Welcome back to week three of Benzinga's experiment — OpenAI's ChatGPT vs top U.S. equity funds.
If you’re new to the series, here’s the gist: 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.
We’re now wrapping up the third week of the challenge and ready to show and tell.
The competition remains fierce with powerhouse indices like SPDR S&P 500 ETF Trust SPY, Invesco QQQ Trust QQQ, and more striving to outrun the 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.
Check out some high yield investment ideas here.
| Fund/ETF | 3-Week Performance |
| SPDR S&P 500 ETF | +1.0% |
| Invesco QQQ Trust | +6.74% |
| Schwab Total Stock Market Index Fund | +1.7% |
| Vanguard Growth Index Fund | +4% |
| Vanguard Value Index Fund | -2.6% |
| iShares MSCI EAFE ETF | -4.41% |
| Vanguard Total International Bond Index Fund | +0.01% |
| Fidelity Contrafund | +3.59% |
| T. Rowe Price Growth Stock Fund | +4.77% |
| Fidelity Total Market Index Fund | +1.7% |
| ChatGPT | 3-Week Performance |
| Benzinga’s ChatGPT Portfolio | +0.95% |
The third week stirred the pot. Despite an initially promising performance, the ChatGPT portfolio hit a bit of a speed bump, posting a modest gain of 0.95%.
It fell behind seven of the 10 leading funds, with the QQQ extending its gains on the AI stock fervor, registering the week's highest gain at 6.74%.
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 fourth week pans out for the AI-crafted portfolio.
Read next: EXCLUSIVE: ‘We’re The Original AI Company,’ Wix Chair Tells Benzinga After Earnings Beat
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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