VWCE vs VWRL.
VWCE or VWRL, tracking the same index? The fee, the domicile, the structure, and how far each drifts from the index. Side by side, verified, with no crowned winner.
The fee, and what it costs
The fee alone, priced on a €100,000 lump over thirty years at a steady 6% real return. Same-index funds track almost identically, so on one index this fee gap is close to the whole story. Your own numbers: run them through The Tracking Gap
Where they differ
| Dimension | VWCE | VWRL |
|---|---|---|
| Income | Accumulating | Distributing |
| Size | €45bn | €23bn |
| Vs its index, per year | +0.02% | −0.02% |
Where they match
- Fee (TER) 0.19%
- Domicile 🇮🇪 Ireland
- Structure Physical (sampled)
- Securities lending Yes
“Vs its index” is each fund’s average yearly tracking difference against its own index, from trackingdifferences.com; negative means it beat its index.
The honest notes
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.
VWRL
Vanguard FTSE All-World UCITS ETF (Dist)
The original All-World, from 2012: the same fund as VWCE, but it pays its dividends out each quarter.
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.
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