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Moneyball For Millennials: ChatGPT Is In The Big Leagues But Takes A Detour

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Moneyball For Millennials: ChatGPT Is In The Big Leagues But Takes A Detour

Week 17 of Benzinga’s “Is ChatGPT A Better Financial Advisor?” series is here, and the results keep getting more intriguing.

If you’ve been following, you know that Benzinga gave ChatGPT a hypothetical $10,000 to put together an investment portfolio to face off against some of Wall Street’s most prominent funds.

So, what did the scoreboard show this week? Let’s take a look.


Fund/ETF 17-Week Performance
SPDR S&P 500 +9.16%
Invesco QQQ Trust +15.7%
Schwab Total Stock Market Index Fund +9.34%
Vanguard Growth Index Fund +13.47%
Vanguard Value Index Fund +4.79%
iShares MSCI EAFE ETF -2.12%
Vanguard Total International Bond Index Fund -0.62%
Fidelity Contrafund +12.3%
T. Rowe Price Growth Stock Fund +12.86%
Fidelity Total Market Index Fund +9.35%


ChatGPT 17-Week Performance
Benzinga’s ChatGPT Portfolio +8.77%


ChatGPT’s portfolio is losing ground, now the seventh-best performer out of the funds we stacked it against when the series began back in May.

With just nine weeks left of the six-month series, the stocks in our hypothetical portfolio have a lot of work to do to catch up to stalwarts like the tech-heavy Invesco QQQ Trust Series 1 (NASDAQ:QQQ), and the broad market SDPR S&P 500 ETF Trust (NYSE:SPY).

Spotlight: The star of the Benzinga portfolio remained Adobe Inc (NASDAQ:ADBE), with Tesla Inc (NASDAQ:TSLA) just behind it. On the flip side, Nike Inc (NYSE:NKE) managed to pare losses slightly, now down by 12.41%.

As Benzinga emphasized before, this is a marathon, not a sprint. All positions will remain untouched through the experiment to get a holistic view of the performance.

So, what’s the takeaway here? It's too early to tell — but we'd like to note that the ChatGPT portfolio has been pulling back for the last four weeks.

Missed last week’s update? Catch up here.
Have a look at the individual stocks in our portfolio here.

Join Benzinga next Wednesday for the 18th week of our edge-of-your-seat series, “Is ChatGPT A Better Financial Advisor?”

Read Next: EXCLUSIVE: Is Nvidia Overvalued? Cathie Wood Says Every Stock Could Become An AI Stock

Photo: Shutterstock

 

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