VWCE vs IWDA
The two products in full comparison: facts, key differences and what to look out for.
Key differences
- VWCE has the lower annual cost: 0.19% versus 0.20% for IWDA.
- They track different indices: FTSE All-World (VWCE) versus MSCI World (IWDA).
- IWDA is significantly larger: ~€126bn versus ~€45bn.
- IWDA is the older of the two (2009 versus 2019).
Facts compared
| VWCE | IWDA | |
|---|---|---|
| Full name | Vanguard FTSE All-World UCITS ETF (USD) Accumulating | iShares Core MSCI World UCITS ETF USD (Acc) |
| Ticker | VWCE · VWRA | IWDA · EUNL · SWDA |
| Index | FTSE All-World | MSCI World |
| TER (annual cost) | 0.19% | 0.20% |
| Fund size (approx.) | ~€45bn | ~€126bn |
| Replication | Physical (sampling) | Physical (sampling) |
| Distributions | Accumulating | Accumulating |
| Domicile | Ireland | Ireland |
| Base currency | USD | USD |
| Launch year | 2019 | 2009 |
| ISIN | IE00BK5BQT80 | IE00B4L5Y983 |
What to look out for
The community's most common question: the whole world or developed markets only? VWCE includes emerging markets (about 3,700 stocks) while IWDA sticks to 23 developed countries (about 1,400). After Vanguard's fee cut, VWCE is now marginally cheaper too (0.19% vs 0.20%).
IWDA counters with its enormous size. If you want one ETF for everything, look at VWCE; if you prefer to control emerging-markets exposure separately, IWDA pairs naturally with an EM ETF such as EIMI.
VWCE
Vanguard FTSE All-World UCITS ETF (USD) Accumulating
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IWDA
iShares Core MSCI World UCITS ETF USD (Acc)
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Data as of 2026-08. Refreshed periodically. This content is for information only and is not investment advice or a recommendation. Verify the official documents (KID/prospectus) with the provider before any decision.