Best performing low risk robo advisers of Q1 2023
Which low risk robos performed the best?
By Boring Money
21 April, 2023
Every quarter, Boring Money collects performance data from the UK's ready-made portfolio market - in some cases through its own test accounts - to bring you the latest insights into how robo adviser investment portfolios across different risk categories* have performed.
Annual returns to March 2023
Graph illustrating net returns for one year covering April 2022 - March 2023. Data correct as at 31st March, 2023. Returns calculated net of charges.
Our full analysis
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How did low risk robo adviser investment portfolios perform in Q1 2023?
Following a less-than-stellar 2022, robo adviser results from Q1 2023 have been decidedly more positive. Out of all of the low risk robo adviser investment portfolios we track, only one booked negative growth between 1 January and 31 March - AJ Bell's 'Cautious' with a -0.06% fall. All the others recorded growth, spanning from a slight 0.17% (Moneybox's 'Cautious') to a more substantial 3.13% (Vanguard's 'LifeStrategy 20% Equity Fund').
If you fancy diving into the details, we've rounded up the best performing low risk robo adviser investment portfolios in Q1 2023 and beyond in the table below. They're ranked by their net growth (after charges). Click on each provider in the left-hand column to read more about what we think of them, which of our awards they may have won, and what their customers have to say.
Best performing robo advisers for low risk portfolios
Provider | Fund / Portfolio | Risk Level | Q1 2023 Net Growth | 1 Year net Growth | 2 Year Net Growth |
Vanguard | LifeStrategy 20% Equity Fund | Low | 3.13% | -8.62% | -9.69% |
Santander | Multi-index Fund 1 | Low | 2.24% | -10.16% | -12.14% |
HSBC | Cautious - Fund 1 | Low | 2.12% | -6.58% | -7.39% |
Nutmeg | 2/10 | Low | 1.94% | -4.30% | -4.67% |
Wealthify | Cautious | Low | 1.57% | -6.32% | -8.42% |
True Potential | Defensive | Low | 0.88% | -4.63% | -4.35% |
Moneybox | Cautious | Low | 0.17% | -2.95% | -1.63% |
AJ Bell | Cautious | Low | -0.06% | -3.47% | -1.45% |
Key terms:
Provider
The investment provider that manages your robo adviser investment portfolio.
Fund/Portfolio
The name of the robo adviser investment portfolio that is allocated to you by your investment provider. This will typically include a mixture of cash, bonds and shares at different proportions depending on your chosen risk level.
*Risk Level
The perceived level of risk associated with your robo adviser investment portfolio. There are three main risk categories - low, medium and high - which we assign to each. For the purposes of this exercise, robos with an equity exposure of under 30% are considered low risk, funds with 70+% equity are high risk, and the rest are categorised as medium risk.
Q1 2023
'1st quarter'. The period between 1 January 2023 and 31 March 2023.
Net Growth
The total growth of a portfolio minus charges.
