The difference between partial stock funds and hybrid funds is that the former has a higher stock position than the latter. Their differences in risk and return are: partial stock funds have high risk and high return, while hybrid funds have lower risk and return than partial stock funds. This is the common sense of all citizens. I want to express my personal opinion that investing in partial stock funds is better than investing in hybrid funds. The reason is:

First, in the bull market, it goes without saying that partial stock funds are very strong.

Second, in the bear market, needless to say, partial stock funds are very poor; But hybrid funds are not much better, and they are doomed to lose money. So in a bear market, hybrid funds are not worth holding. And investing in bond funds has good returns.

Third, in a volatile market, looking at fund managers is not much different from stock positions.