Pup, that is a great idea but of course like any risk / return...

Pup, that is a great idea but of course like any risk / return analysis it's about apples with apples. If you have only ASX shares then comparison with QSuper Balanced fund is fairly meaningless if all you say is "I did better (or worse)" without adding "by taking more (or less) risk".

It may be more appropriate to compare to a Smaller Companies fund for example, if that is a more appropriate comparison.

But I repeat, making some comparison (including a cost %) is better than none at all. A lot of people blame generic fund managers for poor performance during downturns saying "they shouldn't get paid because they lost money, they should have known better". Reality is they are paid to invest within specific, risk-based, published benchmarks and will stay true-to-label nomatter what happens unless it is an 'Absolute-Return' fund. It is YOUR (the investor / super member)responsibility to either stay in that fund or move out of it as appropriate. Sometimes those decisions are made correctly, sometimes not. If you use hindsight then a 100% strike rate of correct decisions is usually possible..lol.