Morningstar’s 2024 year-end report
In February 2025, Morningstar released its latest scorecard report of mutual funds, measuring active funds versus index benchmarks as of 31 December 2024. Below is an excerpt of the data from this study. Here “success rate” is defined by Morningstar as the percentage of actively-managed funds that survive and beat the comparable equal-weighted average passive fund return over the given period:
Active fund success rates (%) 10-year 10-year Category 1-year 3-year 5-year 10-year 20-year (lowest fee) (highest fee) U.S. large-cap value 43.7 41.1 35.4 13.7 9.1 19.1 13.2 U.S. large-cap growth 40.3 17.7 8.2 2.5 1.1
Continue reading Active funds versus passive indexes: the latest scorecards