The three-fund portfolio is predicted to never underperform the broader market and will virtually outperform most active fund managers over a long period of time.
"The fifth and the most important benefit of the three form portfolio is that it never underperforms the market since it's tracking the broader Market you are putting your money into most of the stocks and bonds that exist in the world and according to many studies buying the market virtually means that you will outperform most active fund managers over a long period of time"