Truer words were never spoken. If you have any doubts check out this article.SPIVA: 2020 Active vs. Passive Scorecard (Q1)
If you donít want to read the whole article, do yourself a favor and just check out the pie charts that show the percentage of actively managed funds that underperformed their respective benchmark (Index) for the 15 year period ended 3/31/2020. No John, the data is not wrong in this case. The actively managed funds took a butt kicking across all market segments... U.S Equity, International and Fixed Income.