SPIVA Scorecard

The SPIVA Scorecard, created by S&P Dow Jones Indices, evaluates the performance of actively managed investment funds compared to their benchmarks, like stock market indices. It shows how many funds outperform or underperform these benchmarks over various time periods. By publishing these results regularly, SPIVA helps investors understand the effectiveness of active management versus passive investment strategies. Essentially, it provides insight into whether fund managers are successfully delivering better returns than simply investing in the market index over time.