ETF comparison

VUAA vs SWRD

Vanguard S&P 500 UCITS ETF (USD) Accumulating
IE00BFMXXD54Vanguard
State Street® SPDR® MSCI World UCITS ETF (Acc)
IE00BFY0GT14State Street
Figures as of September 30, 2026 (VUAA) · October 2, 2026 (SWRD)

The comparison in short

VUAA (Vanguard S&P 500 UCITS ETF (USD) Accumulating, IE00BFMXXD54) tracks the S&P 500 index and SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) the MSCI World index. VUAA has the lower total expense ratio (TER): 0.07% a year against 0.12% for SWRD, 0.05 percentage points less, or about 5 a year on 10,000 invested. VUAA is the larger fund, with USD 89,226m in assets against USD 22.5bn for SWRD, about 4 times the size. VUAA reports 512 holdings and SWRD 1,241. 9 of the holdings published by VUAA (top 10) and SWRD (top 10) appear in both lists; measured on those published positions only, the overlap is at least 27.8%. Shared holdings include NVIDIA Corp., Apple Inc., Microsoft Corp., Alphabet Inc. and Amazon.com Inc.. In 2025, VUAA returned +17.6% and SWRD +21.2%, a gap of 3.6 percentage points. Over 5 years, VUAA returned +13.5% a year and SWRD +12.1% a year. VUAA and SWRD both reinvest their income (accumulating share classes). VUAA and SWRD both hold the index securities directly (physical replication). Both are domiciled in Ireland. VUAA and SWRD 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

FigureVUAASWRD
ISINIE00BFMXXD54IE00BFY0GT14
Exchange tickersVUAA, VUAGSWRD, SWLD, SPPW
Fund houseVanguardState Street
Total expense ratio (TER)0.07%0.12%
Ongoing charges (KID)0.07%0.12%
Fund sizeUSD 89,226mUSD 22.5bn
Launch dateMay 14, 2019February 28, 2019
ReplicationPhysicalPhysical
DomicileIrelandIreland
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Number of holdings5121,241
Risk indicator (SRRI)4 / 74 / 7
BenchmarkS&P 500 Net Total ReturnMSCI World Index

Performance

Calendar-year returns

YearVUAASWRDDifference
2025+17.6%+21.2%−3.6
2024+24.7%+18.9%+5.8
2023+25.9%+24.0%+1.9
2022−18.3%−17.9%−0.4
2021+28.4%+22.0%+6.4
2020+18.0%+15.8%+2.2

Annualised returns

PeriodVUAASWRDDifference
1 year+15.5%+15.4%+0.1
3 years+22.6%+22.0%+0.6
5 years+13.5%+12.1%+1.4
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 VUAA (top 10) and SWRD (top 10) appear in both lists; measured on those published positions only, the overlap is at least 27.8%. Shared holdings include NVIDIA Corp., Apple Inc., Microsoft Corp., Alphabet Inc. and Amazon.com Inc..

Top 10 holdings of VUAA

#HoldingWeight
1
NVIDIA Corp.In both
8.10%
2
Apple Inc.In both
7.00%
3
Microsoft Corp.In both
5.70%
4
Alphabet Inc.In both
5.40%
5
Amazon.com Inc.In both
3.80%
6
Broadcom Inc.In both
2.70%
7
Meta Platforms Inc.In both
1.90%
8
Micron Technology Inc.In both
1.60%
9
Tesla Inc.In both
1.60%
10
JPMorgan Chase & Co.
1.40%

Top 10 holdings of SWRD

#HoldingWeight
1
NVIDIA CorporationIn both
5.88%
2
Apple Inc.In both
5.38%
3
Microsoft CorporationIn both
4.01%
4
Amazon.com Inc.In both
2.66%
5
Alphabet Inc. Class AIn both
2.20%
6
Meta Platforms Inc Class AIn both
1.76%
7
Alphabet Inc. Class CIn both
1.73%
8
Broadcom Inc.In both
1.72%
9
Micron Technology Inc.In both
1.37%
10
Tesla Inc.In both
1.12%
Compare every published holding of VUAA and SWRD in the overlap checker

Sectors and countries

Largest sectors of VUAA

  1. Information Technology37.9%
  2. Financials12.3%
  3. Communication Services9.5%
  4. Health Care9.3%
  5. Consumer Discretionary9.1%
  6. Industrials8.3%
+ 4 more

Largest sectors of SWRD

  1. Information Technology32.1%
  2. Financials15.6%
  3. Industrials10.8%
  4. Health Care9.1%
  5. Consumer Discretionary8.4%
  6. Communication Services8.2%
+ 5 more

Largest countries of VUAA

  1. United States99.9%
  2. United Kingdom0.1%

Largest countries of SWRD

  1. United States73.3%
  2. Japan6.0%
  3. United Kingdom3.4%
  4. Canada3.3%
  5. France2.2%
  6. Switzerland2.1%
+ 4 more

Frequently asked questions

What is the difference between VUAA and SWRD?

VUAA (Vanguard S&P 500 UCITS ETF (USD) Accumulating, IE00BFMXXD54) tracks the S&P 500 index and SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) the MSCI World index. VUAA has the lower total expense ratio (TER): 0.07% a year against 0.12% for SWRD, 0.05 percentage points less, or about 5 a year on 10,000 invested. VUAA and SWRD both reinvest their income (accumulating share classes). VUAA 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, VUAA or SWRD?

VUAA has the lower total expense ratio (TER): 0.07% a year against 0.12% for SWRD, 0.05 percentage points less, or about 5 a year on 10,000 invested. Their key information documents state ongoing charges of 0.07% for VUAA and 0.12% for SWRD.

Which is bigger, VUAA or SWRD?

VUAA is the larger fund, with USD 89,226m in assets against USD 22.5bn for SWRD, about 4 times the size.

Do VUAA and SWRD hold the same companies?

9 of the holdings published by VUAA (top 10) and SWRD (top 10) appear in both lists; measured on those published positions only, the overlap is at least 27.8%. Shared holdings include NVIDIA Corp., Apple Inc., Microsoft Corp., Alphabet Inc. and Amazon.com Inc..

How did VUAA and SWRD perform in 2025?

In 2025, VUAA returned +17.6% and SWRD +21.2%, a gap of 3.6 percentage points. Over 5 years, VUAA returned +13.5% a year and SWRD +12.1% a year. Over the past year, VUAA returned +15.5% and SWRD +15.4%. Past performance does not predict future returns.

Are VUAA and SWRD accumulating or distributing?

VUAA is accumulating: it reinvests its income in the fund. SWRD 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.