Nobody has shown which kind of exercise is best
218 trials compared walking, yoga, strength training, mixed aerobic work and tai chi. All five landed in the same moderate band. Exactly one of the 218 had a low risk of bias.
Caveat on this rating: Confidence in these numbers is low by the authors' own grading: 1 of 218 studies met the Cochrane criteria for low risk of bias, and CINeMA confidence was low for walking or jogging and very low for every other modality. The credible intervals for the five modalities overlap heavily, so the order above is not an established ranking and must not be read as one. The authors name the blinding problem themselves and call for future trials to blind participants and staff. Results did appear robust to publication bias. A correction was published (BMJ 2024;385:q1024) and is logged as unverified - the BMJ site refuses automated fetch - but nothing quoted here depends on a precise ranking. Effect sizes drawn from different literatures are not directly comparable, so this row deliberately does not set these numbers against antidepressant trial results.