By Paul Katzeff, Investors Business Daily,  Twitter @IBD_PKatzeff

How tough is the market so far this year?

Even with Tuesday’s rally — the S&P 500 shot up 1.4%, the Nasdaq surged 1.1%, both on higher volume, morphing the outlook for the stock market today into a confirmed uptrend — there is just a single U.S. diversified stock mutual fund with $100 million or more in assets in positive territory for 2016.

That sole winner among stock mutual funds is $9.6 billion Federated Strategic Value Dividend (SVAAX).

The fund has eked out an 0.18% gain for investors going into Wednesday, according to Morningstar Inc.

Dividends play a key role in its outperformance so far this year.

Its trailing 12-month yield is 3.15%. SPDR S&P 500 ETF’s (SPY) yield is 2.06%. The $219 billion Vanguard 500 Index Fund’s (VFINX) yield is 1.99%.

U.S. diversified stock funds as a group were down 8.27% for year. The S&P 500 was down 6.77% for the year.

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