Bigger doesn’t always mean better.
With an average 10-year gain of roughly 12% — and more than $3 trillion in AUM — the industry’s 20 biggest mutual funds and ETFs were outpaced by the broader fund industry, Morningstar Direct data show. Index trackers such as the SPDR S&P 500 ETF Trust (SPY) and the SPDR Dow Jones Industrial Average ETF Trust (DIA), meanwhile, posted gains of 14.87% and 13.60%, respectively, according to Morningstar Direct data.
In bonds, the iShares Core US Aggregate Bond ETF (AGG) generated a gain of 3.65%.
Despite some impressive short-term returns, the year-to-date average among the