Hybrid funds adopt both aggressive and conservative investment strategies, and their returns and risks are lower than those of stock funds and higher than those of bonds and money market funds. It is a wealth management product with moderate risk. Some well-run hybrid funds will even exceed the level of equity funds. The position limit is different, the stock fund is the stock position can not be less than 80%; Hybrid funds are generally 25%-95%. Depending on the market situation and the ability of the fund manager, the income may not be high. So it is very important to choose a fund manager.