Index Funds, ETFs or Active Funds: Where Should Investors Allocate Today?

The Bigger Question – Active Vs Passive

The debate has moved from theory to arithmetic, and the numbers, tracked over decades by S&P’s SPIVA Scorecard, are stark. Over a 20-year period, 92 per cent of U.S. large-cap active funds underperformed the S&P 500 after fees, with underperformance climbing steadily the longer you hold, 94 per cent for mid-cap, 93 per cent for small-cap, 91 per cent for international equity.