Welcome back to week four of a Benzinga experiment — OpenAI’s ChatGPT versus top U.S. equity funds.
If you’re new to the series, here’s a quick recap: Benzinga gave ChatGPT a hypothetical $10,000 and tasked it with building a portfolio capable of outperforming 10 of the leading U.S. equity funds.
As we wrap the fourth week of the challenge, it’s time to show the latest performance results.
The competition remains intense, with heavyweights like the SPDR S&P 500 ETF SPY and Invesco QQQ Trust QQQ vying to outpace Benzinga's AI-curated portfolio.
Without further ado, let’s dive into the performance of the funds and Benzinga’s ChatGPT portfolio this week. Performance tracking began on May 10.
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| Fund/ETF | 4-Week Performance |
| SPDR S&P 500 | +3.98% |
| Invesco QQQ Trust | +9.74% |
| Schwab Total Stock Market Index Fund | +4.01% |
| Vanguard Growth Index Fund | +7.22% |
| Vanguard Value Index Fund | +0.73% |
| iShares MSCI EAFE ETF | -2.78% |
| Vanguard Total International Bond Index Fund | -0.36% |
| Fidelity Contrafund | +5.64% |
| T. Rowe Price Growth Stock Fund | +6.59% |
| Fidelity Total Market Index Fund | +4.01% |
| ChatGPT | 4-Week Performance |
| Benzinga’s ChatGPT Portfolio | +4.51% |
In the fourth week, our ChatGPT portfolio made significant strides, outperforming six of the top ten funds and climbing from seventh to fourth place.
With a solid gain of 4.51%, ChatGPT is showing its potential and proving to be a formidable contender in the investment experiment.
For a peek at the stocks in Benzinga’s AI portfolio, click here.
Last week’s results, here.
As we assess the results, it's critical to maintain a long-term perspective. Remember, this is a six-month-long experiment. Investing is a marathon, not a sprint, and fluctuating leaderboards are par for the course.
The goal of this series isn't to pitch AI as a replacement for human financial advisors, but to explore AI's potential as a tool to assist in investment decisions. ChatGPT, despite its sophistication, lacks the ability to process real-time data or assess individual financial circumstances.
While it's certainly not a licensed financial advisor, our experiment enriches the conversation about AI's place in finance.
Join Benzinga next Wednesday for another installment in the series, "Is ChatGPT A Better Financial Advisor?" We’re excited to see how the fifth week pans out for the AI-crafted portfolio.
Next: If You Invested $1,000 In Google When ‘Google Glass’ Was Announced, Here’s What You’d Have Now
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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