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Strong returns at low cost, with the moderate risk you'd expect.

Strong returns at low cost, with the moderate risk you'd expect.

Strong returns and low fees, but high volatility — for investors comfortable with swings.

Average fees but weak returns even at low risk.

Average across the board, but returns disappoint.

Average fees with weak returns and high risk — an unappealing mix.

Balanced and conservative: average fees, decent returns, contained risk.

Average returns don't justify the high volatility at average fees.

Average returns don't justify the high volatility at average fees.

Average returns don't justify the high volatility at average fees.

Average returns don't justify the high volatility at average fees.

Strong returns at average fees, with the moderate risk you'd expect.

Strong returns at average fees, with the moderate risk you'd expect.

Strong returns but high risk and average fees — for active investors.

High fees and weak returns even at low risk — not worth it.

Worst combination: high fees, weak returns, high volatility.

Worst combination: high fees, weak returns, high volatility.

High fees, decent returns, low risk — is the manager earning the premium?

High fees for average returns — hard to justify.

High fees, average returns, high risk — unattractive.

High fees, average returns, high risk — unattractive.

High fees, average returns, high risk — unattractive.

Strong returns at low risk, but expensive — may be worth it if performance holds.

Strong returns at low risk, but expensive — may be worth it if performance holds.