US Active/Passive Barometer Report: Year-End 2025
Opportunities for active managers to succeed have been slim in the past year.
Should investors consider active or passive management? While both strategies have benefits and drawbacks, the right choice should align with an individual’s goals. With recent market conditions proving volatile, active funds and exchange-traded funds have struggled to outperform their average passive peer in 2025. Just 38% of active strategies survived and beat their asset-weighted average passive counterparts, a drop of 4 percentage points from a year earlier. Our latest edition of the US Active/Passive Barometer report analyzes nearly 9,248 unique funds across categories and asset allocation, including success rates, annualized excess returns, and more.
Download the report to understand the investing risks and potential returns of active and passive funds in your investment portfolio.
