SPIVA (S&P Indices Versus Active) Scorecard

The SPIVA (S&P Indices Versus Active) Scorecard is a tool that compares the performance of actively managed investment funds to market indices. It assesses how often fund managers outperform or underperform these benchmarks over different timeframes. Generally, the scorecard shows that many active funds fail to consistently beat their respective indices, especially over longer periods. This information helps investors understand the effectiveness of active management versus passive investing, guiding their investment decisions based on historical performance data.