I nicked this chart from Ben’s recent post. I knew it was bad, but not this bad. Maybe 15 years is too short a period of time. Perhaps it’s only fair to judge these funds over 25 full cycles.
In the case of Small Cap Growth Funds, it’s particularly egregious. Maybe all these managers are really benchmarking to the Russell 2000 growth index and not the S&P Small Cap 600 and so their relative performance isn’t quite so bad?
I don’t know. Look

The evidence based investor’s answer to this? Why bother even playing.
Source:
10 Questions I’m Pondering At the Moment (A Wealth Of Common Sense)
[…] Joshua Brown: 99% of Small Cap Growth Funds Underperformed Benchmark Over 15 Years […]
[…] Joshua Brown: 99% of Small Cap Growth Funds Underperformed Benchmark Over 15 Years […]
[…] 99% of Small Cap Growth Funds Underperformed Benchmark Over 15 Years Source: ReformedBroker […]
… [Trackback]
[…] Read More to that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]
… [Trackback]
[…] Find More Information here to that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]
… [Trackback]
[…] Here you will find 80196 additional Info to that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]
… [Trackback]
[…] Here you will find 10501 additional Information to that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]
… [Trackback]
[…] Read More on to that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]
… [Trackback]
[…] Information on that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]
… [Trackback]
[…] Read More to that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]
… [Trackback]
[…] Find More Information here on that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]
… [Trackback]
[…] Find More on to that Topic: thereformedbroker.com/2017/11/01/99-of-small-cap-growth-funds-underperformed-benchmark-over-15-years/ […]