The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: knownastron on November 03, 2013, 03:46:59 PM
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Hi there,
I'm a new member to MMM and have enjoyed my time here so far!
I'm looking at purchasing Vanguard ETFs and I've noticed there is a fee difference between the US and Canadian ETFs that track the same thing.
For example:
VOO (US, S&P) = 0.05% "Expense Ratio"
VFV (CAD, tracks S&P) = 0.18% "MER"
Am I reading something wrong here? The American site lists it as an "Expense Ratio" while the Canadian site lists it as an "MER". I'm assuming these are the same.
At a savings of 0.13% per year, would it make sense to convert my CAD cash to USD and buy VOO? Assuming my time horizon is long enough.
Here are the two pages I'm looking at:
https://personal.vanguard.com/us/funds/snapshot?FundId=0968&FundIntExt=INT
https://www.vanguardcanada.ca/individual/etfs/etfs-detail-overview.htm?portId=9563
Can anyone help make this clear? Thanks a lot!