VWCE vs VWRL
The two products in full comparison: facts, key differences and what to look out for.
Key differences
- Both cost the same per year: 0.14%.
- They track the same index: FTSE All-World.
- VWCE is significantly larger: ~€50.1bn versus ~€23.5bn.
- VWCE automatically reinvests dividends, while VWRL pays them out.
- VWRL is the older of the two (2012 versus 2019).
Facts compared
| VWCE | VWRL | |
|---|---|---|
| Full name | Vanguard FTSE All-World UCITS ETF (USD) Accumulating | Vanguard FTSE All-World UCITS ETF (USD) Distributing |
| Ticker | VWCE · VWRA | VWRL · VGWL |
| Index | FTSE All-World | FTSE All-World |
| TER (annual cost) | 0.14% | 0.14% |
| Fund size (approx.) | ~€50.1bn | ~€23.5bn |
| Replication | Physical (sampling) | Physical (sampling) |
| Distributions | Accumulating | Distributing |
| Domicile | Ireland | Ireland |
| Base currency | USD | USD |
| Launch year | 2019 | 2012 |
| ISIN | IE00BK5BQT80 | IE00B3RBWM25 |
What to look out for
Same fund, two temperaments: VWCE automatically reinvests dividends (accumulating) while VWRL pays them out quarterly (distributing). Index, cost and portfolio are identical.
The choice is about goals and taxation: for long-term accumulation VWCE's automatic reinvestment fully harnesses compounding; if you want regular income, VWRL distributes without you having to sell shares. See our detailed Accumulating vs Distributing article.
VWCE
Vanguard FTSE All-World UCITS ETF (USD) Accumulating
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VWRL
Vanguard FTSE All-World UCITS ETF (USD) Distributing
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Data as of September 2026, 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.