ETF comparison

XDWD vs XMWO

Xtrackers MSCI World UCITS ETF 1C
IE00BJ0KDQ92Xtrackers
Xtrackers MSCI World Swap UCITS ETF 1C
LU0274208692Xtrackers
Figures as of October 1, 2026 (XDWD) · October 1, 2026 (XMWO)

The comparison in short

XDWD (Xtrackers MSCI World UCITS ETF 1C, IE00BJ0KDQ92) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. XDWD 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. XDWD is the larger fund, with GBP 23.32bn in assets against GBP 10.90bn for XMWO, about 2.1 times the size. XMWO replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, XDWD returned +21.2% and XMWO +21.0%, a gap of 0.2 percentage points. Over 10 years, XDWD returned +12.9% a year and XMWO +12.8% a year. XDWD and XMWO both reinvest their income (accumulating share classes). XDWD holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). XDWD is domiciled in Ireland and XMWO in Luxembourg. XDWD 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

FigureXDWDXMWO
ISINIE00BJ0KDQ92LU0274208692
Exchange tickersXDWD, XWLDXMWO, XMWD, DB31
Fund houseXtrackersXtrackers
Total expense ratio (TER)0.12%0.45%
Ongoing charges (KID)0.12%0.45%
Fund sizeGBP 23.32bnGBP 10.90bn
Launch dateJuly 22, 2014December 19, 2006
ReplicationPhysicalSynthetic (swap)
DomicileIrelandLuxembourg
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Risk indicator (SRRI)4 / 74 / 7
SFDR classificationArticle 6—
BenchmarkMSCI Total Return Net World IndexMSCI Total Return Net World Index (USD)

Performance

Calendar-year returns

YearXDWDXMWODifference
2025+21.2%+21.0%+0.2
2024+18.7%+18.6%+0.1
2023+23.9%+23.7%+0.2
2022−18.1%−18.2%+0.1
2021+21.9%+21.8%+0.1
2020+16.0%+16.0%0.0

Annualised returns

PeriodXDWDXMWODifference
1 year+14.7%+14.5%+0.2
3 years+21.4%+21.2%+0.2
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 XDWD

#HoldingWeight
1
NVIDIA
5.85%
2
APPLE
5.35%
3
MICROSOFT
3.99%
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
1.71%
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 XDWD and XMWO in the overlap checker

Sectors and countries

Largest sectors of XDWD

  1. Information Technology29.4%
  2. Others24.8%
  3. Financials16.1%
  4. Industrials11.5%
  5. Health Care9.3%
  6. Consumer Discretionary8.9%

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 XDWD

  1. United States71.6%
  2. Others14.0%
  3. Japan5.8%
  4. Canada3.3%
  5. United Kingdom3.0%
  6. Switzerland2.4%

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 XDWD and XMWO?

XDWD (Xtrackers MSCI World UCITS ETF 1C, IE00BJ0KDQ92) and XMWO (Xtrackers MSCI World Swap UCITS ETF 1C, LU0274208692) both track the MSCI World index. XDWD 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. XDWD and XMWO both reinvest their income (accumulating share classes). XDWD holds the index securities directly (physical replication), while XMWO replicates its index through a swap (synthetic). XDWD is domiciled in Ireland and XMWO in Luxembourg. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, XDWD or XMWO?

XDWD 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 XDWD and 0.45% for XMWO.

Which is bigger, XDWD or XMWO?

XDWD is the larger fund, with GBP 23.32bn in assets against GBP 10.90bn for XMWO, about 2.1 times the size.

Do XDWD 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 XDWD and XMWO perform in 2025?

In 2025, XDWD returned +21.2% and XMWO +21.0%, a gap of 0.2 percentage points. Over 10 years, XDWD returned +12.9% a year and XMWO +12.8% a year. Over the past year, XDWD returned +14.7% and XMWO +14.5%. Past performance does not predict future returns.

Are XDWD and XMWO accumulating or distributing?

XDWD 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.