AndrewXnn reported earlier"Ahh, but there's much more to ETFs than expense ratio, such as the cost of trading. Because SCHB is less liquid than VTI, the trading costs will be higher.SCHB Bid/Ask 33.39/33.51 => 3.4%VTI Bid/Ask 69.92/70.82 => 1.71%...."In my first reply to this I reported that this was anafterhours quote and that these etfs trade with muchsmaller spreads while the major US exchanges are open. I also noted that etfs trade in a special "regular" session from 4 to 4:30, with wider spreads. After 4:30is the regular afterhours session.Sample quotes from today's trading12:50 pm All Exchanges openSCHB bid/ask 32.84 32.87 spread 0.0913 %VTI bid/ask 69.98 69.99 spread 0.0143 %Much less costly than the spreads reported by Andrew4:08 pm NYSE closedSCHB bid/ask 32.76 33.93 spread 3.57%VTI bid/ask 70.21 70.23 spread 0.0285%Not a liquid market for SCHBThe next time I trade after 4PM VTI a candidate5:03 pm AfterhoursSCHB bid/ask 32.76 33.94 spread 3.60%VTI bid/ask 70.13 70.94 spread 1.16%These Afterhours spreads are similar to Andrew's results.My apoligies for misspelling AndrewXnn's moniker inthe previous post.
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