- October: all five reference portfolios fell, by −2.8% to −5.1%. Growth fell the most (−5.1%) and Conservative the least (−2.8%).
- Year to date: all five are still ahead in 2026, between +0.7% and +6.2%.
- Three years: +33.4% to +53.0% in total, or +10.1% to +15.2% a year.
- In context: October 2026 ranks between the 7th and 9th weakest of the 90 months since launch for each reference portfolio.
Performance at a glance
| October | Year to date | 1 year | 3 years | Since launch | |
|---|---|---|---|---|---|
| Conservative 30/70 equity/bonds | −2.8% | +1.8% | +1.4% | +33.4% +10.1% a year | +54.9% +6.0% a year |
| Balanced 40/60 equity/bonds | −3.7% | +6.2% | +4.6% | +47.3% +13.8% a year | +76.0% +7.8% a year |
| Growth 60/40 equity/bonds | −5.1% | +0.7% | +0.2% | +39.2% +11.6% a year | +40.6% +4.7% a year |
| Aggressive 80/20 equity/bonds | −4.2% | +5.9% | +5.1% | +50.2% +14.5% a year | +58.8% +6.4% a year |
| Very Aggressive 90/10 equity/bonds | −4.2% | +5.6% | +3.1% | +53.0% +15.2% a year | +56.7% +6.2% a year |
| Total returns in SGD, net of fees, to 31 October 2026. 3-year and since-launch figures also show the average per year returns. SqSave reference portfolios, not any client’s actual result. | |||||
How October unfolded
The month started well: by 7 October all five portfolios were ahead, by +0.8% to +1.6%. They then slipped through the middle of the month, and all five were below their 30 September level by 21 October. The largest one-day fall came on 31 October (−1.5% to −2.5%), and it accounts for roughly half or more of the month’s decline.
| Cumulative from 30 Sep 2026 | 7 Oct 2026 | 14 Oct 2026 | 21 Oct 2026 | 28 Oct 2026 | 31 Oct 2026 |
|---|---|---|---|---|---|
| Conservative | +0.8% | +0.3% | −1.3% | −1.1% | −2.8% |
| Balanced | +1.1% | +0.1% | −2.0% | −1.7% | −3.7% |
| Growth | +1.4% | +0.2% | −1.9% | −2.0% | −5.1% |
| Aggressive | +1.6% | +0.7% | −1.6% | −1.3% | −4.2% |
| Very Aggressive | +1.5% | +0.4% | −1.9% | −1.5% | −4.2% |
| Cumulative SGD returns net of fees, for SqSave reference portfolios from 30 September 2026 close, at selected dates. | |||||
2026 so far
The year has had two sharp dips and a rebound. March was the weakest month (all five portfolios fell between −5.4% and −8.5%), April recovered strongly (+5.1% to +9.4%), and the months since June have been mixed, with October the weakest of them for every portfolio.
| 2026 by Month & YTD | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Conservative | +2.4 | +2.2 | −5.4 | +5.1 | +3.6 | −2.6 | −1.6 | +2.5 | −1.0 | −2.8 | +1.8% |
| Balanced | +1.3 | +2.3 | −5.7 | +6.7 | +5.3 | +0.3 | −2.3 | +3.0 | −0.5 | −3.7 | +6.2% |
| Growth | +2.1 | +3.7 | −8.5 | +7.0 | +5.3 | −3.5 | −1.9 | +4.2 | −1.3 | −5.1 | +0.7% |
| Aggressive | +1.9 | +1.7 | −7.4 | +9.4 | +6.9 | −2.6 | −2.3 | +3.9 | −0.3 | −4.2 | +5.9% |
| Very Aggressive | +1.0 | +1.6 | −7.3 | +9.4 | +7.0 | −2.0 | −2.2 | +3.9 | −0.5 | −4.2 | +5.6% |
| Monthly and YTD (year to date) 2026 SqSave reference portfolio returns in SGD, net of fees. October 2026 is highlighted. | |||||||||||
Risk check
| Fall during October | Largest one-day fall | Now below all-time high | 3-year Sharpe | 3-year worst fall | |
|---|---|---|---|---|---|
| Conservative | −3.6% | −1.5% 31 Oct | −6.2% peak 03 Jun 2026 | 1.15 | −7.0% |
| Balanced | −4.8% | −1.8% 31 Oct | −5.2% peak 23 Sep 2026 | 1.50 | −8.8% |
| Growth | −6.4% | −2.5% 31 Oct | −8.4% peak 03 Jun 2026 | 1.01 | −11.2% |
| Aggressive | −5.8% | −2.5% 31 Oct | −6.7% peak 03 Jun 2026 | 1.24 | −12.2% |
| Very Aggressive | −5.7% | −2.5% 31 Oct | −6.4% peak 03 Jun 2026 | 1.23 | −13.7% |
| Fall during October 2026 is the largest fall from a high within the month. 3-year measures run from 31 October 2023; Sharpe Ratio assumes a 0% risk-free rate. | |||||
October left the portfolios 5.2% to 8.4% below their all-time highs, which were set in June for four of the five and in September for Balanced. Falls of this size are within the range of the 3-year record (worst falls of −7.0% to −13.7%), and the worst fall in that period went on to a new high.
What this means
- Look through the month. One month rarely tells you much. SqSave is built for medium to long-term asset allocation, not short-term trading.
- Risk is the reason for the ride. The portfolios with more equities moved more, as expected. Choose the level you can stay invested through.
- We keep watching. Our team actively monitors the AI that manages every SqSave portfolio.
Find the portfolio that fits how much of a ride you can stomach
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Create AccountDisclaimer. This report is provided by Pivot Fintech Pte. Ltd. for informational purposes only and does not constitute financial advice, an offer, or a solicitation to buy or sell any investment product. Past performance is not indicative of future results. All investments carry risk, including the possible loss of principal. SqSave reference portfolios are managed according to each investor’s stated risk profile and investment objectives. Investors should consider their own financial circumstances before making any investment decision.
Footnote. Portfolio returns are inclusive of ETF expense ratios and net of SqSave management fees. SqSave uses AI to design and manage diversified investment portfolios for each investor. Because SqSave is not an investment fund, there is no single return measure. Instead, every SqSave investor has his/her own investment performance as each investor is managed separately by our SqSave AI. As investors can withdraw and top-up any time, investment returns will be affected by individual investor decisions. Hence, SqSave uses reference portfolios which are actual portfolios managed on an ongoing basis, without any interference with withdrawals or top-ups, to measure investment performance.
Notes. Returns are all in SGD, calculated from Pivot Fintech reference-portfolio daily NAVs, with the USD NAVs converted to SGD at daily USD/SGD closing rates. October 2026 runs from the 30 September 2026 to the 31 October 2026 NAVs. Max Drawdown is the largest percentage fall from a previous high in the daily NAVs. Sharpe Ratio is the annualised return divided by the annualised volatility of weekly returns, assuming a 0% risk-free rate. Pivot Fintech Pte. Ltd. (SqSave.com) holds a Capital Markets Services licence (CMS100806) regulated by the Monetary Authority of Singapore.
