A Butt Kicking
“If the data do not prove that indexing wins, well, the data are wrong.” –John Bogle
Truer words were never spoken. If you have any doubts check out this article. SPIVA: 2020 Active vs. Passive Scorecard (Q1)
If you don’t 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.