They may scalp profits from hedge funds that trade actively, but guess what, they're playing the same game: trying to trade at attractive prices. With two pros

They may scalp profits from hedge funds that trade actively, but guess what, they're playing the same game: trying to trade at attractive prices. With two pros competing with one another, why does one side deserve sympathy? I don't see Burger King whining to the press when McDonalds outearns them. For the average passive indexer who buys some ETFs or mutual funds every quarter it's meaningless at worst, and probably a net benefit since these products have tighter prices now.