It does. Thanks to SEC regulations, all the standard return and average return numbers that funds report are after expenses. The numbers that you see for "annual return," "average return," and "growth of $10,000" are what you actually get in your account....I'm not sure if Portfolio Visualizer accounts for expense ratios or not...
Ever since Fidelity began its line of index funds, originally called "Fidelity Spartan Funds," they've been very comparable to Vanguard. They're in the grey area where nobody can honestly say that they're either better or worse.
And Fidelity's four ZERO funds are brilliant marketing, no question about it. They're also good funds, but there are a number of footnotes you need to be aware of--one being that they are not portable, you can only hold them at Fidelity.
When Vanguard had the only index funds, they had expense ratios like 0.25% when the competition was offering actively managed funds with expense ratios like 1.2% and 1.4%. Vanguard's success forced its competitors to start offering index funds, and also drove down the expense ratios of all funds.
Statistics: Posted by nisiprius — Sun Feb 09, 2025 8:55 pm