量化基金业绩跟踪周报（2025.11.17-2025.11.21）：市场波动加大，指增策略稳健特质凸显-20251122

Core Insights - The report highlights that during the week of November 17-21, 2025, public quantitative funds showed resilience with positive excess returns across various indices, particularly the CSI 500 index which had an average excess return of 0.35% and a 80.82% positive return rate among funds [1][2][3] - For the month of November 2025, the average excess return for the CSI 500 index was 0.77%, with 81.69% of funds achieving positive returns, indicating a strong performance in the quantitative fund sector [2][3] - Year-to-date performance as of November 21, 2025, shows that the CSI 1000 index had the highest average excess return of 6.69%, with 89.13% of funds generating positive returns, suggesting a favorable environment for this index [3] Group 1: Weekly Performance Statistics - The average excess return for the public quantitative funds tracking the CSI 300 index was 0.22% for the week, with 72.00% of funds achieving positive returns [1] - The average excess return for the public quantitative funds tracking the CSI A500 index was 0.20%, with 70.31% of funds achieving positive returns [1] - The average return for public actively managed quantitative funds was -4.65%, with only 0.49% of funds generating positive returns, indicating challenges in this segment [1] Group 2: Monthly Performance Statistics - For November 2025, the average excess return for the public quantitative funds tracking the CSI 300 index was 0.15%, with 66.22% of funds achieving positive returns [2] - The average excess return for the public quantitative funds tracking the CSI A500 index was 0.19%, with 64.91% of funds achieving positive returns [2] - The average return for public actively managed quantitative funds was -4.49%, with only 4.96% of funds generating positive returns, reflecting ongoing difficulties in this area [2] Group 3: Year-to-Date Performance Statistics - Year-to-date as of November 21, 2025, the average excess return for the public quantitative funds tracking the CSI 300 index was -0.75%, with only 34.43% of funds achieving positive returns [3] - The public quantitative funds tracking the CSI A500 index had an average excess return of 1.18%, with 75.00% of funds achieving positive returns, indicating a strong performance relative to other indices [3] - The public actively managed quantitative funds had an impressive average return of 22.14%, with 97.80% of funds generating positive returns, showcasing the effectiveness of active management strategies in the current market [3]