All funds, on average, get the market return. The certain difference with actively managed ones is that they charge a fee, and may pay more in liquidity costs.

All funds, on average, get the market return. The certain difference with actively managed ones is that they charge a fee, and may pay more in liquidity costs. It's not surprising therefore most underperform. In investing, the first thing you have an influence on is avoiding fees (go passive). The second thing you have an influence on is time (remain invested).