Inside Robo Advisor Asset Allocation

August 22, 2014

 

APPENDIX

Data sources: Wealthfront, Betterment, FutureAdvisor, Covestor, WiseBanyan, Invessence (various dates) and ETF.com, July 1, 2014

Robo Advisor Equity Portfolios
Ticker Equity Fund Name Wealthfront Betterment Future Advisor Covestor WiseBanyan Invessence
    60% 90% 60% 90% 60% 90% 60% 90% 60% 90% 60% 90%
VTI Vanguard Total Stock Market 30.0% 35.0% 11.6% 16.2% 9.6% 14.1% 33.2% 34.9% 36.0% 54.0%    
VEA Vanguard FTSE Developed Markets 13.0% 22.0% 24.7% 37.5% 5.6% 8.3% 12.7% 19.5% 19.5% 29.3%    
VWO Vanguard FTSE Emerging Markets 9.0% 28.0% 5.2% 10.5% 11.6% 17.0% 14.9% 21.0% 4.5% 6.8% 8.7% 15.7%
VEU Vanguard FTSE All-World ex-US                     2.9% 4.6%
SPY SPDR S&P 500                     37.2% 54.4%
VB Vanguard Small-Cap         4.8% 7.0%            
IWM iShares Russell 2000                     10.1% 17.5%
VTV Vanguard Value     11.6% 16.2% 9.6% 14.1%            
VOE Vanguard Mid-Cap Value     3.7% 5.2%                
VBR Vanguard Small-Cap Value     3.2% 4.5%                
EFV iShares MSCI EAFE Value         6.0% 8.8%            
VSS Vanguard FTSE All-World ex-US Small Cap         3.8% 5.5%            
VNQ Vanguard REIT         4.5% 6.6% 5.1% 5.0% 8.0% 2.0%    
VNQI Vanguard Global ex-U.S. Real Estate         4.5% 6.6%            
VIG Vanguard Dividend Appreciation 7.0% 5.0%                    
                           
Total Equity weight 59.0% 90.0% 60.0% 90.1% 60.0% 88.0% 65.8% 80.5% 68.0% 92.1% 58.9% 92.2%

 

Not all the equity weights add up to exactly 60 percent or 90 percent—intentionally. FutureAdvisor’s 88 percent portfolio is the riskiest it offers. Covestor offers only three portfolios; we’re looking at its “balanced” and “growth” portfolios. WiseBanyan’s weights do indeed sum to 60 and 90 without the REITs, which they consider a nonequity asset class.

 

 

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