2025年，永赢基金旗下永赢科技智选A以233.29%的总回报夺得主动权益类基金年度冠军，这一数字在 A股基金史上也属罕见。然而，即便在这样的超额收益之下，该基金在年内仍经历了-27.42%的最大回 撤。 与此同时，年度业绩居于末尾的基金，如鑫元消费甄选C、申万菱信医药先锋等，其最大回撤幅度同样 集中在-25.78%至-32.46%的区间。从回撤数值上看，顶尖与末尾基金仿佛经历了同一场"风暴"，但走出 风暴后，前者净值翻越数重山，后者却仍深陷谷底。 这种"同撤不同命"的现象并非孤例。中航机遇领航A（回报168.92%，最大回撤-21.63%）、恒越优势精 选A（回报147.85%，最大回撤-32.44%）等年度绩优产品，均在承担显著波动的同时实现了惊人修复。 而不少回撤幅度相近的基金，净值却长期徘徊在低位，未能有效收复失地。 波动来源比波动本身更重要 "相同的回撤幅度，并不意味着承担了相同的风险。"一位资深基金投顾对《华夏时报》记者指 出，"2025年的市场将回撤的'性质差异'演绎到了极致。" | Wind代码 | 证券简称 | 2025年复权单位 | 2025年最大回撤(%) | | --- | --- | ...

Group 1 - The core point of the news is that China Postal Savings Bank has applied for a patent related to a method for determining investment risk levels for assessed objects, which aims to improve the accuracy of financial assessments by considering industry differences [1][3]. Group 2 - China Postal Savings Bank was established in 2007 and is located in Beijing, primarily engaged in monetary financial services [2]. - The registered capital of China Postal Savings Bank is approximately 9.92 billion RMB [2]. - The bank has made investments in 30 enterprises and participated in 5,000 bidding projects, with a total of 1,214 trademark records and 943 patent records [2].