Published on 14 Apr 2022 on Simply Wall St. via Yahoo Finance

Investors in Warner Bros. Discovery (NASDAQ:WBD) have unfortunately lost 39% over the last year

Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active investors aim to buy stocks that vastly outperform the market - but in the process, they risk under-performance. For example, the Warner Bros. Discovery, Inc. (NASDAQ:WBD) share price is down 39% in the last year. That's disappointing when you consider the market declined 0.5%. However, the longer term returns haven't been so bad, with the stock down 18% in the last three years. The falls have accelerated recently, with the share price down 14% in the last three months. Of course, this share price action may well have been influenced by the 8.7% decline in the broader market, throughout the period.

So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.

View our latest analysis for Warner Bros. Discovery