What does this ETF expense ratio comparison show?
This worksheet applies different expense ratios to one shared hypothetical investment. You enter the starting amount, gross annual return assumption, time horizon, and one to three fee percentages. The same starting value and return assumption are used for each scenario, so the displayed balance differences come from the fee inputs and the stated formula.
An expense ratio is the percentage of a fund's average net assets used each year to pay operating expenses. Investor.gov says the figure appears in a fund's prospectus fee table. Its free financial tools page lists the Fund Analyzer as a way to see how fees and expenses can affect investments in mutual funds, ETFs, ETNs, and money market funds. These sources support comparing costs; this worksheet itself uses only the numbers you enter. Sources: Investor.gov, Expense Ratio and Investor.gov, Free Financial Planning Tools, accessed 2026-11-03.
For each scenario, the worksheet grows the prior balance by the assumed gross return and then applies the expense ratio to that post-growth balance. It repeats this once per year. The sum of yearly dollar charges is also shown. The difference between ending balances is not the same as that sum, because amounts deducted in earlier years also miss later assumed growth.
Use the current prospectus fee table when entering a fund's annual expense ratio, and confirm what fees the figure includes. Do not use a stale quote or assume that two funds with different strategies have comparable risks or holdings just because their fees can be compared here. No fund names, current ratios, returns, share prices, or performance data are fetched or stored.
This is a simplified scenario, not a forecast or product ranking. Actual returns and fund expenses change; expenses may accrue differently from this annual approximation. The calculation omits taxes, account-level charges, trading commissions, bid-ask spreads, inflation, cash flows, tracking difference, and other costs. Review prospectuses and other fund disclosures for a complete comparison.
Frequently asked questions
Does the worksheet find current ETF expense ratios?
No. Enter the ratios from the current fund prospectuses or another source you have checked. The worksheet does not fetch or verify fund data.
Does the lowest ratio mean a fund is better?
No. This page compares only a simplified fee effect under shared assumptions. It does not compare investments, holdings, risks, services, or performance and makes no product recommendation.
Why can the ending-value gap differ from the fee total?
The fee total adds the modeled annual dollar deductions. The ending-value gap also reflects assumed future growth that money deducted earlier did not earn.
Are the assumed returns guaranteed?
No. The gross return is supplied by you for illustration. Actual returns, expenses, and investment outcomes can be higher or lower.