ETF comparison

VWRL vs VWCE

Vanguard FTSE All-World UCITS ETF (USD) Distributing
IE00B3RBWM25Vanguard
Vanguard FTSE All-World UCITS ETF (USD) Accumulating
IE00BK5BQT80Vanguard
Figures as of September 30, 2026 (VWRL) · September 30, 2026 (VWCE)

The comparison in short

VWRL (Vanguard FTSE All-World UCITS ETF (USD) Distributing, IE00B3RBWM25) and VWCE (Vanguard FTSE All-World UCITS ETF (USD) Accumulating, IE00BK5BQT80) both track the FTSE All-World index. VWRL and VWCE have the same total expense ratio (TER), 0.14% a year. VWRL reports USD 87.29bn in assets and VWCE USD 87.29bn. VWRL reports 4,093 holdings and VWCE 4,093. 9 of the holdings published by VWRL (top 10) and VWCE (top 10) appear in both lists; measured on those published positions only, the overlap is at least 23.6%. Shared holdings include NVIDIA Corp, Apple Inc, Microsoft Corp, Alphabet Inc and Amazon.com Inc. In 2025, VWRL and VWCE both returned +22.6%. Over 5 years, VWRL returned +11.6% a year and VWCE +11.6% a year. VWCE reinvests its income (accumulating), while VWRL pays it out (distributing). Both are domiciled in Ireland. VWRL and VWCE 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

FigureVWRLVWCE
ISINIE00B3RBWM25IE00BK5BQT80
Exchange tickersVWRL, VWRD, VGWLVWCE, VWRA, VWRP
Fund houseVanguardVanguard
Total expense ratio (TER)0.14%0.14%
Ongoing charges (KID)0.14%0.14%
Fund sizeUSD 87.29bnUSD 87.29bn
Launch dateMay 22, 2012July 23, 2019
DomicileIrelandIreland
Distribution policyDistributingAccumulating
Share class currencyUSDUSD
Number of holdings4,0934,093
Risk indicator (SRRI)4 / 74 / 7
BenchmarkFTSE All World Index USD Net of TaxFTSE All World Index USD Net of Tax

Performance

Calendar-year returns

YearVWRLVWCEDifference
2025+22.6%+22.6%0.0
2024+17.2%+17.2%0.0
2023+22.0%+22.0%0.0
2022−18.1%−18.1%0.0
2021+18.3%+18.3%0.0
2020+16.0%+16.0%0.0

Annualised returns

PeriodVWRLVWCEDifference
1 year+16.7%+16.7%0.0
3 years+21.7%+21.7%0.0
5 years+11.6%+11.6%0.0
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

9 of the holdings published by VWRL (top 10) and VWCE (top 10) appear in both lists; measured on those published positions only, the overlap is at least 23.6%. 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 LtdIn both
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 VWCE

#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 LtdIn both
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%
Compare every published holding of VWRL and VWCE in the overlap checker

Sectors and countries

Largest sectors of VWCE

  1. Technology34.1%
  2. Financials15.5%
  3. Industrials12.3%
  4. Consumer Discretionary11.0%
  5. Health Care8.0%
  6. Energy4.2%
+ 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 VWCE

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

Frequently asked questions

What is the difference between VWRL and VWCE?

VWRL (Vanguard FTSE All-World UCITS ETF (USD) Distributing, IE00B3RBWM25) and VWCE (Vanguard FTSE All-World UCITS ETF (USD) Accumulating, IE00BK5BQT80) both track the FTSE All-World index. VWRL and VWCE have the same total expense ratio (TER), 0.14% a year. VWCE 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 VWCE?

VWRL and VWCE have the same total expense ratio (TER), 0.14% a year. Their key information documents state ongoing charges of 0.14% for VWRL and 0.14% for VWCE.

Which is bigger, VWRL or VWCE?

VWRL reports USD 87.29bn in assets and VWCE USD 87.29bn.

Do VWRL and VWCE hold the same companies?

9 of the holdings published by VWRL (top 10) and VWCE (top 10) appear in both lists; measured on those published positions only, the overlap is at least 23.6%. Shared holdings include NVIDIA Corp, Apple Inc, Microsoft Corp, Alphabet Inc and Amazon.com Inc.

How did VWRL and VWCE perform in 2025?

In 2025, VWRL and VWCE both returned +22.6%. Over 5 years, VWRL returned +11.6% a year and VWCE +11.6% a year. Over the past year, VWRL returned +16.7% and VWCE +16.7%. Past performance does not predict future returns.

Are VWRL and VWCE accumulating or distributing?

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

Go further

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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.