A simple global market-cap weighted ETF is one of the most robust long-term strategies for most investors. It’s truly a buy-and-hold investment - everything is managed by the fund provider, and many investing platforms allow you to automate monthly purchases effortlessly.

Below, you'll find a list of the most popular All-World ETFs, sorted by TER (total expense ratio) and size. These ETFs cover both developed and emerging markets, so they should not be compared to developed-only ETFs (e.g., MSCI World or Prime Global).

Once you've reviewed the tables, check out the ETF performance comparison page for further insights.

🌱 Investors prioritizing sustainability should look toward European asset managers (AM) such as Amundi, BNP Paribas, and Xtrackers. The responsibility and voting scores on the table below stem from ShareAction analysis.

• 💀 Good to Know: Treaty-weapons exclusions vary by asset manager

| Name (Updated 10/26) | Ticker Acc € | TER | Size $ | Launch | Index coverage | Responsibility score (AM) | Voting score (AM) | ISIN Acc / Dist | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Amundi Prime All Country World | WEBN | 0.07% | 9.3 B | 2024 | 3395 / 3646 93% | C - 50% | 96% | IE0003XJA0J9 IE0009HF1MK9 | | Vanguard FTSE Global All-Cap | VGLA VALL | 0.07% | 2.7 B | 2026 | 6429 / 10139 63% | E - 6% | 0% | IE000VAHT5T0 IE000CVUM3N6 | | Xtrackers FTSE All-World | ALLW | 0.07% | 0.2 B | 2026 | 2325 / 4265 55% | C - 40% | 93% | IE000L6ZMMC4 | | SPDR MSCI All Country World | SPYY ACWE | 0.12% | 22 B | 2011 | 2268 / 2461 92% | E - 13% | 10% | IE00B44Z5B48 | | iShares MSCI ACWI Swap | ACSW | 0.12% | 92 Mil | 2026 | N/A - Swap | E - 15% | 5% | IE000CYC2B65 | | BNP Paribas Easy MSCI ACWI | EEAB | 0.12% | 70 Mil | 2026 | N/A - Swap | B - 69% | 97% | LU3243907741 | | iShares FTSE All World | FTSS | 0.12% | 40 Mil | 2026 | 2504 / 4265 58% | E - 15% | 5% | IE00097WZHZ9 | | Vanguard FTSE All-World | VWCE | 0.14% | 87 B | 2012 | 3799 / 4265 89% | E - 6% | 0% | IE00BK5BQT80 IE00B3RBWM25 | | Invesco FTSE All-World | FWIA FWRA | 0.15% | 5.3 B | 2023 | 2291 / 4265 54% | E - 12% | 9% | IE000716YHJ7 IE0000QLH0G6 | | Scalable MSCI AC World Xtrackers | SCWX | 0.15% | 0.9 B | 2024 | N/A hybrid replication | C - 40% | 93% | LU2903252349 | | SPDR MSCI ACWI IMI | SPYI IMIE | 0.17% | 9.4 B | 2011 | 4967/ 8216 60% | E - 13% | 10% | IE00B3YLTY66 | | iShares MSCI ACWI | IUSQ ISAC | 0.20% | 37 B | 2011 | 1702 / 2461 69% | E - 15% | 5% | IE00B6R52259 | | Vanguard ESG Global All Cap | V3AA | 0.24% | 1.9 B | 2021 | 5621 / 8293 68% | E - 6% | 0% | IE00BNG8L278 | | Amundi MSCI All Country World | LYY0 ACWI | 0.45% | 3 B | 2011 | N/A - Swap | C - 50% | 96% | LU1829220216 |

All the choices above are safe bets. The risk of picking "the wrong one" is low, since they all hold effectively the same global portfolio, but the fee, coverage, and stewardship differences between them do compound into measurable outcomes over decades, as the example below shows. Although, the most important thing is to start investing - if the decision is hard, you can split the savings into multiple All-World ETFs, especially if your broker does not take fees from savings plan.

Case example: You invest 500 € per month for 30 years. Option 1 makes 7%, and Option 2 makes 7.2% per year on average. In the end you have nearly 25 000€ more with Option 2 (609 985 € vs 634 613€). This shows that minor differences matter in the long run.

Below is a table listing the pros and cons of each ETF. Under each name, you will find all available tickers for accumulating and distributing versions in various currencies. The first flag represents the country where the asset manager's headquarters is located, and the second flag indicates the location of the index company's headquarters.

Acc: WEBN € WEBQ $ Dist: WEBG € PACW £ WEBK £ WEBJ $

🇪🇺 🇫🇷 🇩🇪 | ✅ Pros: • The on-par cheapest All-World ETF in European markets. • Uses an index from Solactive (a German provider), while competitors use MSCI or FTSE. • Amundi is Europe’s largest asset manager, giving it strong credibility. • Amundi has a clear track record voting for sustainability initiatives in shareholder meetings. • Highest index coverage, 99.63% of the index per weight.

❌ Cons: • After Amundi’s acquisition of Lyxor there were multiple ETF changes (TER adjustments, domicile shifts, and fund mergers) in 2022 - 2024. | For investors prioritizing the lowest TER combined with an established track record, this is a strong default - leading index coverage among physical-replication funds, largest fund size in its price tier, and over two years of live performance.

Other options remain worth considering if you weight index-provider familiarity (MSCI/FTSE vs. Solactive). | | Vanguard FTSE Global All-Cap 0.07%

Acc: VGLA € VALL €£$ VALU $ Dist: VGLD € VALLD €$ VACD $

🇺🇸 🇬🇧 | ✅ Pros: • Tracks the largest index universe; actual held-constituent count not yet disclosed, consistent with the fund's very early stage**,** no need to pair with a separate small-cap ETF. • Cheapest tier at 0.07%, matching Amundi/Xtrackers and half VWCE's 0.14% for essentially the same exposure plus small caps.

❌ Cons: • No tracking history yet. • Full small-cap inclusion is unscreened: research on the size premium finds it's concentrated in low-profitability names, so some of the added stocks fall into that historically weaker segment. • Vanguard has the weakest stewardship record of any major asset manager (ShareAction: last of 70 on voting, grade E overall). | At 0.07% with the broadest coverage on this page (~10,100 stocks, full small-cap inclusion), VALL sits in the same cost tier as Amundi and Xtrackers' all-cap offerings, with marginally wider index reach than both.

The small-cap inclusion carries the profitability-screening caveat noted in the cons - not a flaw specific to this fund, but a property of the index construction shared by any unscreened all-cap or IMI tracker.

Note that the bottom 3000 stocks weight about 2% of the fund. | | XtrackersFTSE All-World 0.07%

Acc: ALLW €$ ALLG £

🇩🇪 🇬🇧 | ✅ Pros: • The Cheapest FTSE All-World ETF in the markets and also on-par cheapest fund. • European asset manager with solid responsibility scores (40%). • FTSE index has +4200 constituents, giving very wide global coverage, including some small caps.

❌ Cons: • Brand‑new ETF (2026) with very small seed capital → spread is not most optimal. • No long-term tracking history. • Needs time to build liquidity and secondary‑market depth. | If you want the cheapest FTSE All‑World ETF from a European asset manager, this is now a solid option. Just keep an eye on issued shares and AUM growth - once they start rising, it signals the fund is gaining real traction and spreads will tighten.

Not ideal to pair with a dedicated small-cap ETF, as some small caps are already included. | | SPDR MSCI All Country World 0.12%

Acc: SPYY € ACWI £ ACWE € ACWD $

🇺🇸 | ✅ Pros: • Fee cut from 0.40% → 0.12% (Aug 2024) makes it highly competitive. • SPDR (State Street) is a top-tier US asset manager.

❌ Cons: • Not the cheapest: 0.07% (Amundi and Xtrackers) vs. 0.12% (SPDR) is a 71% relative difference, which adds up over decades. • Tracking difference in the past is not extremely consistent. • SPDR has a record voting against sustainability initiatives. | If you value MSCI branding, liquidity, and a proven fund provider, this is a good option. However, if cost efficiency and sustainability is your #1 priority, there are better alternative. | | iShares MSCI ACWI Swap 0.12%

Acc: ACSW €$

🇺🇸 | ✅ Pros: • The on-par cheapest swap-based All-World ETF.

❌ Cons: • Brand new ETF with minor seed investment, the spread will be large until the fund has more shareholders. • Asset Manager has poor responsibility scores. • Listed only on Borsa Italiana with EUR. | If you prefer swap-based replication and Blackrock - this might be a good choice.

I recommend following the amount of issued shares, if it starts to grow, then the fund is getting customers. | | BNP Paribas Easy MSCI ACWI 0.12%

Acc: EEAB € ALLCE €

🇫🇷 🇺🇸 | ✅ Pros: • The on-par cheapest swap-based All-World ETF in the markets by a responsible French Asset Manager.

❌ Cons: • Brand new ETF with minor seed investment, the spread will be large until the fund has more shareholders. • After the first year, the TER will increase to 0.12%, which makes the performance tracking harder. | If you prefer swap-based replication and European Asset Manager - this might be a good choise.

I recommend following the amount of issued shares, if it starts to grow, then the fund is getting customers. | | iShares FTSE All World 0.12%

Acc: FTSS € FTAW €£$

🇺🇸 🇬🇧 | ✅ Pros: • Second cheapest FTSE All-World ETF in the markets. • FTSE All-World index includes large, mid, and some small caps, offering broader diversification than MSCI ACWI. • World largest asset manager.

❌ Cons: • Brand new ETF with minor seed investment, the spread will be large until the fund has more shareholders. • Asset Manager has poor responsibility scores. • Not ideal to pair with a dedicated small-cap ETF, as some small caps are already included. | This is a FTSE All-World ETF by the world's largest asset manager, but not has gained attraction compared to the Xtrackers version released also in spring 2026.

I recommend following the amount of issued shares, if it starts to grow, then the fund is getting customers.

Xtrackers ALLW is growing quicker than this. | | Vanguard FTSE All-World 0.14%

Acc: VWCE € VWRP £ VWRA $ Dist: VWRL € VGWL €£ VWRD $

🇺🇸 🇬🇧 | ✅ Pros: • Managed by Vanguard, the world’s second largest and reputable asset manager. • Long tracking history, making it a proven choice for investors. • Excellent diversification with ~3,800+ stocks held directly (the highest actual constituent coverage among FTSE All-World ETFs).

❌ Cons: • Higher TER relative to newer alternatives: Despite the drop from 0.19% to 0.14%, newer entrants like iShares (FTSS at 0.12%) and Xtrackers (ALLW at 0.07%) offer lower explicit expense ratios. • US-centric Ownership Structure: Vanguard is fully owned by its American mutual funds, which may prioritize U.S. investors over foreign customers. • Stewardship & Responsibility: Lower asset manager sustainability and engagement voting scores compared to some European peers | While Vanguard VWCE is not the absolute cheapest FTSE All-World option, its fee cut to 0.14% closes the gap significantly against newer competitors. Its massive AUM, liquidity, and tight bid-ask spreads ensure it remains a premier benchmark fund.

Note on Small-Cap Overlap: Not ideal to pair with a dedicated small-cap ETF since it already holds some upper small-cap names (~470 overlapping stocks with IUSN and ~40 with AVWS as of Apr 2026). | | Invesco FTSE All-World 0.15%

Acc: FWIA € FWRA €$ FWRG £ FTWD €$ FTWG £

🇺🇸 🇬🇧 | ✅ Pros: • Strong Liquidity & Scale: Offers higher AUM and superior liquidity compared to new entrants like iShares (FTSS) and Xtrackers (ALLW). • Index Design: FTSE All-World index includes large, mid, and some upper small-caps, offering broader fundamental diversification than standard MSCI ACWI. • Competitive Execution: Strong tracking performance since its 2023 inception.

❌ Cons: • Most Expensive FTSE Option: Following Vanguard's TER cut to 0.14%, Invesco (0.15%) is now the most expensive FTSE All-World ETF in this category (vs. iShares at 0.12% and Xtrackers at 0.07%). **** • Higher Spreads vs. VWCE: Smaller overall fund size compared to Vanguard VWCE results in slightly wider (~0.01–0.02%) bid-ask spreads. • Small-Cap Overlap: Inherits the same FTSE All-World universe properties, making dedicated small-cap add-ons partially redundant. • Stewardship & Responsibility: Asset manager holds lower stewardship/ESG voting scores relative to European ESG leaders. | Previously the primary low-cost challenger to VWCE, Invesco’s 0.15% TER is now positioned as the highest fee among FTSE All-World UCITS options following Vanguard’s drop to 0.14% and lower-cost launches from iShares (0.12%) and Xtrackers (0.07%). However, it remains a reliable, liquid mid-tier option if you prefer a established fund size over newer, low-AUM funds.

Winter 2027 shows if Invesco reacts to the new situation and cuts its fees. In 2023, when this was released, it was the cheapest all-world ETF in the markets. | | Scalable MSCI AC World Xtrackers 0.15%

Acc: SCWX €£$

🇩🇪 🇺🇸 | ✅ Pros: • Unique hybrid replication strategy: Swap-based replication for US/Emerging/and partly EXUS markets, physical replication for developed markets - potential tax efficiency boost.

❌ Cons: • Uncertain for truly long-term performance due to the complex hybrid structure (swap-based sub-ETFs + direct stocks). | The tracking has been consistent within the first 18 months of the fund's existence, so this is a solid choice from a European Asset Manager. Note the TER was reduced for the first 16 months, meaning the tracking difference can change. | | SPDR MSCI All Country World Investable Market 0.17%

Acc: SPYI € IMIE € IMID $

🇺🇸 | ✅ Pros: • Covers ~97% of the investable market (large/mid/small caps) with years of live trading history and audited tracking data. • Deepest liquidity and largest AUM of the broadest-coverage options on this page.

❌ Cons: • More expensive than the alternatives; 0.17% vs. 0.07% for VALL's broader coverage, or 0.14% for VWCE. • VALL now covers more of the market (~10,100 stocks vs. SPYI's IMI ~97%) at under half the cost — SPYI's "only full-coverage option" case no longer holds. • Full small-cap inclusion is unscreened, same caveat as VALL: some of the added stocks fall into the low-profitability segment the size-premium literature flags as weaker. • SPDR has a record voting against sustainability initiatives. | Not recommended at current TER: 0.17% is the highest cost on this page for full-coverage exposure, with no offsetting advantage in tracking quality.

Performance has not been optimal, with tracking difference historically wider than peers.

Could become attractive again if State Street cuts fees to match the 0.07% tier now set by VALL, Amundi, and Xtrackers; until then it's hard to justify over cheaper full-coverage or large/mid-cap alternatives on this page. | | iShares MSCI ACWI 0.20%

Acc: IUSQ € ISAC €$ SSAC £$

🇺🇸 | ✅ Pros: • Managed by BlackRock, the world’s largest asset manager.

❌ Cons: • 67 % more expensive than SPDR MSCI ACWI (SPYY). • No clear advantage over cheaper alternatives. • Asset Manager has poor responsibility scores. | Since cheaper alternatives exist with similar exposure, I wouldn’t allocate new funds to this ETF. | | Vanguard ESG Global All Cap 0.24%

Acc: V3AA €

🇺🇸 🇬🇧 | ✅ Pros: • Managed by Vanguard, one of the world’s largest and most reputable asset managers. • Broad diversification with ~5600 stocks across global markets.

❌ Cons: • Expensive. • Vanguards responsibility and voting scores are quite bad, so it is little conflicting to have ESG exclusion fund with non-ESG focused Asset Manager. | If you feel ESG exclusions are important for you, this is a good choice. | | Amundi MSCI All Country World 0.45%

Acc: ACWI € LYY0 €

🇫🇷 🇺🇸 | ✅ Pros: • Swap-based replication method can offer tax efficiency benefits. • Historically outperformed iShares Core MSCI World (IUSQ) due to swap structure advantages.

❌ Cons: • TER is too high, making it uncompetitive. | Not recommended at current TER. Could become attractive if the fees are reduced. Performance is not optimal. |