ETF comparison

VWRL vs IWDA

Vanguard FTSE All-World UCITS ETF (USD) Distributing
IE00B3RBWM25Vanguard
iShares Core MSCI World UCITS ETF
IE00B4L5Y983iShares
Figures as of September 30, 2026 (VWRL) · October 1, 2026 (IWDA)

The comparison in short

VWRL (Vanguard FTSE All-World UCITS ETF (USD) Distributing, IE00B3RBWM25) tracks the FTSE All-World index and IWDA (iShares Core MSCI World UCITS ETF, IE00B4L5Y983) the MSCI World index. VWRL has the lower total expense ratio (TER): 0.14% a year against 0.20% for IWDA, 0.06 percentage points less, or about 6 a year on 10,000 invested. IWDA is the larger fund, with USD 152.1bn in assets against USD 87.29bn for VWRL, about 1.7 times the size. VWRL reports 4,093 holdings and IWDA 1,250. 8 of the holdings published by VWRL (top 10) and IWDA (top 10) appear in both lists; measured on those published positions only, the overlap is at least 21.9%. Shared holdings include NVIDIA Corp, Apple Inc, Microsoft Corp, Alphabet Inc and Amazon.com Inc. In 2025, VWRL returned +22.6% and IWDA +21.2%, a gap of 1.4 percentage points. Over 10 years, VWRL returned +12.3% a year and IWDA +12.9% a year. IWDA reinvests its income (accumulating), while VWRL pays it out (distributing). Both are domiciled in Ireland. VWRL and IWDA both carry a risk indicator (SRRI) of 4 on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureVWRLIWDA
ISINIE00B3RBWM25IE00B4L5Y983
Exchange tickersVWRL, VWRD, VGWLIWDA, SWDA, EUNL
Fund houseVanguardiShares
Total expense ratio (TER)0.14%0.20%
Ongoing charges (KID)0.14%0.20%
Fund sizeUSD 87.29bnUSD 152.1bn
Launch dateMay 22, 2012September 25, 2009
Replication—Physical
DomicileIrelandIreland
Distribution policyDistributingAccumulating
Share class currencyUSDUSD
Number of holdings4,0931,250
Risk indicator (SRRI)4 / 74 / 7
SFDR classification—Article 6
BenchmarkFTSE All World Index USD Net of TaxMSCI World Index (Net)

Performance

Calendar-year returns

YearVWRLIWDADifference
2025+22.6%+21.2%+1.4
2024+17.2%+18.7%−1.5
2023+22.0%+23.9%−1.9
2022−18.1%−18.0%−0.1
2021+18.3%+21.9%−3.6
2020+16.0%+15.9%+0.1

Annualised returns

PeriodVWRLIWDADifference
1 year+16.7%+14.6%+2.1
3 years+21.7%+21.6%+0.1
5 years+11.6%+11.8%−0.2
10 years+12.3%+12.9%−0.6
Returns as published by each fund house, in each share class's currency and net of the fund's charges. The difference is in percentage points. Past performance does not predict future returns.

Holdings

8 of the holdings published by VWRL (top 10) and IWDA (top 10) appear in both lists; measured on those published positions only, the overlap is at least 21.9%. Shared holdings include NVIDIA Corp, Apple Inc, Microsoft Corp, Alphabet Inc and Amazon.com Inc.

Top 10 holdings of VWRL

#HoldingWeight
1
NVIDIA CorpIn both
4.77%
2
Apple IncIn both
4.24%
3
Microsoft CorpIn both
3.49%
4
Amazon.com IncIn both
2.33%
5
Alphabet IncIn both
1.87%
6
Taiwan Semiconductor Manufacturing Co Ltd
1.70%
7
Broadcom IncIn both
1.59%
8
Alphabet IncIn both
1.44%
9
Meta Platforms IncIn both
1.17%
10
Micron Technology IncIn both
1.00%

Top 10 holdings of IWDA

#HoldingWeight
1
NVIDIAIn both
5.86%
2
APPLEIn both
5.36%
3
MICROSOFTIn both
4.00%
4
AMAZON.COM INCIn both
2.65%
5
ALPHABET CLASS AIn both
2.19%
6
META PLATFORMS CLASS AIn both
1.76%
7
ALPHABET CLASS CIn both
1.73%
8
BROADCOM INCIn both
1.72%
9
MICRON TECHNOLOGYIn both
1.37%
10
TESLA INC
1.12%
Compare every published holding of VWRL and IWDA in the overlap checker

Sectors and countries

Largest sectors of IWDA

  1. Information Technology32.0%
  2. Financials15.6%
  3. Industrials10.8%
  4. Health Care9.1%
  5. Consumer Discretionary8.3%
  6. Communication8.2%
+ 4 more

Largest countries of VWRL

  1. United States61.7%
  2. Japan6.0%
  3. Taiwan3.3%
  4. United Kingdom3.3%
  5. Canada3.0%
  6. China2.7%
+ 4 more

Largest countries of IWDA

  1. United States73.0%
  2. Japan6.0%
  3. Other5.0%
  4. United Kingdom3.3%
  5. Canada3.3%
  6. France2.2%
+ 4 more

Frequently asked questions

What is the difference between VWRL and IWDA?

VWRL (Vanguard FTSE All-World UCITS ETF (USD) Distributing, IE00B3RBWM25) tracks the FTSE All-World index and IWDA (iShares Core MSCI World UCITS ETF, IE00B4L5Y983) the MSCI World index. VWRL has the lower total expense ratio (TER): 0.14% a year against 0.20% for IWDA, 0.06 percentage points less, or about 6 a year on 10,000 invested. IWDA reinvests its income (accumulating), while VWRL pays it out (distributing). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, VWRL or IWDA?

VWRL has the lower total expense ratio (TER): 0.14% a year against 0.20% for IWDA, 0.06 percentage points less, or about 6 a year on 10,000 invested. Their key information documents state ongoing charges of 0.14% for VWRL and 0.20% for IWDA.

Which is bigger, VWRL or IWDA?

IWDA is the larger fund, with USD 152.1bn in assets against USD 87.29bn for VWRL, about 1.7 times the size.

Do VWRL and IWDA hold the same companies?

8 of the holdings published by VWRL (top 10) and IWDA (top 10) appear in both lists; measured on those published positions only, the overlap is at least 21.9%. Shared holdings include NVIDIA Corp, Apple Inc, Microsoft Corp, Alphabet Inc and Amazon.com Inc.

How did VWRL and IWDA perform in 2025?

In 2025, VWRL returned +22.6% and IWDA +21.2%, a gap of 1.4 percentage points. Over 10 years, VWRL returned +12.3% a year and IWDA +12.9% a year. Over the past year, VWRL returned +16.7% and IWDA +14.6%. Past performance does not predict future returns.

Are VWRL and IWDA accumulating or distributing?

VWRL is distributing: it pays its income out to investors. IWDA is accumulating: it reinvests its income in the fund.

Go further

Other comparisons

Figures are read from the documents each fund house publishes (product page, factsheet, key information document, holdings file) and refreshed weekly. Names and tickers identify the products; FundFacts API is independent of every fund house and index provider. This comparison is factual information, not investment advice or a recommendation to buy or sell either fund.