Many funds beat their index over such a short period. Very few beat their index every year over a 5 year period and almost zero funds beat their index every year (or even on average) over a 10 year period.That is why you re-evaluate your funds regularly. If one begins to fall behind, dump it and replace it.But there is no reason to use the S&P 500 as a benchmark anyway. Other domestic indices beat it from time to time, and recently nothing has beaten the emerging markets.Best to go where the action is, so long as you are willing to get out if the fund begins to under perform.I am trading a mechanical system which moves in and out of some ETFs, mostly foreign and domestic indices. It has trounced the S&P, even without market timing, which I also employ.
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