Where Data Tells the Story
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This graphic shows the percentage of actively-managed U.S. equity funds that outperformed or underperformed the S&P 500 index. Data comes from S&P Dow Jones Indices, as of Dec. 31, 2023.
The majority of actively-managed U.S. equity funds have failed to beat the S&P 500 each year since 2001, with a few exceptions (2005, 2007, 2009).
An actively-managed equity fund is a mutual fund where portfolio managers select and trade stocks in an attempt to outperform the index.
Actively-managed funds charge higher fees relative to passively-managed products. Paying these fees over the long-term can significantly reduce your returns.