SSAC vs VWCE.
SSAC and VWCE don't track the same index. Here's what each actually holds, then the fee, domicile and structure side by side. I show you the difference; you decide how much of the world you want to own.
One thing to know up front: SSAC and VWCE track different indices (MSCI ACWI and FTSE All-World) but almost the same slice of the world (developed + emerging). In practice the coverage is near-identical; what's left to weigh is index methodology, cost and structure, below.
The fee, and what it costs
The fee alone, priced on a €100,000 lump over thirty years at a steady 6% real return. Your own numbers: run them through The Tracking Gap
Where they differ
| Dimension | SSAC | VWCE |
|---|---|---|
| Fee (TER) | 0.20% | 0.19% |
| Size | €30bn | €45bn |
Where they match
- Domicile 🇮🇪 Ireland
- Structure Physical (sampled)
- Income Accumulating
- Securities lending Yes
The honest notes
SSAC
iShares MSCI ACWI UCITS ETF (Acc)
The largest whole-world ACWI fund.
Vs its own index (MSCI ACWI) +0.15% a year
VWCE
Vanguard FTSE All-World UCITS ETF (Acc)
The most popular All-World fund: optimised sampling, so it holds most of the index's ~4,300 names rather than every one.
Vs its own index (FTSE All-World) +0.02% a year
Each drift is measured against that fund’s own index, from trackingdifferences.com, so they aren’t a head-to-head: negative means the fund beat its index.
Checked July 2026
The structural facts (fee, domicile, structure, size) are each fund’s own, from its factsheet or KID, checked and cited. The returns come from justETF, a reputable ETF data service, so every fund is measured to the same date on the same basis: the only honest way to compare them. The tracking difference (how each fund actually did against its own index) comes from trackingdifferences.com, the standard European source. I don’t compute any of it myself, and there are still no affiliate links.
No affiliate links. No paywall. Nothing on this page is for sale, and no broker pays me to rank one fund above another. The neutrality is the whole point.
Structural facts from the funds’ own reports, returns via justETF, tracking via trackingdifferences.com. Not a recommendation, and I’m not a licensed adviser. Past returns are not a guide to future ones. Which fund suits you depends on your broker, your account and your country’s tax. Not advice.
Bring me a challenge.
The Exit Audit, then ninety minutes: a straight verdict, real alternatives with their pros and cons, and your first move. If you want someone to nod along, I’m the wrong person to pay.
Ninety minutes, online, €600. The Exit Audit included.