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Spiva
2 guides in Finabase Learn
- Index investing: passive vs. active funds and what the data shows What index investing is, how index funds track a benchmark, what S&P’s SPIVA scorecards show about active managers, and how to read tracking error.
- Why most active funds underperform: costs, arithmetic and luck Why most actively managed stock funds trail their index over time: Sharpe’s arithmetic, costs, skewed stock returns, survivorship and luck.
Educational content, not investment advice. Finabase Learn explains how markets and tools work. It does not recommend any security or strategy, and examples are for illustration only. Investing involves risk, including the loss of principal. Rules and figures are for the United States unless stated and can change — check the cited source before you act.