Cherry Picking The Diamonds From The Stock Market

When does a small cap or medium cap index fund equal large cap stock in terms of risk and reward?

I do understand large cap index funds on average make about 10% and large cap stocks makes about 15% on average and for the record realestate 10%.

Generally, smaller-cap funds are considered more risky. They tend to "go up" faster during bull markets and "go down" faster in bear markets.