![]() (Get the metaphor? Vanguard’s logo is an old-timey ship!)īy comparison, Vanguard’s cheapest funds carry a 0.04 percent expense ratio. The company’s announcement that their index funds wouldn’t just be cheap to own, they’d instead be entirely free, was a cannonball straight into Vanguard’s main competitive advantage. That’s because in 2018, Fidelity fired a shot across the bow. (Hence, the entire reason for this article.) It’s pretty surreal to write, but Vanguard does not actually have the cheapest fees anymore. Round 1 Winner: Calling this one a draw, since both companies offer elite options for the only type of index funds we should bother with.
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