See how MER fees silently drain wealth over decades. Compare low-cost ETFs vs mutual funds.
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Fee Comparison Details
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Results
Low-Cost Portfolio
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High-Cost Portfolio
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Wealth Lost to Fees
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% Wealth Destroyed
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Typical MER Ranges (Canada 2026)
Fund Type
Typical MER
Canadian bank mutual funds
1.5% – 2.5%
Actively managed ETFs
0.5% – 1.0%
Index ETFs (Vanguard, iShares)
0.06% – 0.25%
All-in-one ETFs (XBAL, VGRO)
0.20% – 0.24%
Robo-advisors
0.40% – 0.70%
Frequently Asked Questions
MER (Management Expense Ratio) is the annual fee charged by a fund, deducted daily from the fund's NAV. You never see it as a line item on your statement — it's already reflected in the daily unit price. A 2% MER means the fund manager takes 2% of your assets annually regardless of performance.