Year-End 2012 SPIVA Scorecard in

Posted by Myles B. Brandt, CFP® on 26 March 2013 | 1 Comments


Passive investors have some new ammo with the YEAR-END 2012 SPIVA Scorecard. This keeps track of the percentage of U.S. Mutual Funds that are outperformed by their respective benchmarks. Out of all the U.S. Equity funds, 66.08% were beaten by the index.

In fact, only two categories outperformed their benchmarks in 2012: Large Cap Growth and Real Estate. However, if you extend the time horizon to three or five years, the numbers are dramatically in favor of passive investing. For the five year period 89.67% of all Large-Cap Growth funds and 77.88% of all Real Estate funds were beaten by their benchmarks.

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  • Thanks for the numbers, which seem to favor the passive investment approach more each year. In my mind, these numbers call into question the thinking of persons who use active investing for long term investments. I can imagine an arguement for short term active investing.

    Posted by Ed Weiss, 14/04/2013 12:13pm (6 years ago)

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