It’s Wednesday, that means it’s time for the fifth week of Benzinga’s ongoing series, “Is ChatGPT a Better Financial Advisor?” A real-time, head-to-head comparison between OpenAI’s ChatGPT and 10 of the top U.S. equity funds.
Just to remind those who are new, we assigned ChatGPT a hypothetical $10,000 and gave it the challenge of crafting a portfolio with the potential to outperform the leading U.S. equity funds.
So, we’re now at the end of week five of our experiment. Let’s check out how our AI-fueled portfolio is faring against heavy-hitters like the SPDR S&P 500 ETF SPY and Invesco QQQ Trust QQQ.
With no further ado, let’s get straight into how the funds and Benzinga’s ChatGPT portfolio have performed over the week. Remember, our tracking kicked off on May 10.
| Fund/ETF | 5-Week Performance |
| SPDR S&P 500 | +6.11% |
| Invesco QQQ Trust | +12.3% |
| Schwab Total Stock Market Index Fund | +6.13% |
| Vanguard Growth Index Fund | +9.36% |
| Vanguard Value Index Fund | +2.75% |
| iShares MSCI EAFE ETF | -0.47% |
| Vanguard Total International Bond Index Fund | -0.61% |
| Fidelity Contrafund | +7.10% |
| T. Rowe Price Growth Stock Fund | +7.79% |
| Fidelity Total Market Index Fund | +6.13% |
| ChatGPT | 5-Week Performance |
| Benzinga's ChatGPT Portfolio | +7.21 |
At the end of week five, our ChatGPT portfolio continues its impressive climb, outperforming seven of the top 10 funds. Even more encouraging, the AI-built portfolio has moved up another notch, now sitting comfortably in fourth place.
With a substantial gain of 7.21%, the ChatGPT portfolio is showing that it’s a force to be reckoned with in the investment landscape.
Our best performing stock is Tesla Inc TSLA — we are up 53% since we picked up the artificial shares, and our worst performer is Merck & Co Inc MRK, down 6.64%.
We are not selling, adding, or hedging any positions for the entire six-month experiment.
Curious about the specific stocks in Benzinga's AI portfolio? Click here.
And, here’s a link to last week's results.
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 sixth week pans out for the AI-crafted portfolio.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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