Invesco FTSE All-World vs SWRD
IE000716YHJ7InvescoIE00BFY0GT14State StreetThe comparison in short
Invesco FTSE All-World (Invesco FTSE All-World UCITS ETF Acc, IE000716YHJ7) tracks the FTSE All-World index and SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) the MSCI World index. SWRD has the lower total expense ratio (TER): 0.12% a year against 0.15% for Invesco FTSE All-World, 0.03 percentage points less, or about 3 a year on 10,000 invested. SWRD is the larger fund, with USD 22.5bn in assets against USD 5.27bn for Invesco FTSE All-World, about 4.3 times the size. 1 of the largest holdings of Invesco FTSE All-World (top 10) and SWRD (top 10) appears in both lists; measured on those positions only, the overlap is at least 1.6%. Shared holdings include BROADCOM INC NPV. In 2025, Invesco FTSE All-World returned +22.5% and SWRD +21.2%, a gap of 1.3 percentage points. Over 3 years, Invesco FTSE All-World returned +22.1% a year and SWRD +22.0% a year. Invesco FTSE All-World and SWRD both reinvest their income (accumulating share classes). Invesco FTSE All-World and SWRD both hold the index securities directly (physical replication). Both are domiciled in Ireland. Invesco FTSE All-World carries a risk indicator (SRRI) of 5 and SWRD of 4, on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.
Side by side
| Figure | Invesco FTSE All-World | SWRD |
|---|---|---|
| ISIN | IE000716YHJ7 | IE00BFY0GT14 |
| Exchange tickers | — | SWRD, SWLD, SPPW |
| Fund house | Invesco | State Street |
| Total expense ratio (TER) | 0.15% | 0.12% |
| Ongoing charges (KID) | 0.15% | 0.12% |
| Fund size | USD 5.27bn | USD 22.5bn |
| Launch date | June 26, 2023 | February 28, 2019 |
| Replication | Physical | Physical |
| Domicile | Ireland | Ireland |
| Distribution policy | Accumulating | Accumulating |
| Share class currency | USD | USD |
| Number of holdings | — | 1,241 |
| Risk indicator (SRRI) | 5 / 7 | 4 / 7 |
| SFDR classification | Article 6 | — |
| Benchmark | FTSE All-World Index (USD) | MSCI World Index |
Performance
Calendar-year returns
| Year | Invesco FTSE All-World | SWRD | Difference |
|---|---|---|---|
| 2025 | +22.5% | +21.2% | +1.3 |
| 2024 | +17.6% | +18.9% | −1.3 |
Annualised returns
| Period | Invesco FTSE All-World | SWRD | Difference |
|---|---|---|---|
| 1 year | +16.5% | +15.4% | +1.1 |
| 3 years | +22.1% | +22.0% | +0.1 |
Holdings
1 of the largest holdings of Invesco FTSE All-World (top 10) and SWRD (top 10) appears in both lists; measured on those positions only, the overlap is at least 1.6%. Shared holdings include BROADCOM INC NPV.
Top 10 holdings of Invesco FTSE All-World
| # | Holding | Weight |
|---|---|---|
| 1 | NVIDIA CORP USD0.001 | 5.19% |
| 2 | APPLE INC USD0.00001 | 4.46% |
| 3 | MICROSOFT CORP USD0.00000625 | 3.62% |
| 4 | AMAZON.COM INC USD0.01 | 2.26% |
| 5 | ALPHABET INC-CL A USD0.001 | 1.86% |
| 6 | TAIWAN SEMICONDUCTOR MANUFAC TWD10 | 1.85% |
| 7 | BROADCOM INC NPVIn both | 1.57% |
| 8 | ALPHABET INC-CL C USD0.001 | 1.52% |
| 9 | Meta Platforms INC USD0.000006 | 1.52% |
| 10 | MICRON TECHNOLOGY INC USD0.1 | 1.12% |
Top 10 holdings of SWRD
| # | Holding | Weight |
|---|---|---|
| 1 | NVIDIA Corporation | 5.88% |
| 2 | Apple Inc. | 5.38% |
| 3 | Microsoft Corporation | 4.01% |
| 4 | Amazon.com Inc. | 2.66% |
| 5 | Alphabet Inc. Class A | 2.20% |
| 6 | Meta Platforms Inc Class A | 1.76% |
| 7 | Alphabet Inc. Class C | 1.73% |
| 8 | Broadcom Inc.In both | 1.72% |
| 9 | Micron Technology Inc. | 1.37% |
| 10 | Tesla Inc. | 1.12% |
Sectors and countries
Largest sectors of Invesco FTSE All-World
- 33.3%
- 16.4%
- 10.1%
- 8.4%
- 8.0%
- 7.8%
Largest sectors of SWRD
- 32.1%
- 15.6%
- 10.8%
- 9.1%
- 8.4%
- 8.2%
Largest countries of Invesco FTSE All-World
- 64.0%
- 12.6%
- 6.0%
- 3.6%
- 2.8%
- 2.7%
Largest countries of SWRD
- 73.3%
- 6.0%
- 3.4%
- 3.3%
- 2.2%
- 2.1%
Frequently asked questions
What is the difference between Invesco FTSE All-World and SWRD?
Invesco FTSE All-World (Invesco FTSE All-World UCITS ETF Acc, IE000716YHJ7) tracks the FTSE All-World index and SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) the MSCI World index. SWRD has the lower total expense ratio (TER): 0.12% a year against 0.15% for Invesco FTSE All-World, 0.03 percentage points less, or about 3 a year on 10,000 invested. Invesco FTSE All-World and SWRD both reinvest their income (accumulating share classes). Invesco FTSE All-World and SWRD both hold the index securities directly (physical replication). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.Which is cheaper, Invesco FTSE All-World or SWRD?
SWRD has the lower total expense ratio (TER): 0.12% a year against 0.15% for Invesco FTSE All-World, 0.03 percentage points less, or about 3 a year on 10,000 invested. Their key information documents state ongoing charges of 0.15% for Invesco FTSE All-World and 0.12% for SWRD.Which is bigger, Invesco FTSE All-World or SWRD?
SWRD is the larger fund, with USD 22.5bn in assets against USD 5.27bn for Invesco FTSE All-World, about 4.3 times the size.Do Invesco FTSE All-World and SWRD hold the same companies?
1 of the largest holdings of Invesco FTSE All-World (top 10) and SWRD (top 10) appears in both lists; measured on those positions only, the overlap is at least 1.6%. Shared holdings include BROADCOM INC NPV.How did Invesco FTSE All-World and SWRD perform in 2025?
In 2025, Invesco FTSE All-World returned +22.5% and SWRD +21.2%, a gap of 1.3 percentage points. Over 3 years, Invesco FTSE All-World returned +22.1% a year and SWRD +22.0% a year. Over the past year, Invesco FTSE All-World returned +16.5% and SWRD +15.4%. Past performance does not predict future returns.Are Invesco FTSE All-World and SWRD accumulating or distributing?
Invesco FTSE All-World is accumulating: it reinvests its income in the fund. SWRD is accumulating: it reinvests its income in the fund.Go further
- Invesco FTSE All-World (Invesco FTSE All-World UCITS ETF Acc): full fund page
- SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc)): full fund page
- All funds tracking FTSE All-World
- All funds tracking MSCI World
- Compare the largest holdings of Invesco FTSE All-World and SWRD in the overlap checker
- All ETF comparisons
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