On June 30, in conversation 51574, I made a "bet" with wagnerjb in which he took an index fund -- ishares Russell 100 (IWD), and I took an actively managed fund -- Windsor II (VWNFX).

Since then, Windsor II has returned 20.58%, and the index ETF has returned 17.31% Thus, the actively managed fund returned 3.27% more. Note that if you included brokerage fees, Windsor II's lead would increase.

I will update  you all on the status of the bet periodically.