What percentage of women invest in stocks?

As of late 2025, roughly 71% of women surveyed by the Motley Fool possessed some type of stock or other financial security.

Why don't women invest in stocks?

While it was historically true that fewer women invested in the stock market, this is rapidly changing, and more women have invested in the market. However, for the women who don't invest, their answers vary from not having enough income to set money aside, to feeling unknowledgeable in investing, or feeling unwelcome in the financial space.

Women and Investing Statistics for 2026

When it comes to investing, women and men differ. Here's what the research says.

By Lyle Daly – Updated Mar 13, 2025 at 2:02 PM EST | Fact-checked by Parker Hicks

Key Points

71% of women now invest in stocks, with younger generations showing higher participation rates.
Studies reveal women achieve higher investment returns than men by up to 1.8%.
Females generally invest more conservatively and are more interested in ESG-focused companies.

Women have traditionally been less likely to invest than men, and over time, this has serious financial repercussions. The median retirement savings is $50,000 for women compared to $157,000 for men, according to a 2024 report by Prudential.

An important note about this article is that not all reports have been published as of December 2025, and more information will likely be released in the coming months of 2026.

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Person holding a banking card and smartphone in their hands while standing at an ATM. — Image source: Getty Images.

On a positive note, the number of women who are investing their money is growing rapidly. Fidelity reports that 71% of women invest in the stock market, more than ever before, and the younger generations are leading the way. What else is changing with women investors? And how do their portfolios perform? Read on for the most recent data on women and investing.

(And if you're interested in seeing some of the most impressive female investors across a variety of areas, be sure to check out The Motley Fool's Women in Investing awards.)

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Demographics

Demographics are statistical characteristics of a population. They can include almost any descriptive trait, but the usual data points include gender, age, race, ethnicity, income and more.

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Data source: author's calculations.
Investor	Total Contributed	Ending Balance
Investor A	$48,000	$335,737
Investor B	$72,000	$293,630

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Women outperform men in investment returns

Multiple studies have found that women outperform men when investing. The only question is by how much.

Women outperformed men by 0.4% in a 2021 analysis of 5 million Fidelity customers over a 10-year period. A University of California, Berkeley study conducted in the 1990s reported a performance difference of nearly 1%. A Warwick Business School analysis of 2,800 investors in the U.K. found that women outperformed men by an impressive 1.8%.

A Wells Fargo study covering December 2012 to 2022 provides more evidence that women do better than men at investing. It reported that women achieved higher returns while taking on less risk than men.

The chart below provides the risk-adjusted returns for single men, single women, joint accounts led by men, and joint accounts led by women. Higher numbers indicate greater returns.

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Data source: Wells Fargo (2023).
ACCOUNT TYPE	RISK-ADJUSTED RETURN
Female-led joint account	1.01
Male-led joint account	0.96
Single female	0.95
Single male	0.83

Women are more conservative investors

Why have studies consistently found that women get greater returns on their investment portfolios than men? Although there's no single explanation, there are a few notable behaviors that could give female investors an edge. It starts with not taking on too much risk.

Women tend to be more conservative than men when they invest. The table below has data from Fidelity on the differences in how women and men describe their investing style. The percentage of men who consider themselves aggressive investors is twice that of women.

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Data source: Fidelity (2024).
Investing Approach	Women	Men
Conservative	51%	47%
Moderate	46%	48%
Aggressive	3%	6%

There's also some evidence that women are less likely to hop on investing trends. Meghan Railey, co-founder and CEO of Optas Capital, has written that "While we have found that male clients tend to eagerly invest in the latest asset class everyone is talking about, like cryptocurrency, female clients do not generally jump on the shiny bandwagon."

That is supported by data on the levels of interest male and female investors have shown in cryptocurrency. In June 2021, Gallup found that 11% of male investors owned Bitcoin (BTC -3.30%) compared to just 3% of female investors. Crypto has grown more popular since then, but it's still less popular with women. In 2024, Fidelity found that 43% of women who invest outside of retirement buy cryptocurrency compared to 55% of men. Motley Fool Money's 2025 Cryptocurrency Investor Trends Survey found that 52% of male respondents are likely to buy cryptocurrency this year compared to 32% of female respondents.

It's not just cryptocurrency, either. Warwick Business School found in 2018 that female investors were less likely to indulge in "lottery-style" investing, referring to investing in speculative stocks.

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Women are less impulsive investors

The most effective investing strategy (and our Foolish investing philosophy) is buying and holding quality stocks for the long haul. Women generally do a better job of that and of avoiding impulsive decisions. Studies have found a few clear examples of this in action.

Women are less likely to change their investing approach during market volatility. Both women and men are most likely to stay the course during volatility (33% of women and 32% of men, according to Fidelity). But men are more likely than women to increase or sell their investments and pull out of the market. However, women are more likely than men to decrease their investments.

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Data source: Fidelity (2024).
Action During Market Volatility	Women	Men
Wait it out	33%	32%
Increase investments	14%	29%
Sell investments and pull out of the market	5%	8%
Decrease investments	8%	5%

CBOE Volatility Index (VIX)

The Chicago Board Options Exchange Volatility Index, or VIX, is an index that gauges the volatility investors expect in the stock market.

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Data source: FINRA (2020).
Gender	Assess Themselves as Having a High Level of Investing Knowledge	Feel Comfortable Making Investment Decisions
Men	71%	49%
Women	54%	34%

Women score lower than men in investing knowledge

There's a knowledge gap between male and female investors, which could explain why women aren't as confident about investing. It also supports the idea that you don't necessarily need to be the most knowledgeable investor to be a successful investor.

In a 2021 study, FINRA gave men and women a 10-item investor knowledge quiz. Participants who answered five or more questions correctly were considered to have high investing knowledge. Participants who answered fewer than five questions correctly were considered to have low investing knowledge. Here's how the results varied by gender:

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Data source: FINRA (2021).
Gender	High Investing Knowledge	Low Investing Knowledge
Men	57%	43%
Women	36%	64%

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Data source: Vanguard (2024).
Generation	Women's Median IRA Balance as a Percentage of Men's
Generation Z	98%
Millennials	88%
Generation X	81%
Baby boomers	63%

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FAQs

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About the Author

Lyle Daly is a contributing Motley Fool stock market analyst covering information technology and cryptocurrency. Lyle has been a contributor at the financial services company since 2018. His work has been featured on USA Today, Yahoo Finance, MSN, Fox Business, and Nasdaq. Before joining The Motley Fool, he wrote for financial brands including Intuit.

TMFLyleDaly

@LyleDaly

Lyle Daly has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

Women aren't as confident in their investing abilities

Even though women do better than men at investing, they're less confident about it. Here's what recent studies have found:

Only 28% of women are mostly or very comfortable making investment decisions compared to 39% of men, according to Bank of America.

72% of women rate their investing knowledge as beginner or nonexistent compared to 53% of men, according to Fidelity.

58% of women say that investing intimidates them, according to Fidelity.

Data from FINRA drives home this point. It found that a much larger percentage of men are confident in their investing abilities compared to women.

Perhaps due in part to their lower level of confidence, women are more willing to seek out help with investing. In a 2021 study by Wells Fargo, half of the women surveyed reported working with a financial advisor compared with just under 37% of the men.

Women and Investing Statistics: What You Should Know

When it comes to investing, women and men differ. Here's what the research says.

Key Points

Demographics

Women outperform men in investment returns

Women are more conservative investors

Women are less impulsive investors

CBOE Volatility Index (VIX)

Women score lower than men in investing knowledge

Related investing topics

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FAQs

About the Author

Stocks Mentioned

Premium Investing Services

FAQs

What percentage of women invest in stocks?

Why don't women invest in stocks?

Key findings

What percentage of women own stocks?

How women invest compared to men

Women outperform men in investment returns

Women are more conservative investors

Women are less impulsive investors

Women are more likely to prioritize ESG investing

Women aren't as confident in their investing abilities

Women score lower than men in investing knowledge

Women have less invested than men, but younger women are closing the gap

The challenges facing female investors

The gender pay gap limits how much women can invest

Women cite inequalities in how they're treated by financial advisors

Related investing topics

Women are closing the gender investing gap

Sources