SPIVA and Persistency SPIVA ScorecardStandard and Poor's does a lot more than just creating the S&P 500 index. They also provide a vast amount of research, including how active management performs vs. the S&P benchmarks. This scorecard is very interesting, and gives us an academic foundation as to why we choose not to use actively managed investments.SPIVA Year-End 2016Active management is often advertised as not only a way to beat the benchmark in a bull market, but also as a way to cushion the drop in a bear market. The 2011 SPIVA Scorecard looked at the last two bear markets, 2000-2002 & 2008, to research if that holds true. The report's conclusion is very interesting.SPIVA: Year-end 2011Persistency ScorecardAnother research report produced by Standard and Poor's is their Persistence Scorecard. This report gives an academic look behind the old saying "Past Performance Doesn't Guarantee Future Results". It is published semi-annually, and gives insight into the inability of top performers to stay in that category over the long term. While the report doesn't have a direct link, you can view the scorecard by clicking on the link below. This will pull up the full list of SPIVA reports, including the Persistence Scorecard.Persistence Scorecard Indices mentioned are unmanaged and cannot be invested into directly. Past performance is not a guarantee of future results"PLEASE NOTE: The information being provided is strictly as a courtesy. When you access this link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website. Reproduced with the prior consent of S&P Dow Jones Indices LLC. For more information on S&P Dow Jones Indices LLC, visit www.spdji.com.