%% With an S&P 500/SPY average of about 12%, gross yes; but depending on which 10 year time frame measured. Some said GS does not average that[12%]; well ,with all dues respect to GS, doesnt change my point.If one has plenty of commissions/slippage, that has to be subtracted from the 12%, average gross. A whale, 008,while it has to be respected; elephants + cheetahs .... hawks can out maneuver a whale -that just common sense. Besides, an elephant/herd is more wise, than to get in a fight with a whale. LOL NOT sure ''most of them averaged 11-14%'' but i'll take your word for that. Sounds a bit hi for 10 years, most ETFs??