this quarter," he said.
Wealthfront's portfolio was the winning account for the first three quarters of 2022. The robo's allocation to energy stocks (via its allocation to VDE, the Vanguard Energy Fund) was a significant boon to portfolio performance.
For overall three-year performance, Titan Invest, one of the most active robo-advisor portfolios across the tracked accounts, was the top performer over the three-year trailing period ending September 30, 2022. "When looking at trends of what propelled performance over the last three years, diversification did not reward investors who traditionally focus on domestic stocks" said Goldstone.
Zacks Advantage emerged as a top choice for the last five years as it won best robo advisor for total portfolio returns, equity-only returns, and fixed-income-only returns according to the Report authors. "From an equity perspective, the portfolio was bolstered significantly by its U.S. equity bias on the stock side of the portfolio," said Leahy.
"When looking at the bond side of the portfolio, it has been a tale of municipals outperforming taxable bonds," he added.
"If investors are looking for a more tactical robo advisor, Zacks has proven to be a good choice," concluded Goldstone.
Performance is partly based on The Robo Report's innovative method to compare globally diversified portfolios called Normalized Benchmarking. A methodology of Normalized Benchmarking, details of how they create the scores and ranking and the Robo Report® and the Robo Ranking® are all available for free at https://www.theroboreport.com.
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SOURCE: Condor Capital Wealth Management
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