
John Bogle, the founder of Vanguard, famously said that a 2% expense ratio (high in today’s world) can cost investors as much as two-thirds of their returns, assuming market returns of 7% over the course of 50 years.
Conscious of the pernicious effects of fees, we researched the funds that offered solid performance at a low price. We screened based on these three requirements: 1) three-year returns of 10% or more, 2) expense ratios of 10 basis points or less, and 3) assets of $500 million or more.
The funds are ranked based on three-year returns. All data from Morningstar.

23. Schwab US Broad Market ETF (SCHB)
Expense Ratio: 0.03%
Fund Size (millions): $8,816

22. Vanguard Utilities ETF (VPU)
Expense Ratio: 0.10%
Fund Size (millions): $3,185

21. Schwab US Large-Cap ETF (SCHX)
Expense Ratio: 0.03%
Fund Size (millions): $8,621

20. Vanguard Large-Cap ETF (VV)
Expense Ratio: 0.06%
Fund Size (millions): $15,222

19. iShares Core S&P Total US Stock Mkt (ITOT)
Expense Ratio: 0.05%
Fund Size (millions): $8,476

18. SPDR S&P 500 ETF (SPY)
Expense Ratio: 0.09%
Fund Size (millions): $238,588

17. Northern Stock Index (NOSIX)
Expense Ratio: 0.10%
Fund Size (millions): $7,458

16. Schwab S&P 500 Index (SWPPX)
Expense Ratio: 0.09%
Fund Size (millions): $25,979

15. Fidelity 500 Index Investor (FUSEX)
Expense Ratio: 0.09%
Fund Size (millions): $118,541

14. DFA US Large Company (DFUSX)
Expense Ratio: 0.08%
Fund Size (millions): $7,450

13. iShares Core S&P 500 (IVV)
Expense Ratio: 0.07%
Fund Size (millions): $108,898

12. Vanguard Mega Cap ETF (MGC)
Expense Ratio: 0.07%
Fund Size (millions): $1,296

11. BlackRock S&P 500 Index (WFSPX)
Expense Ratio: 0.04%
Fund Size (millions): $10,903

10. Vanguard Consumer Staples ETF (VDC)
Expense Ratio: 0.10%
Fund Size (millions): $4,385

9. Fidelity Series 100 Index (FOHIX)
Expense Ratio: 0.10%
Fund Size (millions): $3,386

8. Vanguard Tax-Managed Small Cap Adm (VTMSX)
Expense Ratio: 0.09%
Fund Size (millions): $5,292

7. Vanguard Health Care ETF (VHT)
Expense Ratio: 0.10%
Fund Size (millions): $7,007

6. Schwab US Large-Cap Growth ETF (SCHG)
Expense Ratio: 0.07%
Fund Size (millions): $4,039

5. iShares Core S&P US Growth (IUSG)
Expense Ratio: 0.08%
Fund Size (millions): $2,153

4. Vanguard Mega Cap Growth ETF (MGK)
Expense Ratio: 0.07%
Fund Size (millions): $2,854

3. Vanguard Financials ETF (VFH)
Expense Ratio: 0.10%
Fund Size (millions): $6,193

2. Vanguard Consumer Discretionary ETF (VCR)
Expense Ratio: 0.10%
Fund Size (millions): $2,425

1. Vanguard Information Technology ETF (VGT)
Expense Ratio: 0.10%
Fund Size (millions): $13,321