Hybrid funds are not necessarily more profitable than equity funds. Investors buy more partial stock hybrid funds. Both partial stock hybrid funds and equity funds invest in a basket of stocks, and the income is determined by this basket of stocks. Invested stocks gain when they go up, and lose money when they go down.

Generally speaking, the expected return of hybrid funds is lower than that of equity funds, because the proportion of equity funds investing in stocks is not less than 80% of the total assets of funds, while the proportion of partial-share hybrid funds allocating stocks is generally 50%-70%, and the proportion of allocating bonds is 20%-40%.