ANEW vs XNAV

ANEW is an equity ETF, while XNAV is an alternative ETF. ANEW charges 0.45% a year and XNAV 1.27%.

• ANEW is an equity fund, while XNAV is an alternative fund. They carry different risk/return profiles.
• ANEW follows a index tracking strategy; XNAV uses active selection.
• ANEW costs 0.82% less per year.
• XNAV is much larger than ANEW. Larger funds are usually more liquid and less likely to close.
• Over the last three years, XNAV has delivered higher annualized returns.
• XNAV has a longer track record, which may reduce uncertainty around long-term behavior.