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Market Update

Lagging Funds Get a Bounce

Some funds’ fortunes shift as value revives and momentum fades.


It’s only been a span of six weeks, but trends in the stock market since the start of the fourth quarter are leading to a change in fortunes for some underperforming groups of funds.

During October, the small-value Morningstar Category led among U.S. diversified stock funds with a 3.3% gain, the first month the category was the strongest performer since the end of 2019. Meanwhile, in October, the large-growth category lost 2.6%, trailing all other eight Morningstar Style Box categories, the first month since March 2018.

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Gabrielle Dibenedetto does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.