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). These ETFs cover both developed and emerging markets, so they should not be compared to developed-only ETFs (e.g., MSCI World).
Once you've reviewed the tables, check out the ETF performance comparison page for further insights.
🌱 Note that if sustainability matters to you, you should invest in European Asset Managers (AM) funds (Amundi, BNP Paribas and Xtrackers).
| Name (Updated 5/2026) | Ticker Acc € | TER | Voting score (AM) | Responsibilityscore (AM) | Size $ | Launch | Index coverage | ISIN Acc / Dist | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | BNP Paribas Easy MSCI ACWI | EEAB | 0.06 % | 97 % | B - 69 % | 30 Mil | 2026 | N/A - Swap | LU3243907741 | | Amundi Prime All Country World | WEBN | 0.07 % | 96 % | C - 50 % | 6.3 B | 2024 | 3395 / 3583 95 % | IE0003XJA0J9 IE0009HF1MK9 | | SPDR MSCI All Country World | SPYY ACWE | 0.12 % | 10 % | E - 13 % | 13 B | 2011 | 2272 / 2515 90 % | IE00B44Z5B48 | | Xtrackers FTSE All-World | ALLW | 0.12 % | 93 % | C - 40 % | 16 Mil | 2026 | 1685 / 4262 40 % | IE000L6ZMMC4 | | Invesco FTSE All-World | FWIA FWRA | 0.15 % | 9 % | E - 12 % | 3.7 B | 2023 | 2317 / 4262 54 % | IE000716YHJ7 IE0000QLH0G6 | | SPDR MSCI All Country World Investable Market | SPYI IMIE | 0.17 % | 10 % | E - 13 % | 5.9 B | 2011 | 4592 / 8252 56 % | IE00B3YLTY66 | | Scalable MSCI AC World Xtrackers | SCWX | 0.17 % | 93 % | C - 40 % | 0.6 B | 2024 | N/A hybrid replication | LU2903252349 | | Vanguard FTSE All-World | VWCE | 0.19 % | 0 % | E - 6 % | 66 B | 2012 | 3771 / 4262 88 % | IE00BK5BQT80 IE00B3RBWM25 | | iShares MSCI ACWI | IUSQ ISAC | 0.20 % | 5 % | E - 15 % | 32 B | 2011 | 1771 / 2515 70 % | IE00B6R52259 | | Vanguard ESG Global All Cap | V3AA | 0.24 % | 0 % | E - 6 % | 1.6 B | 2021 | 5559 / 8320 70 % | IE00BNG8L278 | | Amundi MSCI All Country World | LYY0 ACWI | 0.45 % | 96 % | C - 50 % | 2.3 B | 2011 | N/A - Swap | LU1829220216 |
All the choices above are safe bets, and the changes in return are minimal. However, the minimal changes accumulate over time, and therefore it is still important to select the right one. 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.
| Name | Pros & Cons | Verdict |
|---|---|---|
| BNP Paribas Easy MSCI ACWI |
EEAB € ALLCE €
🇫🇷 🇺🇸 | ✅ Pros: The cheapest swab-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. | If you want the cheapest All-World ETF by an European Asset Manager - 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. | | Amundi Prime All Country World
WEBN € WEBQ $ WEBG € PACW £ WEBK £ WEBJ $
🇪🇺 🇫🇷 🇩🇪 | ✅ Pros: The cheapest physical All-World ETF in European markets. Uses an index from Solactive (a German provider), while most 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.
❌ Cons: After Amundi’s acquisition of Lyxor there were multiple ETF changes (TER adjustments, domicile shifts, and fund mergers) in 2022 - 2024. | For European investors who want an ultra-low-cost All-World ETF, Amundi Prime All Country World (TER 0.07%) is the best option. While it lacks long-term tracking data, Amundi’s size and expertise make it a solid bet. The only reason to choose older alternatives would be if you prioritize a longer track record or higher liquidity over cost savings. | | SPDR MSCI All Country World
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, known for managing SPY (the world’s largest ETF). MSCI ACWI index is the most widely followed global index, making it a more "standard" choice than Amundi's Solactive-based index. More trading volume & liquidity than newer, smaller ETFs.
❌ Cons: Not the cheapest: 0.07% (Amundi) 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. | A strong choice for European investors who prefer a well-established index (MSCI ACWI) and a reputable US asset manager (SPDR) over the absolute lowest cost and sustainability matters. If you value MSCI branding, liquidity, and a proven fund provider, SPDR MSCI ACWI (0.12%) is an excellent option. However, if cost efficiency and sustainability is your #1 priority, Amundi (0.07%) remains the better alternative, since the Asset Manager has poor responsibility scores. | | Xtrackers FTSE All-World
ALLW €
🇩🇪 🇬🇧 | ✅ Pros: Cheapest FTSE All-World ETF in the markets.
❌ Cons: Brand new ETF with minor seed investment, the spread will be large until the fund has more shareholders. | If you want the cheapest FTSE All-World ETF by an European Asset Manager - 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. | | Invesco FTSE All-World
FWIA € FWRA €$ FWRG £ FTWD €$ FTWG £
🇺🇸 🇬🇧 | ✅ Pros: Strong competitor to Vanguard VWCE, with better recent performance. FTSE All-World index includes large, mid, and some small caps, offering broader diversification than MSCI ACWI. Lower TER than Vanguard's VWCE.
❌ Cons: Smaller AUM & lower liquidity compared to Vanguard VWCE, meaning slightly wider bid-ask spreads. Not ideal to pair with a dedicated small-cap ETF, since some small caps are already included. | If you prefer ETFs tracking FTSE All-World, this is a better pick than Vanguard VWCE due to its recent outperformance and competitive fees. However, for investors who prioritize liquidity and fund size, Vanguard VWCE remains the safer, more established choice. Asset Manager has poor responsibility scores. | | SPDR MSCI All Country World Investable Market
SPYI € IMIE € IMID $
🇺🇸 | ✅ Pros: Covers 99% of the investable market, including large, mid, and small caps - the broadest option available. Highest number of stocks in a single ETF, providing extreme diversification. SPDR is a reputable American asset manager with a strong ETF track record. Broad diversification with ~4600 stocks across global markets.
❌ Cons: More expensive than some alternatives. Tracking difference could be better, possibly due to historically higher TER and index tracking inefficiencies. Might not be the most cost-effective choice - pairing an All-World ETF with a dedicated Small Cap ETF could achieve similar exposure at a lower cost. SPDR has a record voting against sustainability initiatives. | A solid choice for investors who want maximum market coverage with a single ETF and a set-it-and-forget-it approach against sustainability initiatives. However, cost-conscious investors may prefer a separate All-World + Small Cap ETF combination for better efficiency. Asset Manager has poor responsibility scores. | | Scalable MSCI AC World Xtrackers
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. Temporary TER discount (0.08% until Dec 2025), making it competitive in the short term.
❌ 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 15 months of the fund's existence, so this is a solid choice from a European Asset Manager. | | Vanguard FTSE All-World
VWCE € VWRP £ VWRA $ VWRL € VGWL €£ VWRD $
🇺🇸 🇬🇧 | ✅ Pros: Managed by Vanguard, one of the world’s largest and most reputable asset managers. Long tracking history, making it a proven choice for investors. Broad diversification with ~3800 stocks across global markets.
❌ Cons: More expensive than Invesco FTSE All-World (FWIA). No significant advantage over cheaper alternatives. Vanguard is fully owned by its American mutual fund owners. Usually, a company looks more after its owner base than foreign customers. | While Vanguard VWCE is a strong ETF, it is not the most cost-effective option anymore. Invesco FTSE All-World (FWIA) offers similar exposure at a lower cost, making it the better choice for new investments. Not ideal to pair with a dedicated small-cap ETF, since some small caps are already included, in Apr 2026, VWCE had approximatel 470 stocks in common with IUSN, and +121 stocks / +10% with AVWS. Asset Manager has poor responsibility scores. | | iShares MSCI ACWI
IUSQ € ISAC €$ SSAC £$
🇺🇸 | ✅ Pros: Managed by BlackRock, the world’s largest asset manager. Large ETF with strong liquidity and broad global exposure.
❌ Cons: More expensive than SPDR MSCI ACWI (SPYY) - 67% relatively more expensive. No clear advantage over cheaper alternatives. | Since cheaper alternatives exist with similar exposure, I wouldn’t allocate new funds to this ETF. Instead, SPDR MSCI ACWI (SPYY) or Amundi Prime All Country World (WEBN) offer a more cost-effective choice. Asset Manager has poor responsibility scores. | | Vanguard ESG Global All Cap
V3AA €
🇺🇸 🇬🇧 | ✅ Pros: Managed by Vanguard, one of the world’s largest and most reputable asset managers. Long tracking history, making it a proven choice for investors. Broad diversification with ~5600 stocks across global markets.
❌ Cons: Quite 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
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 compared to cheaper physical replication alternatives. Swap replication should theoretically result in lower fees, yet Amundi has kept costs high. | Not recommended at current TER. Could become attractive if the fees are reduced. Performance is not optimal. |