It could be construed as such. Really it's all about execution strategy. If your concern is that it's active you can always check to see how well the fund trac

It could be construed as such. Really it's all about execution strategy. If your concern is that it's active you can always check to see how well the fund tracks the index. The reality is that they track the indexes so well that it doesn't matter. At least for total market or S&P 500 funds. There are problematic indexes that don't seem to get tracked well by funds.