Morningstar

Morningstar finds that active managers have left a lot to be desired.

Five of the top seven performers this year carry AA ratings.

Funds with higher risk profiles — high-yield and emerging markets — are now paying the price.

With more than $80 billion in combined assets under management, the winners have started out the year with a loss.

Fund managers may be better equipped to weather the market storm than their passive peers because of their ability to quickly cut risk.

While the sustainable industry accounts for less than 1% of the $20.7 trillion held in U.S. mutual funds and ETFs, the space is growing fast.

The percentage of women managers fell even among passive funds, a booming area of the industry that was a hot-spot for female talent.

Broad-basket commodity sector funds, as well as those long on oil, natural gas and precious metals, accounted for more than half of the laggards.

The 20 top-performers are largely comprised of low-cost tech offerings.

Although roughly 40% of the actively managed industry beat their indexes, the worst-performers eked out an average gain of just 1.07%.