In the past year, the performances of robo-advisors in the German market have shown significant differences, which is relevant for private investors as competition among digital asset managers becomes increasingly intense.
Which Robo-Advisors Deliver Reliable Returns?
Minveo has proven to be particularly successful. With a conventional, non-ESG-focused investment strategy, Minveo achieved an average annual return of 5.2 percent over three years. In 2024, the return with a balanced strategy (maximum stock share of 60%) was even 15.4 percent, outperforming benchmark indices. The fintech uses AI to manage a diversified portfolio of stocks, bonds, commodities, and money market instruments in ETFs and actively managed funds. Risk management is carried out actively with annual adjustments to the portfolio weighting.
quirion, a subsidiary of Quirin Privatbank, also performs well: Its 50/50 portfolio (stocks/bonds) achieved an average return of about 11.6% per annum over three years. Additionally, quirion has been awarded multiple times in tests and is considered a cost-effective provider with a basic package of only 0.48% annual fee, and the first €10,000 free of charge.
The robo-advisor OSKAR received the highest rating (5 stars) in the current test by CAPITAL, achieving the highest return among the top 10 tested offerings.
Other well-known providers such as Growney, which focuses on sustainability, or Scalable Capital, which offers dynamic portfolios and is a market leader with its own broker and attractive cash interest rates of up to nearly 5%, are also relevant for investors depending on individual preferences.
Important Criteria Besides Pure Return
In addition to pure performance, risk metrics such as portfolio fluctuations or maximum losses are also considered, as well as qualitative factors:
- Service quality
- Transparent ownership structure
- Low costs
These criteria are included in overall ratings and significantly influence the choice of the suitable robo-advisor.
Conclusion
For private investors, it is worth taking a close look at the competitive market:
- Minveo impresses with strong risk protection combined with good returns thanks to AI-driven strategies.
- quirion offers a very good cost-performance ratio with solid yields.
- OSKAR currently shines with test-winning returns.
The selection should consider not only performance but also individual investment goals (e.g., sustainability), cost structure, and service.
Overall, it shows: Those who rely on established providers and understand their strategies can achieve reliable returns even in a volatile environment.