Stock Pickers Watched the S&P 500 Pass Them By Again in 2021 - WSJ

the benchmark S&P 500 notched a total return, including price gains and dividends, of 28.7% last year. That was a stronger showing than that of 85% of U.S. large-cap stock-picking mutual funds

Annual reminder of the perils of active management.

2021 was the 12th consecutive year in which the majority of actively managed funds of large-cap stocks watched the S&P 500 pass them by.