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That gain followed a 12.1% decline for the large-cap U.S. benchmark stock index through Tuesday from when Trump made his initial \"liberation day\" tariff announcement after the close on April 2. Then, on Thursday, investors were back in the red with a 3.5% decline for the day. The index ended Thursday with a 10.1% decline for 2025.This year's decline for the S&P 500 SPX has followed gains of 23.3% in 2024 and 24.2% in 2023, which followed a decline of 19.4% in 2022. All of the preceding figures exclude dividends.During the worst of this year's market tumult, have you been tempted to sell into the sliding market?Or have you tried to time the market?Timely advice: Stock-market extremes are the norm now. 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But if you look beneath the surface, things aren't quite as they appear.According to a recent Morningstar report, of the 1,619 actively managed ETFs available, 82% were listed since 2020. By comparison, 29% of index-tracking ETFs were listed during that period. Yet many of these ETFs aren't what traditional mutual fund investors would consider active. About a fourth of the $773 billion assets in active ETFs are managed by Dimensional Fund Advisors and Avantis Investments, which run so-called \"systematic strategies\" that employ small but important active tweaks to what are basically indexed strategies.The popular $34 billion Dimensional U.S. Core Equity 2 ETF  is active, but it holds 2,664 stocks in its portfolio, according to Morningstar. While it makes some modest value and other factor tilts, its returns will be significantly correlated to total-market index funds like Vanguard Total Stoc","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4588","PVAL","BK4550","VTI","FDN","BK4585","TCAF"],"gpt_icon":0},{"id":"2488155359","title":"Many Active ETFs Are Dressed-Up Index Funds. 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