ETF comparison · Accumulating vs distributing
VUAA vs VUSA: overlap by weight, TER & holdings
Vanguard S&P 500 UCITS ETF (USD) Accumulating vs Vanguard S&P 500 UCITS ETF (USD) Distributing
Same fund family, same index, same fee. VUAA reinvests dividends automatically; VUSA pays them out quarterly. Tax treatment of distributions in your country is the deciding factor.
VUAA also trades as VUAG (LSE (GBP)).
VUAA vs VUSA at a glance
| VUAA | VUSA | |
|---|---|---|
| Fund | Vanguard S&P 500 UCITS ETF (USD) Accumulating | Vanguard S&P 500 UCITS ETF (USD) Distributing |
| ISIN | IE00BFMXXD54 | IE00B3XXRP09 |
| Index | S&P 500 | S&P 500 |
| Market exposure | US large cap | US large cap |
| TER | 0.07% | 0.07% |
| Holdings in fund | 503 | 503 |
| Fund size | ≈ 86 bn USD | ≈ 116 bn USD |
| Domicile | Ireland | Ireland |
| Replication | Physical (full) | Physical (full) |
| Use of income | Accumulating | Distributing |
| Launched | May 14, 2019 | May 22, 2012 |
Top shared holdings
| VUAA | VUSA | |
|---|---|---|
| NVDANVIDIA Corp | 8.09% | 8.09% |
| AAPLApple Inc | 7.04% | 7.04% |
| MSFTMicrosoft Corp | 5.7% | 5.7% |
| AMZNAmazon.com Inc | 3.85% | 3.85% |
| GOOGLAlphabet Inc | 3.01% | 3.01% |
| AVGOBroadcom Inc | 2.65% | 2.65% |
| GOOGAlphabet Inc | 2.4% | 2.4% |
| METAMeta Platforms Inc | 1.9% | 1.9% |
| MUMicron Technology Inc | 1.64% | 1.64% |
| TSLATesla Inc | 1.57% | 1.57% |
| JPMJPMorgan Chase & Co | 1.44% | 1.44% |
| BRK/BBerkshire Hathaway Inc | 1.4% | 1.4% |
| LLYEli Lilly & Co | 1.38% | 1.38% |
| AMDAdvanced Micro Devices Inc | 1.16% | 1.16% |
| XOMExxonMobil Holdings Corp | 1.01% | 1.01% |
Weights per fund, normalized. 503 companies appear in both funds.
What the fee gap costs
Growth of 10,000 invested at 7% annual return, after each fund’s TER: 0.07% for VUAA, 0.07% for VUSA.
| VUAA | VUSA | Difference | |
|---|---|---|---|
| After 10 years | 19,543 | 19,543 | 0 |
| After 20 years | 38,194 | 38,194 | 0 |
| After 30 years | 74,643 | 74,643 | 0 |
The two funds charge the same TER, so fees do not separate them. TER only. Trading spreads, taxes and broker fees are not included.
Domicile and withholding tax
Both funds are domiciled in Ireland, so fund-level dividend withholding works the same way for both. Domicile does not separate this pair.
Frequently asked questions
Do VUAA and VUSA overlap?+
Yes: 100% by weight, with 503 holdings appearing in both funds. 100% of VUAA’s weight is also inside VUSA.
Do VUAA and VUSA track the same index?+
Yes. Both funds track the same index: S&P 500. Return differences come from fees, replication and trading costs, not from index choice.
Which is cheaper, VUAA or VUSA?+
Neither: both charge 0.07% per year, so cost does not separate them.
Is it worth holding both VUAA and VUSA?+
Holding both mostly duplicates exposure: 100% of the pair overlaps by weight. Most investors pick one, or combine one of them with a fund covering different markets.
More comparisons
Methodology
Overlap is the sum of min(weight A, weight B) across holdings that appear in both funds, with each fund’s stored weights normalized to 100%. Holdings come from issuer feeds and regulatory filings in our ETF holdings database; TER and fund size come from fund profile data and are refreshed regularly. Figures update when the underlying holdings data updates.
Holdings data as of Aug 31, 2026, from our ETF holdings database.