ETF comparison

VWRL vs XDWD

Vanguard FTSE All-World UCITS ETF (USD) Distributing
IE00B3RBWM25Vanguard
Xtrackers MSCI World UCITS ETF 1C
IE00BJ0KDQ92Xtrackers
Figures as of September 30, 2026 (VWRL) · October 1, 2026 (XDWD)

The comparison in short

VWRL (Vanguard FTSE All-World UCITS ETF (USD) Distributing, IE00B3RBWM25) tracks the FTSE All-World index and XDWD (Xtrackers MSCI World UCITS ETF 1C, IE00BJ0KDQ92) the MSCI World index. XDWD has the lower total expense ratio (TER): 0.12% a year against 0.14% for VWRL, 0.02 percentage points less, or about 2 a year on 10,000 invested. VWRL is the larger fund, with USD 87.29bn in assets against GBP 23.32bn for XDWD. 8 of the holdings published by VWRL (top 10) and XDWD (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 XDWD +21.2%, a gap of 1.4 percentage points. Over 10 years, VWRL returned +12.3% a year and XDWD +12.9% a year. XDWD reinvests its income (accumulating), while VWRL pays it out (distributing). Both are domiciled in Ireland. VWRL and XDWD 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

FigureVWRLXDWD
ISINIE00B3RBWM25IE00BJ0KDQ92
Exchange tickersVWRL, VWRD, VGWLXDWD, XWLD
Fund houseVanguardXtrackers
Total expense ratio (TER)0.14%0.12%
Ongoing charges (KID)0.14%0.12%
Fund sizeUSD 87.29bnGBP 23.32bn
Launch dateMay 22, 2012July 22, 2014
Replication—Physical
DomicileIrelandIreland
Distribution policyDistributingAccumulating
Share class currencyUSDUSD
Number of holdings4,093—
Risk indicator (SRRI)4 / 74 / 7
SFDR classification—Article 6
BenchmarkFTSE All World Index USD Net of TaxMSCI Total Return Net World Index

Performance

Calendar-year returns

YearVWRLXDWDDifference
2025+22.6%+21.2%+1.4
2024+17.2%+18.7%−1.5
2023+22.0%+23.9%−1.9
2022−18.1%−18.1%0.0
2021+18.3%+21.9%−3.6
2020+16.0%+16.0%0.0

Annualised returns

PeriodVWRLXDWDDifference
1 year+16.7%+14.7%+2.0
3 years+21.7%+21.4%+0.3
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 XDWD (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 XDWD

#HoldingWeight
1
NVIDIAIn both
5.85%
2
APPLEIn both
5.35%
3
MICROSOFTIn both
3.99%
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
1.71%
9
MICRON TECHNOLOGYIn both
1.37%
10
TESLA INC
1.12%
Compare every published holding of VWRL and XDWD in the overlap checker

Sectors and countries

Largest sectors of XDWD

  1. Information Technology29.4%
  2. Others24.8%
  3. Financials16.1%
  4. Industrials11.5%
  5. Health Care9.3%
  6. Consumer Discretionary8.9%

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 XDWD

  1. United States71.6%
  2. Others14.0%
  3. Japan5.8%
  4. Canada3.3%
  5. United Kingdom3.0%
  6. Switzerland2.4%

Frequently asked questions

What is the difference between VWRL and XDWD?

VWRL (Vanguard FTSE All-World UCITS ETF (USD) Distributing, IE00B3RBWM25) tracks the FTSE All-World index and XDWD (Xtrackers MSCI World UCITS ETF 1C, IE00BJ0KDQ92) the MSCI World index. XDWD has the lower total expense ratio (TER): 0.12% a year against 0.14% for VWRL, 0.02 percentage points less, or about 2 a year on 10,000 invested. XDWD 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 XDWD?

XDWD has the lower total expense ratio (TER): 0.12% a year against 0.14% for VWRL, 0.02 percentage points less, or about 2 a year on 10,000 invested. Their key information documents state ongoing charges of 0.14% for VWRL and 0.12% for XDWD.

Which is bigger, VWRL or XDWD?

VWRL is the larger fund, with USD 87.29bn in assets against GBP 23.32bn for XDWD.

Do VWRL and XDWD hold the same companies?

8 of the holdings published by VWRL (top 10) and XDWD (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 XDWD perform in 2025?

In 2025, VWRL returned +22.6% and XDWD +21.2%, a gap of 1.4 percentage points. Over 10 years, VWRL returned +12.3% a year and XDWD +12.9% a year. Over the past year, VWRL returned +16.7% and XDWD +14.7%. Past performance does not predict future returns.

Are VWRL and XDWD accumulating or distributing?

VWRL is distributing: it pays its income out to investors. XDWD 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.