this post was submitted on 05 Sep 2024
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Decimal fractions of a percent are low fee. Vanguard is mostly, if not completely, low fee.
To quantify it, anything under 0.20% is "low" to me, and many funds are <0.05%.
That said, once you get below a certain amount, comparing between "low" fees isn't very interesting. For example, my 401k is switching their S&P 500 fund from a 0.04% fund to a 0.015% fund, which is >2.5x lower fees, but in terms of actual dollar amounts is pretty inconsequential (e.g. for $100k invested, it's $25/year savings. At that point, I'm much more interested in the quality of the fund (i.e. how well it tracks its index) than the actual fees, since even a small amount of inefficiency (more cash, late rebalances, etc) can be much more impactful than that fee difference.
So anything under 0.50% is fine, and anything under 0.20% is "good," and comparing expense ratios breaks down when the difference is <0.05%. At least that's my take.