Kate Campbell

There's a huge array of different times.

And when the ETF launched matters when you're looking at that since inception number.

So, I really should have looked at five or 10 years, but they didn't all have the same track record.

Yeah, so they've all performed somewhere between 8% to 9.5% since inception for them.

Because they compound over time like returns do.

Yeah, there's actually a good money smart calculator that shows you it's all about fees and it shows you had exactly the same thousand dollars in very similar ETFs that pretty much do the same thing except have different fees.

And if one has this fee and one has a much higher fee,

It's not noticeable maybe in year one as much, but as you go on to 20 years, 30 years, the gap between the performance, the end result that you have in your portfolio between the two funds widens exponentially.

Yeah.

Yeah, because it tries to manage funds, which we don't talk about as often on the podcast.

They're a little bit different, but they often have higher fees.

We're talking above 1% per year.

And so if 1% versus 2% has a much bigger difference over a long period of time.

So ASIC's Money Smart website tries to show you that difference.

I own STW.

I think it goes to show this.

Now, MVW is a bit different, but between the other four, they all do very similar things.

They fill a very similar role in your portfolio.

Yeah, so you have to look in the fine print and when it says this performance is as of 30th of November or 30th of December or whenever it is.

No, I think this was just sort of to summarize what we did in our five or six part ETF mini series last year, which if you're new to the podcast, that is a fantastic place to start if you want to learn about ETFs, because we really break down all the terminology.