It's week 16 of Benzinga’s ambitious "Is ChatGPT A Better Financial Advisor?" six-month series, and the race is still going strong.
As Benzinga readers know, we challenged ChatGPT to create an investment portfolio with a hypothetical $10,000 to play against well-known titans like the SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust Series 1 QQQ.
The battle lines are clear and the results continue to surprise. Here's how the funds performed over the past week.
| Fund/ETF | 16-Week Performance |
| SPDR S&P 500 | +7.32% |
| Invesco QQQ Trust | +13.65% |
| Schwab Total Stock Market Index Fund | +6.6% |
| Vanguard Growth Index Fund | +11.14% |
| Vanguard Value Index Fund | +3.33% |
| iShares MSCI EAFE ETF | -3.74% |
| Vanguard Total International Bond Index Fund | -0.67% |
| Fidelity Contrafund | +9.88% |
| T. Rowe Price Growth Stock Fund | +9.55% |
| Fidelity Total Market Index Fund | +6.61% |
| ChatGPT | 16-Week Performance |
| Benzinga's ChatGPT Portfolio | +7.21% |
Rising in performance over the last week, ChatGPT's portfolio holds its own, now climbing closer to the SPY and showing promise.
Spotlight: Since Benzinga opened its positions, Adobe Inc ADBE remains the portfolio’s shining star, now up nearly 55%, while Nike Inc NKE is still our biggest laggard, down 15.4%.
As Benzinga has mentioned before, we’re committed to maintaining all positions throughout the six-month challenge. And remember, it's not about the daily highs and lows but the bigger picture.
We'll see where we end up at the end of the experiment, proving whether or not AI has a seat at the investment table.
For those who missed the week 15th recap, read it here.
For a look at the stocks in the portfolio, click here.
Join us next Wednesday as we march into the 17th week of the "Is ChatGPT A Better Financial Advisor?" journey.
Read Next: Nvidia Q2 Earnings Preview: 3 Ways AI-Driven Numbers Could Move The Stock
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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