ETF comparison · Global core
VWCE vs IWDA: overlap by weight, TER & holdings
Vanguard FTSE All-World UCITS ETF (USD) Accumulating vs iShares Core MSCI World UCITS ETF USD (Acc)
These funds are close substitutes. The difference is not cost, it is the roughly one sixth of VWCE invested in emerging markets that IWDA does not hold.
VWCE also trades as VWRA (LSE (USD)), VWRP (LSE (GBP)).
IWDA also trades as SWDA (LSE (GBP) / Milan), EUNL (Xetra).
VWCE vs IWDA at a glance
| VWCE | IWDA | |
|---|---|---|
| Fund | Vanguard FTSE All-World UCITS ETF (USD) Accumulating | iShares Core MSCI World UCITS ETF USD (Acc) |
| ISIN | IE00BK5BQT80 | IE00B4L5Y983 |
| Index | FTSE All-World | MSCI World |
| Market exposure | Global (developed + emerging) | Developed markets |
| TER | 0.14% | 0.20% |
| Holdings in fund | 3,598 | 1,186 |
| Fund size | ≈ 93.1 bn USD | ≈ 120 bn USD |
| Domicile | Ireland | Ireland |
| Replication | Physical (sampling) | Physical (optimized sampling) |
| Use of income | Accumulating | Accumulating |
| Launched | Jul 23, 2019 | Sep 25, 2009 |
Top shared holdings
| VWCE | IWDA | |
|---|---|---|
| NVDANVIDIA Corp | 4.84% | 5.66% |
| AAPLApple Inc | 4.3% | 5.47% |
| MSFTMicrosoft Corp | 3.54% | 3.86% |
| AMZNAmazon.com Inc | 2.37% | 2.72% |
| GOOGLAlphabet Inc | 1.9% | 2.28% |
| AVGOBroadcom Inc | 1.62% | 1.79% |
| GOOGAlphabet Inc | 1.46% | 1.78% |
| METAMeta Platforms Inc | 1.18% | 1.62% |
| MUMicron Technology Inc | 1.02% | 1.27% |
| TSLATesla Inc | 1.01% | 1.16% |
| JPMJPMorgan Chase & Co | 0.89% | 1.04% |
| LLYEli Lilly & Co | 0.87% | 1.03% |
| AMDAdvanced Micro Devices Inc | 0.72% | 1.01% |
| XOMExxonMobil Holdings Corp | 0.63% | 0.76% |
| ASMLASML Holding NV | 0.61% | 0.71% |
Weights per fund, normalized. 1,071 companies appear in both funds.
What the fee gap costs
Growth of 10,000 invested at 7% annual return, after each fund’s TER: 0.14% for VWCE, 0.20% for IWDA.
| VWCE | IWDA | Difference | |
|---|---|---|---|
| After 10 years | 19,416 | 19,307 | 109 |
| After 20 years | 37,697 | 37,276 | 421 |
| After 30 years | 73,191 | 71,968 | 1,223 |
VWCE comes out ahead by about 1,223 per 10,000 invested over 30 years. TER only. Trading spreads, taxes and broker fees are not included.
Where the portfolios differ
| Region | VWCE | IWDA |
|---|---|---|
| United States | 61.4% | 72.8% |
| Taiwan | 3.3% | 0.0% |
| South Korea | 2.5% | 0.0% |
| Hong Kong | 2.5% | 0.4% |
| India | 1.6% | 0.0% |
Only rows where the two funds differ by at least 1 percentage point.
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 VWCE and IWDA overlap?+
Yes: 82.53% by weight, with 1,071 holdings appearing in both funds. 83.1% of VWCE’s weight is also inside IWDA.
Do VWCE and IWDA track the same index?+
No. VWCE tracks the FTSE All-World while IWDA tracks the MSCI World. The 82.53% overlap comes from companies that both indices include.
Which is cheaper, VWCE or IWDA?+
VWCE: 0.14% per year against 0.20% for IWDA. At 7% growth that gap is worth about 1,223 per 10,000 invested over 30 years.
Is it worth holding both VWCE and IWDA?+
Holding both mostly duplicates exposure: 82.53% of the pair overlaps by weight. Most investors pick one, or combine one of them with a fund covering different markets.
Why does IWDA hold the same companies at higher weights?+
Same companies, smaller universe: IWDA spreads its weight across 1,186 holdings while VWCE holds 3,598, so each shared position takes a larger slice of IWDA.
Is Samsung in both VWCE and IWDA?+
No. FTSE classifies South Korea as a developed market while MSCI classifies it as emerging, so Samsung sits in VWCE but not in IWDA.
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 Sep 18, 2026, from our ETF holdings database.