What's Driving U.S. Stock Fund Returns?
Style, size, and momentum were the primary factors behind these funds' returns for the past three calendar years.
For U.S. stock fund investors, the market of the past few years has been a "rising tide lifting all boats," with positive returns across most strategies. But some boats have risen much higher than others.
Investors can pull back the lens and see the characteristics that top- and bottom-performing funds have in common using the Morningstar Factor Profile, which measures a portfolio using seven metrics: size, style, yield, momentum, quality, volatility, and liquidity.
Gabrielle Dibenedetto does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.