Analysis

Benchmark: Definition

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Simple Definition

A standard to compare your investments against, like the S&P 500.

Why It Matters

A benchmark answers 'compared to what?' If your portfolio returned 8%, is that good or bad? If the S&P 500 returned 15%, you underperformed. If it returned 5%, you outperformed. Choosing the right benchmark matters - comparing a bond fund to the S&P 500 isn't fair. Every fund has a benchmark; know what yours is.

Key Points

  • Common benchmarks: S&P 500 (US large cap), Russell 2000 (small cap), MSCI EAFE (international)
  • Your benchmark should match your investment style - compare apples to apples
  • Beating your benchmark after fees is how you measure if active management is worth it

Related Terms

Common Questions

A standard to compare your investments against, like the S&P 500. A benchmark answers 'compared to what?' If your portfolio returned 8%, is that good or bad? If the S&P 500 returned 15%, you underperformed. If it returned 5%, you outperformed.

A benchmark answers 'compared to what?' If your portfolio returned 8%, is that good or bad? If the S&P 500 returned 15%, you underperformed. If it returned 5%, you outperformed. Choosing the right benchmark matters - comparing a bond fund to the S&P 500 isn't fair. Every fund has a benchmark; know what yours is.

Common benchmarks: S&P 500 (US large cap), Russell 2000 (small cap), MSCI EAFE (international)

Your benchmark should match your investment style - compare apples to apples

Beating your benchmark after fees is how you measure if active management is worth it