"Comparing super funds, while easy on the surface, is far more complicated than people realise. Numbers are important, but what lies beneath is even more critical, because every investment carries a degree of risk," Jamieson said. Not all super funds invest the same way"Many people believe that looking at one fund's performance against another tells the full story. "Super funds don't all invest in the same assets. These may include balanced funds, high growth funds, socially aware or ethical funds, indexed diversified portfolios, conservative balanced funds or more stable options.