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

by Aj Fabino, Benzinga Staff Writer
August 30, 2023 12:22 PM | 2 min read | Make a Comment
Zinger Key Points
  • ChatGPT's 17-week portfolio returns now at +8.77%, where does it place it among benchmark funds?
  • Adobe remains the star of the ChatGPT portfolio, while Nike pares its losses to -12.41%.

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/ETF17-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%
ChatGPT17-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 QQQ, and the broad market SDPR S&P 500 ETF Trust SPY.

Spotlight: The star of the Benzinga portfolio remained Adobe Inc ADBE, with Tesla Inc TSLA just behind it. On the flip side, Nike Inc 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?”

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