It’s Wednesday, for those who have been following — you know what time it is.
We’re now in the tenth week of Benzinga’s six-month series, “Is ChatGPT A Better Financial Advisor?”
Whether you’re a seasoned follower of our experiment, or a newcomer just dipping your toes, get ready for the recap of the past week’s events.
Our AI-powered journey with OpenAI’s ChatGPT, pitted against 10 of the leading U.S. equity funds, continues in its pursuit to answer: Is ChatGPT a better financial advisor?
For the uninitiated, we gave ChatGPT a hypothetical $10,000 to create an investment portfolio, with the challenge to beat several leading U.S. equity funds.
So, what’s the word for our AI-curated portfolio in the tenth week, and how did it hold up against well-known ETFs such as the SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust Series 1 QQQ?
Performance tracking began on May 10. Now, let’s dig into the details.
| Fund/ETF | 10-Week Performance |
| SPDR S&P 500 | +10.38% |
| Invesco QQQ Trust | +19.11% |
| Schwab Total Stock Market Index Fund | +11% |
| Vanguard Growth Index Fund | +15.83% |
| Vanguard Value Index Fund | +5.09% |
| iShares MSCI EAFE ETF | +0.99% |
| Vanguard Total International Bond Index Fund | -0.11% |
| Fidelity Contrafund | +12.88% |
| T. Rowe Price Growth Stock Fund | +14.85% |
| Fidelity Total Market Index Fund | +11.02% |
| ChatGPT | 10-Week Performance |
| Benzinga’s ChatGPT Portfolio | +11.35% |
Ten weeks into our experiment, Benzinga’s ChatGPT Portfolio managed to edge slightly ahead of its previous week’s performance, maintaining its competitive stance in the top five.
ChatGPT is, without a doubt, proving to be a genuine contender in the race.
Our portfolio’s crown jewel, Tesla Inc TSLA, continues its stellar run, up a whopping 76.86% since the hypothetical position was opened.
While the biggest laggard last week was Nike Inc NKE, it was overtaken by AT&T Inc T, as shares are down 12.52% since Benzinga took the position.
In line with our commitment, Benzinga is holding all positions for the full six-month duration of the series.
Interested in seeing the specific stocks inside Benzinga’s AI portfolio? Click here.
Check out last week’s results here.
It’s crucial to keep a long-term perspective as results are evaluated. Our experiment will run for six months, and as the saying goes, investing is a marathon, not a sprint. Regular fluctuations in the leaderboard are to be expected.
The aim of this series isn’t to present AI as a substitute for human financial advisors. Instead, Benzinga aims to highlight AI’s potential as a tool to aid investment decisions. While ChatGPT is an advanced AI, it lacks the ability to process real-time data or evaluate personal financial situations — but that may change soon.
And while ChatGPT isn’t a licensed financial advisor, this experiment contributes to the ongoing conversation about AI’s role in finance.
Join Benzinga next Wednesday for the next installment of the “Is ChatGPT A Better Financial Advisor?” series. Benzinga looks forward to seeing how the week unfolds for the AI-curated portfolio.
Photo: Shutterstock
Image and article originally from www.benzinga.com. Read the original article here.