After dropping 38.9% in 2008, slightly worse than the S&P 500’s 37% decline, the average stock mutual fund is up 9.9% year to date, quite a bit better than the index’s 5.3% return, The Wall Street Journal reports. Eight of the 10 largest funds are in the black, some up considerably, including the Growth Fund of America (up 15%), the Fundamental Investors Fund (up 13%) and Magellan (up 19.7%).

As a category, growth equity funds are up an average of 11%, whereas value funds are up just under 1%.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.