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Stock Funds Are Up 11.5% as Tech Rally Drives Market Turnaround

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Earlier in the year, many fund investors thought double-digit gains for 2026 were a pipe dream. Suddenly, it’s reality.

A two-month stock rally powered by chip companies has helped the average U.S.-stock mutual fund or exchange-traded fund to a total return of 11.5% so far in 2026. The funds posted a total return of 4.4% in May, adding to the previous month’s 10.3% gain and pushing them into the double-digit status, according to statistics from

LSEG. (See Mutual-Fund Yardsticks table.)

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