MSCI World vs FTSE All-World
- IWDA holds developed-world stocks (MSCI World); VWCE holds all world stocks (incl. emerging) (FTSE All-World).
- IWDA is cheaper at 0.20% a year versus 0.22% for VWCE, and lower fees compound in your favour over time.
- Over the past five years IWDA returned +71% versus +67% for VWCE, in USD.
Shown in USD. Past performance is not a reliable guide to future results.
- Annual fee (TER)
- 0.20%
- 0.22%
- Tracks
- MSCI World
- FTSE All-World
- Distribution
- Accumulating
- Accumulating
- Domicile
- Ireland · UCITS
- Ireland · UCITS
- Risk
- Medium (3/5)
- Medium (3/5)
- Trades in
- LSE (USD)
- Xetra (EUR)
- Provider
- iShares
- Vanguard
One fund that owns about 1,500 large companies across 23 wealthy countries: the US, Europe, Japan, Australia and others. The US still dominates at roughly 70% of the fund because American companies are by far the most valuable. A solid 'one and done' core for a long-term portfolio.
See full IWDA details →The most diversified single equity fund you can buy on IBKR: about 3,700 companies across both wealthy AND emerging countries (China, India, Brazil and others included). One fund that genuinely covers 'the global stock market'. Trades in euros on the German exchange.
See full VWCE details →Both IWDA and VWCEare Irish-domiciled UCITS ETFs, so dividends from their US holdings are taxed at 15% under Ireland's US treaty, rather than the 30% that applies to US-domiciled funds for many non-US investors, and they sit outside US estate tax. Your own local tax still depends on where you live, so check your country's rules; for most investors the main ongoing cost to watch is each fund's annual fee.
Available on Interactive Brokers
Buy IWDA, VWCE and thousands of other UCITS ETFs on Interactive Brokers.
Frequently asked questions
Which is cheaper, IWDA.L or VWCE.DE?
IWDA.L is cheaper. IWDA.L charges 0.20% per year and VWCE.DE charges 0.22%. Both are inexpensive index funds, but a lower fee compounds in your favour over the long run.
Are IWDA.L and VWCE.DE accumulating or distributing?
IWDA.L is accumulating, so dividends are reinvested automatically inside the fund. VWCE.DE is accumulating, so dividends are reinvested automatically inside the fund. Accumulating funds suit investors who want hands-off compounding with no cash dividends to reinvest manually.
Are IWDA.L and VWCE.DE both UCITS ETFs?
Yes, both are UCITS ETFs (IWDA.L domiciled in Ireland, VWCE.DE in Ireland), so both give non-US investors the 15% US dividend withholding rate and sit outside US estate tax, unlike US-domiciled ETFs.