%0 Journal Article %A Shervin Hanachi %T Can the Average U.S. Equity Fund Outperform the Benchmarks? %D 2000 %R 10.3905/joi.2000.319417 %J The Journal of Investing %P 45-52 %V 9 %N 2 %X This article compares the performance of mutual funds to appropriate benchmarks on a monthly basis over a five and a half year period. A number of interesting tendencies seem to hold regardless of capitalization or style. Small-, mid-, or large-cap funds have tended to outperform their relevant benchmark when their dominant capitalization sector has underperformed. Large-cap funds have had the highest returns but the worst performance relative to benchmarks. Just the opposite has been true for small-caps. Value outperformed growth funds relative to their benchmarks has been noticeably superior to that of value funds across all capitalization levels. %U https://joi.pm-research.com/content/iijinvest/9/2/45.full.pdf