Stats Active, passive and flows Fund survivorship

1,553 of 2,447 US equity funds vanished in 20 years

1 yr: 95.52%95.52%1 yr3 yr: 88.98%88.98%3 yr5 yr: 84.07%84.07%5 yr10 yr: 64.58%64.58%10 yr15 yr: 50.92%50.92%15 yr20 yr: 36.53%36.53%20 yr

Each horizon is a separate cohort measured from a different start date, not a subset of one population. Source: S&P Dow Jones Indices SPIVA US scorecard.

Funds that do badly are closed or merged away, so a list of today's funds is a list of what survived. Of 2,447 US domestic equity funds alive twenty years ago, 894 remain. Any long record built from survivors flatters the category.

2,447Funds alive 20 years ago
894Still here at end 2025
36.53%20 year survival rate
0.00%Top quartile 5 years on

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