BPAY vs IWB

BPAY is an alternative ETF, while IWB is an equity ETF. BPAY charges 0.55% a year and IWB 0.15%.

• BPAY is an alternative fund, while IWB is an equity fund. They carry different risk/return profiles.
• BPAY follows a active selection strategy; IWB uses index tracking.
• BPAY covers global markets; IWB covers North America.
• IWB costs 0.40% less per year.
• IWB is much larger than BPAY. Larger funds are usually more liquid and less likely to close.
• Over the last three years, IWB has delivered higher annualized returns.
• IWB has a longer track record, which may reduce uncertainty around long-term behavior.