1. Different management parties. Stock funds are managed by fund companies. Stocks are managed by individual investors themselves. Different managers have different management levels and determine the final investment results. Generally speaking, fund companies are more professional than individual investors.

2. The rates of return are different. usually. The expected return on stocks is higher than that on stock funds. However, it also faces greater risks than stock funds. Stock funds, in the long run, have less price volatility and will be more stable, so relatively speaking, the risk expectations are smaller, and the expected returns are also lower.

3. The elasticity of price fluctuations is different. Stocks rise and fall by 10% in one day. However, for stock funds, under normal circumstances, the net value of the fund will not fluctuate by more than 3% in one day. The reason is that stock funds are diversified investments. A fund will usually buy dozens of stocks to reduce the impact of a single stock on the net price of the entire fund.

4. The factors that determine the rise and fall of prices are also different. The factors that determine stock price fluctuations, in the long run, are mainly the fundamentals and performance of the company represented by the stock. However, the factors that determine the price fluctuations of a stock fund are the price trends of the dozens of stocks in which the fund invests, as well as the trends of the fund's top ten holdings. Relatively speaking, the factors that determine the price trend of a stock fund are larger than those that determine The factors that influence stock price trends are more complex and comprehensive.

5. Differences in investment entities. Investors who invest in stock funds are generally called fundamental investors. The investment entities are more extensive. The number and scope of investment entities are greater than those of investors in stocks, because many people who buy funds may not be investors in stocks. Of course, some stock investors may not necessarily buy funds.