Is XDWD worth it for its lower TER?
It saves 0.08 points a year in ongoing charges. Whether that shows up in returns depends on each fund's actual tracking difference.
IWDA vs XDWD: the MSCI World from iShares and Xtrackers
IWDA and XDWD track the same index, the 23-country developed-market MSCI World, with physical sampling and an accumulating policy. The issuer, annual cost and size differ.
Data side by side
| Data side by side | IWDA | XDWD |
|---|---|---|
| ISIN | IE00B4L5Y983 | IE00BJ0KDQ92 |
| Issuer | iShares | Xtrackers |
| Index | MSCI World | MSCI World |
| Dividends | Accumulating (reinvests) | Accumulating (reinvests) |
| Ongoing charges (TER) | 0.20% | 0.12% |
| Replication | Physical, sampling | Physical, sampling |
| Number of holdings | 1,252 | 1,454 |
| Domicile | Ireland | Ireland |
| Launch date | 25 September 2009 | 22 July 2014 |
| Fund base currency | USD | USD |
| Listing used on this page | IWDA.AS (EUR) | XDWD.DE (EUR) |
Market data compared
| Market data compared | IWDA | XDWD |
|---|---|---|
| 1-year return | 18.4% | 18.4% |
| 2-year return | 30.5% | 30.5% |
| Annualised volatility | 14.1% | 14.3% |
| Maximum drawdown (2 years) | -21.6% | -21.6% |
- Correlation of daily returns IWDA–XDWD: 1.00
Daily closes from Yahoo Finance in euros (IWDA.AS, XDWD.DE), data as of 23 October 2026. Past performance does not guarantee future results.
Two-year performance (base 100, in euros)
XDWD charges a 0.12% TER against IWDA's 0.20%. IWDA is much larger and more traded. As the portfolio is the same, their daily correlation is almost perfect and the return gap depends mainly on costs and on how efficiently each issuer tracks the index.
Frequently asked questions
Do they hold the same portfolio?
They track the same index by sampling, so holdings are almost identical, though not exactly the same.
Does either include emerging markets?
No. Both track the MSCI World, developed markets only.