A report by the European Fund and Asset Management Association (Efama) reveals significant variations in the performance of active and passive equity Ucits funds across different industry sectors from 2014 to 2023. While passive funds generally outperformed active funds overall, this trend is inconsistent, with certain sectors favoring active funds. The analysis, which considers return volatility, indicates that neither fund type consistently outperforms the other. Efama emphasizes the need for tailored investment strategies, advising retail investors to seek professional guidance to align their fund choices with individual investment goals.