Actually, ETFs do have advantages. Vanguard recently lowered expense ratios on their ETFs, but not on the corresponding mutual funds. https://investornews.vang

Actually, ETFs do have advantages. Vanguard recently lowered expense ratios on their ETFs, but not on the corresponding mutual funds. https://investornews.vanguard/lower-expense-ratios-on-21-vanguard-etfs-means-more-savings-for-you/ https://investornews.vanguard/lower-expense-ratios-on-21-van... For non-Vanguard funds, ETFs are generally more tax efficient than mutual funds because they can avoid capital gains distributions in ETFs, but not in mutual funds. Vanguard has a patent on the mutual fund method.