ETFs Shed Light on Retreat From Hedge Funds

The video discusses the shift in investment trends from high-cost to low-cost products, highlighting the significant inflows into ETFs, particularly those offered by Vanguard and Schwab. Hedge funds face challenges due to their high fees and underperformance. Vanguard's S&P 500 ETF is noted for its consistent inflows and low fees, outperforming competitors. The video also covers the popularity of other Vanguard ETFs and Schwab's growing presence in the market.

What does the text suggest about the performance of Vanguard's S&P 500 ETF?

What is the expense ratio's impact on ETF returns as discussed in the text?