Returns are likely to be overstated given that poor performers will drop out of the index (so-called survivorship bias) and that only funds that are initially successful will agree to report their numbers.
The benchmark Shanghai Composite Index has fallen nearly 17% over the past year, compared with a nearly 13% drop in the broader Dow Jones Asia-Pacific index over the same period.
Shares in Asia also closed down sharply, with Japan's main Nikkei index suffering its biggest one-day drop since the 1987 stock market crash and Hong Kong's Hang Seng slumping to a three-year low.
The Nasdaq, the US' technology index, plummeted by 39.3% last year - the biggest drop in its history - and the Dow Jones Industrial Average lost 6.2% - its first loss in 10 years.
One route is to look at market expectations: investors expect a further 20% drop, judging by the prices of futures contracts linked to the Case-Shiller 10 city index.
The National Federation of Independent Business's small-business optimism index dropped 0.2 point to 91.2 last month following a steep 3-point drop in June.