BPAY vs IWR

BPAY is an alternative ETF, while IWR is an equity ETF. BPAY charges 0.55% a year and IWR 0.18%.

• BPAY is an alternative fund, while IWR is an equity fund. They carry different risk/return profiles.
• BPAY follows a active selection strategy; IWR uses index tracking.
• BPAY covers global markets; IWR covers North America.
• IWR costs 0.37% less per year.
• IWR is much larger than BPAY. Larger funds are usually more liquid and less likely to close.
• Over the last three years, IWR has delivered higher annualized returns.
• IWR has a longer track record, which may reduce uncertainty around long-term behavior.