Performance and Risk: ETFs and Mutual Funds Which of the following is FALSE? Please ote that I want you to select the FALSE, not TRUE, choice. Since most ETFs are index funds, people pay lower fees to own ETFs, on average, than mutual funds that attempt to outperform the market o As noted in class. The ETF with ticker symbol SPY tracks the S&P 500 and has many billions of dollars in assets O ETFs trade throughout the day, but mutual lunds do not An ETF always trades at ils net asset value