Portfolio Performance

For the 14 years ending 2021, only once did a majority of large-cap stock-picking (LCSP) mutual funds outperform the S&P 500, and that was in 2009, and only 53% outperformed the S&P 500. Last year was a particularly bad year, just 15% of LCSP mutual funds outperformed. Last year the average return of all the LCSPs was 23.3%, not even close to the 28.7% posted by the S&P 500.