Find Equivalent ETFs with Interactive Brokers' Mutual Fund Replicator

Here's a tool that let's you pick ETFs that track your favourite mutual funds!  Use this to get the same, or similar, stock performance but at much lower ETF management fees.

From Interactive Brokers: "The Mutual Fund Replicator finds an ETF(s) whose performance parallels that of a user-specified mutual fund. Once you enter the mutual fund name or ticker symbol, the replicator scans the market and returns the top single and compound ETFs (in the recommended quantity) whose performance most closely follows that of your submitted mutual fund. The Performance Analysis and Return Comparison panels display performance correlation characteristics including the correlation, tracking error and a comparison of management fees."

Below is a screen capture of the application.

Now can you tell me when we can expect to get a real replicator, yes like on Star Trek? Apparently food replicators are in the works already: Business Week 3D Printer Food.  So if you are considering Fidelity Investments' Select Leisure Portfolio (Symbol: FDLSX) which holds stock in McDonalds, Yum Brands, and Starbucks you could maybe replicate the returns and nibble on these fast food related ETFs instead:
  • PowerShares Dynamic Food & Beverage (NYSEArca: PBJ): McDonald’s is 5.3%; Yum Brands (NYSE: YUM) is 5.5%; Papa John’s  (NYSE: PZZA) is 2.9%, Chipotle (NYSE: CMG) is 3%
  • PowerShares Dynamic Leisure & Entertainment (NYSEArca: PEJ): McDonald’s is 5.4%; Yum is 5.1%; Ruby Tuesday (NYSE: RT) is 3.1%; Cheesecake Factory is 2.9%
  • SPDR Consumer Discretionary (NYSEArca: XLY): McDonald’s is 7.6%, Yum is 2%