Mind the Gap US 2025

Investment returns are a fundamental aspect of investing, but what some investors may not know is that there’s a difference between total returns and investor returns. Total returns show the amount of an investment that’s held throughout an entire time period, whereas a potential investor’s returns account for the impact of timing of cash flows. This gap, known as the investor return gap, is important for investors to understand to make better investing decisions. How much should an investor expect in actual returns then?

Morningstar’s annual US edition of the Mind the Gap report analyzes the investor return gap, the factors that influence the gap, key findings, and how investors can get more of the actual returns.

Download the report to discover how our insights can be used to increase your returns.