ETF comparison

IWDA vs XMWO

iShares Core MSCI World UCITS ETF
IE00B4L5Y983iShares
Xtrackers MSCI World Swap UCITS ETF 1C
LU0274208692Xtrackers
Figures as of October 1, 2026 (IWDA) · October 1, 2026 (XMWO)

The comparison in short

IWDA (iShares Core MSCI World UCITS ETF, IE00B4L5Y983) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. IWDA has the lower total expense ratio (TER): 0.20% a year against 0.45% for XMWO, 0.25 percentage points less, or about 25 a year on 10,000 invested. IWDA is the larger fund, with USD 152.1bn in assets against GBP 10.90bn for XMWO. XMWO replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, IWDA returned +21.2% and XMWO +21.0%, a gap of 0.2 percentage points. Over 10 years, IWDA returned +12.9% a year and XMWO +12.8% a year. IWDA and XMWO both reinvest their income (accumulating share classes). IWDA holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). IWDA is domiciled in Ireland and XMWO in Luxembourg. IWDA and XMWO 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

FigureIWDAXMWO
ISINIE00B4L5Y983LU0274208692
Exchange tickersIWDA, SWDA, EUNLXMWO, XMWD, DB31
Fund houseiSharesXtrackers
Total expense ratio (TER)0.20%0.45%
Ongoing charges (KID)0.20%0.45%
Fund sizeUSD 152.1bnGBP 10.90bn
Launch dateSeptember 25, 2009December 19, 2006
ReplicationPhysicalSynthetic (swap)
DomicileIrelandLuxembourg
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Number of holdings1,250—
Risk indicator (SRRI)4 / 74 / 7
SFDR classificationArticle 6—
BenchmarkMSCI World Index (Net)MSCI Total Return Net World Index (USD)

Performance

Calendar-year returns

YearIWDAXMWODifference
2025+21.2%+21.0%+0.2
2024+18.7%+18.6%+0.1
2023+23.9%+23.7%+0.2
2022−18.0%−18.2%+0.2
2021+21.9%+21.8%+0.1
2020+15.9%+16.0%−0.1

Annualised returns

PeriodIWDAXMWODifference
1 year+14.6%+14.5%+0.1
3 years+21.6%+21.2%+0.4
5 years+11.8%+11.7%+0.1
10 years+12.9%+12.8%+0.1
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

XMWO replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

Top 10 holdings of IWDA

#HoldingWeight
1
NVIDIA
5.86%
2
APPLE
5.36%
3
MICROSOFT
4.00%
4
AMAZON.COM INC
2.65%
5
ALPHABET CLASS A
2.19%
6
META PLATFORMS CLASS A
1.76%
7
ALPHABET CLASS C
1.73%
8
BROADCOM INC
1.72%
9
MICRON TECHNOLOGY
1.37%
10
TESLA INC
1.12%

Top 10 holdings of XMWO

XMWO replicates its index through a swap: the securities it publishes are the collateral basket behind the swap, not the index, so they are not compared.
#HoldingWeight
1
AMAZON COM INC
5.74%
2
MICROSOFT
4.30%
3
NVIDIA
4.22%
4
APPLE
3.43%
5
NOVARTIS AG
3.29%
6
NESTLE SA
3.12%
7
SYNOPSYS
2.75%
8
BERKSHIRE HATHAWAY INC CLASS B
2.58%
9
ADVANCED MICRO DEVICES
2.50%
10
WALMART
2.07%
Compare every published holding of IWDA and XMWO 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 sectors of XMWO

  1. Information Technology38.0%
  2. Financials10.9%
  3. Consumer Staples10.4%
  4. Health Care10.1%
  5. Consumer Discretionary9.2%

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

Largest countries of XMWO

  1. United States76.4%
  2. Switzerland7.4%
  3. Germany3.1%
  4. Sweden2.1%
  5. Netherlands1.9%

Frequently asked questions

What is the difference between IWDA and XMWO?

IWDA (iShares Core MSCI World UCITS ETF, IE00B4L5Y983) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. IWDA has the lower total expense ratio (TER): 0.20% a year against 0.45% for XMWO, 0.25 percentage points less, or about 25 a year on 10,000 invested. IWDA and XMWO both reinvest their income (accumulating share classes). IWDA holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). IWDA is domiciled in Ireland and XMWO in Luxembourg. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, IWDA or XMWO?

IWDA has the lower total expense ratio (TER): 0.20% a year against 0.45% for XMWO, 0.25 percentage points less, or about 25 a year on 10,000 invested. Their key information documents state ongoing charges of 0.20% for IWDA and 0.45% for XMWO.

Which is bigger, IWDA or XMWO?

IWDA is the larger fund, with USD 152.1bn in assets against GBP 10.90bn for XMWO.

Do IWDA and XMWO hold the same companies?

XMWO replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

How did IWDA and XMWO perform in 2025?

In 2025, IWDA returned +21.2% and XMWO +21.0%, a gap of 0.2 percentage points. Over 10 years, IWDA returned +12.9% a year and XMWO +12.8% a year. Over the past year, IWDA returned +14.6% and XMWO +14.5%. Past performance does not predict future returns.

Are IWDA and XMWO accumulating or distributing?

IWDA is accumulating: it reinvests its income in the fund. XMWO 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.