From the perspective of product attributes, stocks make more money than index funds, and the risk of index funds is lower than stocks. But index funds and stocks are floating products, which means that the ups and downs are uncertain. Although the expected return of stocks is higher than that of index funds, the risk of stocks is also higher than that of index funds, which means that stocks may lose more.

Under normal circumstances, investors who pursue high returns can choose stocks to invest, while investors who pursue stable returns can choose index funds to invest.