Real ChatGPT answer · index seedbayMCcqVQtocompleteFinance and banking · investing and brokeragesinformational
Why is the expense ratio on actively managed mutual funds so much higher than low cost index options, and are they ever worth buying?
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
Why is the expense ratio on actively managed mutual funds so much higher than low cost index options, and are they ever worth buying?
1 real search · 1 real-search pass
SPIVA U.S. scorecard year-end 2025 active funds underperform benchmark 10 year 15 year expense ratios mutual funds SEC investor bulletinGoogle ↗
OBSERVEDReason
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
ChatGPT real searches (1)
Classes come from the query-classifier (a local Laya model). 1 of 1 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.
Searches and sources
ChatGPT1 real searches · gpt-6
SPIVA U.S. scorecard year-end 2025 active funds underperform benchmark 10 year 15 year expense ratios mutual funds SEC investor bulletin Google ↗
- SPIVA Contributors SPIVA® U.S. Score · spglobal.com
- Spiva Us Year End 2025 | PDF | Market Capitalization · scribd.com
- U.S. Persistence Scorecard Year-End 2025 - SPIVA · spglobal.com