国内公募基金首次在季报中披露七年和十年的长期净值增长率1。这一新举措让投资者得以看清权益类基金的真实成绩单，结果却呈现出截然不同的两个世界。
2293只权益类基金在过去七年的平均净值增长达146%，远超同期业绩比较基准平均36%的涨幅，超额收益达110个百分点1。但这个行业均值掩盖了业绩分布的极度不均。其中1118只基金实现了七年收益翻倍，占比接近五成，而十年期间收益为负的基金仅41只1。然而，最优秀者与最差者之间的差距触目惊心：七年收益率从最高的1170%跌至最低的-56%，十年收益率则从1432%降至-42%1。
业绩表现的分化背后反映了基金公司和基金经理的实力差异。华商优势行业A凭借十年1432%和七年1170%的收益率在两个榜单中均排名第一1。金梓才管理的财通价值动量基金任职以来回报率超过1300%，年化收益超过25%1。值得注意的是，这些长期业绩最优的基金中，仅一只基金规模超过200亿元，即财通成长优选A约208亿元1。相比之下，表现不佳的基金中，前海开源一带一路A十年间跑输基准超过100个百分点，而长安鑫禧A七年收益率约-56%1。
China's public mutual funds disclosed their seven-year and ten-year performance metrics for the first time in quarterly reports released on July 31, 2026, revealing stark disparities in investor returns.1 Among 2,293 equity funds, the average net value growth over seven years reached 146%, significantly outpacing the benchmark's 36% gain by 110 percentage points.1 Nearly half of these funds—1,118 in total—more than doubled their value over the seven-year period, while only 41 funds posted negative returns over the full decade.1
The performance spread proved extreme: the top-performing fund posted a seven-year return of 1,170% and a ten-year return of 1,432%, while the worst performers fell 56% and 42% respectively over the same periods.1 Huashang Advantaged Industries A led both seven-year and ten-year rankings with 1,170% and 1,432% returns respectively.1 Among the highest-performing funds, only one managed assets exceeding 20 billion yuan—Caaitong Growth Preferred A with approximately 20.8 billion yuan under management.1 Jin Zicai, the fund manager of Caaitong Value Momentum, delivered cumulative returns exceeding 1,300% with annualized returns surpassing 25%.1 Conversely, Changan Xinxi A posted a seven-year loss of approximately 56%, while Taiping Flexible Allocation suffered a ten-year decline of 42%.1
Analysis of long-term performers identified consistent attributes: stable fund managers, clear investment frameworks, and platform-based research capabilities.1 Underperforming funds, by contrast, were predominantly affiliated with smaller companies, experienced frequent management changes, maintained minimal asset bases, and frequently shifted their investment strategies.1
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