ETF comparison

SWRD vs VWCE

State Street® SPDR® MSCI World UCITS ETF (Acc)
IE00BFY0GT14State Street
Vanguard FTSE All-World UCITS ETF (USD) Accumulating
IE00BK5BQT80Vanguard
Figures as of October 2, 2026 (SWRD) · September 30, 2026 (VWCE)

The comparison in short

SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) tracks the MSCI World index and VWCE (Vanguard FTSE All-World UCITS ETF (USD) Accumulating, IE00BK5BQT80) the FTSE All-World index. SWRD has the lower total expense ratio (TER): 0.12% a year against 0.14% for VWCE, 0.02 percentage points less, or about 2 a year on 10,000 invested. VWCE is the larger fund, with USD 87.29bn in assets against USD 22.5bn for SWRD, about 3.9 times the size. SWRD reports 1,241 holdings and VWCE 4,093. 8 of the holdings published by SWRD (top 10) and VWCE (top 10) appear in both lists; measured on those published positions only, the overlap is at least 21.9%. Shared holdings include NVIDIA Corporation, Apple Inc., Microsoft Corporation, Alphabet Inc. Class A and Amazon.com Inc.. In 2025, SWRD returned +21.2% and VWCE +22.6%, a gap of 1.4 percentage points. Over 5 years, SWRD returned +12.1% a year and VWCE +11.6% a year. SWRD and VWCE both reinvest their income (accumulating share classes). Both are domiciled in Ireland. SWRD 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

FigureSWRDVWCE
ISINIE00BFY0GT14IE00BK5BQT80
Exchange tickersSWRD, SWLD, SPPWVWCE, VWRA, VWRP
Fund houseState StreetVanguard
Total expense ratio (TER)0.12%0.14%
Ongoing charges (KID)0.12%0.14%
Fund sizeUSD 22.5bnUSD 87.29bn
Launch dateFebruary 28, 2019July 23, 2019
ReplicationPhysical—
DomicileIrelandIreland
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Number of holdings1,2414,093
Risk indicator (SRRI)4 / 74 / 7
BenchmarkMSCI World IndexFTSE All World Index USD Net of Tax

Performance

Calendar-year returns

YearSWRDVWCEDifference
2025+21.2%+22.6%−1.4
2024+18.9%+17.2%+1.7
2023+24.0%+22.0%+2.0
2022−17.9%−18.1%+0.2
2021+22.0%+18.3%+3.7
2020+15.8%+16.0%−0.2

Annualised returns

PeriodSWRDVWCEDifference
1 year+15.4%+16.7%−1.3
3 years+22.0%+21.7%+0.3
5 years+12.1%+11.6%+0.5
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 SWRD (top 10) and VWCE (top 10) appear in both lists; measured on those published positions only, the overlap is at least 21.9%. Shared holdings include NVIDIA Corporation, Apple Inc., Microsoft Corporation, Alphabet Inc. Class A and Amazon.com Inc..

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.
1.12%

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 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%
Compare every published holding of SWRD and VWCE in the overlap checker

Sectors and countries

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 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 SWRD

  1. United States73.3%
  2. Japan6.0%
  3. United Kingdom3.4%
  4. Canada3.3%
  5. France2.2%
  6. Switzerland2.1%
+ 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 SWRD and VWCE?

SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) tracks the MSCI World index and VWCE (Vanguard FTSE All-World UCITS ETF (USD) Accumulating, IE00BK5BQT80) the FTSE All-World index. SWRD has the lower total expense ratio (TER): 0.12% a year against 0.14% for VWCE, 0.02 percentage points less, or about 2 a year on 10,000 invested. SWRD and VWCE both reinvest their income (accumulating share classes). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, SWRD or VWCE?

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

Which is bigger, SWRD or VWCE?

VWCE is the larger fund, with USD 87.29bn in assets against USD 22.5bn for SWRD, about 3.9 times the size.

Do SWRD and VWCE hold the same companies?

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

How did SWRD and VWCE perform in 2025?

In 2025, SWRD returned +21.2% and VWCE +22.6%, a gap of 1.4 percentage points. Over 5 years, SWRD returned +12.1% a year and VWCE +11.6% a year. Over the past year, SWRD returned +15.4% and VWCE +16.7%. Past performance does not predict future returns.

Are SWRD and VWCE accumulating or distributing?

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