@article {Hanachi45, author = {Shervin Hanachi}, title = {Can the Average U.S. Equity Fund Outperform the Benchmarks?}, volume = {9}, number = {2}, pages = {45--52}, year = {2000}, doi = {10.3905/joi.2000.319417}, publisher = {Institutional Investor Journals Umbrella}, abstract = {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.}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/9/2/45}, eprint = {https://joi.pm-research.com/content/9/2/45.full.pdf}, journal = {The Journal of Investing} }