Market Beta is a Commodity. Don't Overpay.

Benchmarks vary in their methodologies and index parameters. Some aim to reflect only the higher end of the market, while others provide a more comprehensive view. Despite these and other nuances, we see that several benchmarks delivered nearly identical returns in February 2018.

Why investors should be paying as little as possible for market beta
How two case studies show that market benchmarks are essentially interchangeable
Ways Morningstar’s Open Indexes Project is making benchmarking more accessible

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