BPAY vs IWM

BPAY is an alternative ETF, while IWM is an equity ETF. BPAY charges 0.55% a year and IWM 0.19%.

• BPAY is an alternative fund, while IWM is an equity fund. They carry different risk/return profiles.
• BPAY follows a active selection strategy; IWM uses index tracking.
• BPAY covers global markets; IWM covers North America.
• IWM costs 0.36% less per year.
• IWM is much larger than BPAY. Larger funds are usually more liquid and less likely to close.
• Over the last three years, IWM has delivered higher annualized returns.
• IWM has a longer track record, which may reduce uncertainty around long-term behavior.