Wealthsimple and Robinhood may both be online DIY (do it yourself) investment tools but they have different selling propositions. Whether one is better than the other comes down to your goals as an investor. Wealthsimple offers a more hands-off approach to investing allowing the application to come up with investing strategies and optionally executing them. Robinhood, on the other hand, offers a more hands-on approach. Investors create their strategies and execute them.