[rkalla]

When I think of what a FinTech darling Wealthfront was when it came out, all I can see this is as a colossal flop.

For what it's worth...

About a year ago I opened a robo-advisor account at SoFi and another at Wealthfront and pitted them against each other with high-risk/default settings and a weekly deposit.

The SoFi one has been outperforming the Wealthfront one all year long (by 1-2%; nothing life changing) which surprised me but it also made me feel that all the magic AI/ML under the covers that WF promoted didn't exist and no one was managing anything.

[astrange]

Stock returns over a single year are meaningless and not what they optimize for. Their "optimization" isn't perfect (MPT has some silly assumptions) but it's made for 30 years from now.

[vailripper]

Has it continued to outperform Wealthfront during the past couple of weeks, where the markets have been trending more downward? Curious if SoFi has a higher-risk 'high-risk' setting than Wealthfront, in which case you might expect them to take more of a hit when the markets go down.