ETF comparison

SWRD vs XMWO

State Street® SPDR® MSCI World UCITS ETF (Acc)
IE00BFY0GT14State Street
Xtrackers MSCI World Swap UCITS ETF 1C
LU0274208692Xtrackers
Figures as of October 2, 2026 (SWRD) · October 1, 2026 (XMWO)

The comparison in short

SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. SWRD has the lower total expense ratio (TER): 0.12% a year against 0.45% for XMWO, 0.33 percentage points less, or about 33 a year on 10,000 invested. SWRD reports USD 22.5bn in assets and XMWO GBP 10.90bn. XMWO replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, SWRD returned +21.2% and XMWO +21.0%, a gap of 0.2 percentage points. Over 5 years, SWRD returned +12.1% a year and XMWO +11.7% a year. SWRD and XMWO both reinvest their income (accumulating share classes). SWRD holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). SWRD is domiciled in Ireland and XMWO in Luxembourg. SWRD 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

FigureSWRDXMWO
ISINIE00BFY0GT14LU0274208692
Exchange tickersSWRD, SWLD, SPPWXMWO, XMWD, DB31
Fund houseState StreetXtrackers
Total expense ratio (TER)0.12%0.45%
Ongoing charges (KID)0.12%0.45%
Fund sizeUSD 22.5bnGBP 10.90bn
Launch dateFebruary 28, 2019December 19, 2006
ReplicationPhysicalSynthetic (swap)
DomicileIrelandLuxembourg
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Number of holdings1,241—
Risk indicator (SRRI)4 / 74 / 7
BenchmarkMSCI World IndexMSCI Total Return Net World Index (USD)

Performance

Calendar-year returns

YearSWRDXMWODifference
2025+21.2%+21.0%+0.2
2024+18.9%+18.6%+0.3
2023+24.0%+23.7%+0.3
2022−17.9%−18.2%+0.3
2021+22.0%+21.8%+0.2
2020+15.8%+16.0%−0.2

Annualised returns

PeriodSWRDXMWODifference
1 year+15.4%+14.5%+0.9
3 years+22.0%+21.2%+0.8
5 years+12.1%+11.7%+0.4
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

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 SWRD

#HoldingWeight
1
NVIDIA Corporation
5.88%
2
Apple Inc.
5.38%
3
Microsoft Corporation
4.01%
4
Amazon.com Inc.
2.66%
5
Alphabet Inc. Class A
2.20%
6
Meta Platforms Inc Class A
1.76%
7
Alphabet Inc. Class C
1.73%
8
Broadcom Inc.
1.72%
9
Micron Technology Inc.
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 SWRD and XMWO 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 XMWO

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

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 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 SWRD and XMWO?

SWRD (State Street® SPDR® MSCI World UCITS ETF (Acc), IE00BFY0GT14) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. SWRD has the lower total expense ratio (TER): 0.12% a year against 0.45% for XMWO, 0.33 percentage points less, or about 33 a year on 10,000 invested. SWRD and XMWO both reinvest their income (accumulating share classes). SWRD holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). SWRD is domiciled in Ireland and XMWO in Luxembourg. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, SWRD or XMWO?

SWRD has the lower total expense ratio (TER): 0.12% a year against 0.45% for XMWO, 0.33 percentage points less, or about 33 a year on 10,000 invested. Their key information documents state ongoing charges of 0.12% for SWRD and 0.45% for XMWO.

Which is bigger, SWRD or XMWO?

SWRD reports USD 22.5bn in assets and XMWO GBP 10.90bn.

Do SWRD 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 SWRD and XMWO perform in 2025?

In 2025, SWRD returned +21.2% and XMWO +21.0%, a gap of 0.2 percentage points. Over 5 years, SWRD returned +12.1% a year and XMWO +11.7% a year. Over the past year, SWRD returned +15.4% and XMWO +14.5%. Past performance does not predict future returns.

Are SWRD and XMWO accumulating or distributing?

SWRD 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.