<prompt> Human: I wanted your opinion on whether actively an actively managed funds expenses are ever worth a higher return with lower risk. Im looking at: Janus Henderson Small Cap Value JSCVX, ER: 1.13 Vanguard Small Cap Value Index VISVX, ER: 0.19Doing a back test JSCVX has higher returns with lower volatility, and a 11,000 difference ending balance. However, the SEC mutual fund cost calculator shows an expected big difference in costs, and an almost equal ending balance, so Im not sure about that discrepency Portfolio Visualizer FAQ says they account for ER.Thanks for any input.  <response>: Past performance is not a predictor of future results. But the expense ratios are not likely to change much. So I would still lean toward the lower expense ratio. 