2 Comments

The analysis doesn't answer the original question. It only suggests that picking stocks that beat an arbitrary benchmark is difficult. If you use a different benchmark, say the best mutual fund in the Large Blend category (symbol: JLPSX), you'll see that it outperforms all ETFs and there are 160 mutual funds and ETFs in the same category that outperform SPY. Here are some examples: https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=SPY&symbols=DPLGX+JLPSX+PWB+JIBCX

Expand full comment