"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%"If you would take the simple action of trading during theNYSE's trading hours, 9:30-4:00 EST, you will find thatthe bid/ask spread for both of these highly liquid etfsare much lower, typically a penny. Slightly wider spreads may be obtained from 4 to 4:30, etf's have "extendedregular hours" after the main markets close. The worst spreads such as the two you quote are in the "after-hoursmarket". QQQ, SPY, and IVV trade heavily enough after-hours to maintain tight spreads.Still I recommend against off-hourstrades.
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