The most recent updates to the long-running S&P Indices Vs Active (SPIVA) scorecard continue to paint a sobering picture for active fund managers. In the past decade, 84.3% of large-cap mutual funds underperformed the S&P 500.
But the active exchange-traded funds (ETFs) category continues to grow rapidly in both product count and inflows. As of May 29, the ETF Central screening tool showed that out of roughly 5,265 U.S.-listed ETFs, about half (2,650) now classified as active.
