The typical global active equity fund beat the S&P 500. More than half the money did not.
Four funds held $14.2 billion of the $26.1 billion in etf.net's Global Active Equity category, and the median fund beat the S&P 500 fund, 14.3% to 13.4%, over the year through Nov. 9, 2026.
Key takeaways
The median fund in etf.net's Global Active Equity category returned 14.3% over the year through Nov. 9, 2026. State Street SPDR S&P 500 ETF, SPY, returned 13.4%, dividends included.
More than half the money was in four funds that each trailed SPY.
The category held $26.1 billion across 44 funds. The four largest with a one-year record held $14.2 billion of that.
The table includes SPY for comparison. Returns include dividends for the year through Nov. 9, 2026.
The four largest funds sat below the S&P 500
SPY is the U.S. stock fund a holder could have owned instead. JGLO, the largest fund, aims to beat the MSCI World Index, which on Sept. 30, 2026, was 72.9% United States and 3.3% Canada, MSCI reported. That benchmark was already mostly U.S. stocks.
JPMorgan Global Select Equity ETF and the MSCI World
The fund seeks long-term gains from large companies in developed markets that are attractively valued, have strong free cash flow and can keep earnings growing. That is the approach in J.P. Morgan's fact sheet for Sept. 30, 2026.
The fact sheet put the fund's gain at 7.91% at net asset value, the per-share value of what it owns, over the year through Sept. 30. The MSCI World Index returned 15.24% over that year, MSCI reported, on a net basis that counts dividends after withholding tax. The fund trailed by 7.3 percentage points.
The 7.2% in the table is a later window, the year through Nov. 9, 2026.
Over the three years through Sept. 30, 2026, the fund had returned 17.41% a year on that sheet, against 21.40% a year for the index, the annualized net return MSCI reported.
North America was 71.8% of the fund on Sept. 30, the fact sheet said. The United States was 72.9% of the index that day, and Canada was 3.3%, MSCI reported, so the fund was a little lighter on North America than the benchmark.
Two funds that beat the S&P 500
Avantis All Equity Markets ETF, AVGE, returned 20.1%. Dimensional World Equity ETF, DFAW, returned 17.0%. Both include dividends.
Avantis charges 0.23%, and Dimensional charges 0.24%, about half of the 0.47% on JGLO's fact sheet.
Of the category's $26.1 billion, AVGE and DFAW held $1.3 billion and $1.7 billion. Together that was $3.0 billion, against $14.2 billion in the four funds that trailed SPY.
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