One-fund all-world (accumulating)
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A single global equity ETF covering developed and emerging markets. Dividends are reinvested inside the fund.
Target weights
- 100% All-world equity
Returns over a period you choose
Set the same months and currency as your bank or broker statement to compare like with like. Month-end data; last month-end Sep 2026.
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The variant is the base currency the fund set is built for (bonds hedged to that currency where a hedged class exists; it is the same switch as “Base currency” further down). Show returns in only changes the currency the result is measured in, for example a USD-variant portfolio seen by a CHF investor.
Calendar-year returns in the period (partial years marked with their number of months)
Simulated past performance. These figures are back-tested from month-end prices of proxy ETFs (listed below), not the record of a real account, and past performance is no guarantee of future results. They include each proxy ETF's ongoing charges (already in its price) and reinvested distributions, and assume monthly rebalancing to the target weights. They are before trading costs, bid-ask spreads, platform, custody or advisory fees, FX conversion costs and your taxes. Currency conversion uses Yahoo Finance month-end FX rates. Returns are time-weighted, for a single amount invested at the start; a bank statement that includes deposits or withdrawals may show a money-weighted return, which can differ. The first month with a return for this portfolio is Nov 2011 in every variant. How periods and currency conversion work. Information only, not advice.
Historical risk statistics
Derived at build time from month-end prices of proxy ETFs (listed below), converted to each base currency, rebalanced monthly. CAGR = compound annual growth rate. Volatility = annualised standard deviation of monthly returns. Max drawdown = largest peak-to-trough fall in month-end value (falls within a month were deeper). These are historical facts about proxies, not forecasts, after fund fees (already in ETF prices), before broker costs and taxes. The history funds have a weighted TER of 0.20% (USD, EUR, GBP, SGD, CHF); the cheapest eligible funds listed below can cost less, and would then have returned roughly the TER difference more per year. Why.
| Base | Window (longest common) | CAGR | Volatility | Max drawdown (month-end) | Worst calendar year | Best calendar year | Common window* |
|---|---|---|---|---|---|---|---|
| USD | 2011-11 – 2026-09 14.9 yrs · trough 2022-09 | 11.0% | 13.4% | -24.3% | -18.2% (2022) | 25.8% | 2019-03 → CAGR 13.2%, vol 15.1%, max DD (month-end) -24.3% |
| EUR | 2011-11 – 2026-09 14.9 yrs · trough 2020-03 | 12.7% | 12.4% | -19.4% | -13.1% (2022) | 29.1% | 2017-12 → CAGR 12.0%, vol 13.4%, max DD (month-end) -19.4% |
| GBP | 2011-11 – 2026-09 14.9 yrs · trough 2020-03 | 12.5% | 11.3% | -15.5% | -8.4% (2022) | 29.8% | 2017-12 → CAGR 11.6%, vol 12.0%, max DD (month-end) -15.5% |
| SGD | 2011-11 – 2026-09 14.9 yrs · trough 2022-09 | 11.2% | 11.3% | -19.8% | -18.7% (2022) | 28.5% | 2019-03 → CAGR 12.4%, vol 12.6%, max DD (month-end) -19.8% |
| CHF | 2011-11 – 2026-09 14.9 yrs · trough 2020-03 | 10.8% | 13.2% | -21.0% | -17.3% (2022) | 26.2% | 2018-05 → CAGR 9.5%, vol 14.6%, max DD (month-end) -21.0% |
*Common window = the period over which every core (non-multi-asset) portfolio has data in that base currency (USD from 2019-03, EUR from 2017-12, GBP from 2017-12, SGD from 2019-03, CHF from 2018-05). Use it for like-for-like comparison. A specialty portfolio whose proxies start later shows its own (later) start date here. Data: Yahoo Finance daily adjusted close prices via the open-source yfinance library, downloaded at build time. Only derived statistics are published. Last month-end used: 2026-09-30.
Proxies used for the statistics
| Building block | USD | EUR | GBP | SGD | CHF |
|---|---|---|---|---|---|
| All-world equity | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% | iShares MSCI ACWI UCITS ETF (USD, LSE) ISAC.L · TER 0.20% |
ETF options for each building block
The base currency changes the statistics and which exchange line is shown first (for example SIX in CHF, Xetra in EUR, London in GBP or USD). It does not change the fund: every line of an ETF is the same fund. ETFs with no line trading in your base currency are still listed, marked, and placed after those that have one. Base, fund and trading currency explained.
For each slot we list every ETF in our curated list that matches your filters. The order is neutral: lowest TER first, then larger share-class size, then longer track record. Being listed first is not a recommendation. Check the issuer documents (KID, prospectus) and your broker's availability before acting.
100% · Global all-world equity
| # | ETF | TER | Type | Share-class size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| Amundi Prime All Country World UCITS ETF DistIE0009HF1MK9 · Amundi · Ireland | 0.07% | DistributingPhysical | EUR 5.2bnas of 2026-10-27 | 2024-02 | WEBG (SIX, USD)WEBJ (Xetra, USD) · WEBG (SIX, CHF) · WEBG (Xetra, EUR) · WEBK (Xetra, GBP) · PACW (LSE, GBP) | |
| Amundi Prime All Country World UCITS ETF AccIE0003XJA0J9 · Amundi · Ireland | 0.07% | AccumulatingPhysical | EUR 3.4bnas of 2026-10-27 | 2024-06 | WEBQ (Xetra, USD)WEBN (Xetra, EUR) · WEBN (Borsa Italiana, EUR) | |
| Xtrackers FTSE All-World UCITS ETF 1CIE000L6ZMMC4 · Xtrackers (DWS) · Ireland | 0.07% | AccumulatingPhysical (sampled) | EUR 183mas of 2026-10-27 | 2026-04 | ALLW (LSE, USD)XALL (SIX, CHF) · ALLW (Xetra, EUR) · ALLG (LSE, GBP) · ALLW (Borsa Italiana, EUR) | |
| Vanguard FTSE All-World UCITS ETF (USD) AccumulatingIE00BK5BQT80 · Vanguard · Ireland | 0.14% | AccumulatingPhysical | EUR 55.2bnas of 2026-10-27 | 2019-07 | VWRA (LSE, USD)VWRA (SIX, CHF) · VWCE (Xetra, EUR) · VWRP (LSE, GBP) · VWCE (Borsa Italiana, EUR) · VWCE (Euronext AMS, EUR) | |
| Vanguard FTSE All-World UCITS ETF (USD) DistributingIE00B3RBWM25 · Vanguard · Ireland | 0.14% | DistributingPhysical | EUR 23.8bnas of 2026-10-27 | 2012-05 | VWRD (LSE, USD)VWRL (SIX, CHF) · VGWL (Xetra, EUR) · VWRL (LSE, GBP) · VWRL (Borsa Italiana, EUR) · VWRL (Euronext AMS, EUR) · VWRL (Euronext Paris, EUR) | |
| Invesco FTSE All-World UCITS ETF AccIE000716YHJ7 · Invesco · IrelandInvesco blocks automated downloads; TER/size read from Invesco factsheet via search index, SIX/Xetra/LSE listings from the exchanges, other listings from Bogleheads list. Inception date not verified. | 0.15% | AccumulatingPhysical | EUR 4.3bnas of 2026-10-27 | 2023-06 | FWRA (LSE, USD)FWRA (SIX, CHF) · FWIA (Xetra, EUR) · FWRG (LSE, GBP, quoted in pence) · FWRA (Borsa Italiana, EUR) | |
| SPDR MSCI ACWI IMI UCITS ETF (Acc)IE00B3YLTY66 · SPDR (State Street) · IrelandIncludes small caps (IMI index). | 0.17% | AccumulatingPhysical (optimised) | EUR 8.3bnas of 2026-10-27 | 2011-05 | IMID (LSE, USD)IMID (SIX, USD) · SPYI (Xetra, EUR) · IMIE (Borsa Italiana, EUR) · IMIE (Euronext Paris, EUR) | |
| iShares MSCI All Country World UCITS ETF (Acc)IE00B6R52259 · iShares · Ireland | 0.20% | AccumulatingPhysical (optimised) | EUR 31.4bnas of 2026-10-27 | 2011-10 | ISAC (LSE, USD)SSAC (SIX, USD) · SSAC (SIX, CHF) · IUSQ (Xetra, EUR) · SSAC (LSE, GBP, quoted in pence) · ISAC (Borsa Italiana, EUR) · SSAC (Euronext AMS, EUR) | |
| UBS MSCI ACWI SF UCITS ETF USD accIE00BYM11H29 · UBS · Ireland | 0.21% | AccumulatingSynthetic (swap) | EUR 4.0bnas of 2026-10-27 | 2018-11 | ACWIA (SIX, USD)ACWIA (Borsa Italiana, EUR) | |
| Vanguard ESG Global All Cap UCITS ETF (USD) AccumulatingIE00BNG8L278 · Vanguard · Ireland | 0.24% | Accumulating ESGPhysical | EUR 1.1bnas of 2026-10-27 | 2021-03 | V3AA (LSE, USD)V3AA (SIX, CHF) · V3AA (Xetra, EUR) · V3AB (LSE, GBP) · V3AA (Borsa Italiana, EUR) · V3AA (Euronext AMS, EUR) · V3AA (Euronext Paris, EUR) | |
| Vanguard ESG Global All Cap UCITS ETF (USD) DistributingIE00BNG8L385 · Vanguard · Ireland | 0.24% | Distributing ESGPhysical | EUR 562mas of 2026-10-27 | 2021-03 | V3AL (LSE, USD)V3AL (SIX, CHF) · V3AL (Xetra, EUR) · V3AM (LSE, GBP) · V3AL (Borsa Italiana, EUR) · V3AL (Euronext AMS, EUR) · V3AL (Euronext Paris, EUR) | |
| Xtrackers MSCI AC World Screened UCITS ETF 1CIE00BGHQ0G80 · Xtrackers (DWS) · IrelandScreened (ESG exclusions) version of MSCI ACWI. | 0.25% | Accumulating ESGPhysical (sampled) | EUR 6.5bnas of 2026-10-27 | 2014-02 | XMAW (SIX, USD)XMAW (Xetra, EUR) · XMAW (LSE, GBP, quoted in pence) · XMAW (Borsa Italiana, EUR) | |
| Invesco FTSE All-World UCITS ETF CHF PfHdg AccIE000SHR0UX9 · Invesco · IrelandPortfolio-hedged to CHF: hedges non-CHF developed-market currencies and may hedge some emerging-market currencies (per factsheet). | 0.20% | Accumulating CHF-hedgedPhysical | EUR 66mas of 2026-10-27 | 2024-02 | FWCA (SIX, CHF) no USD listing, trades in CHF on SIX | |
| UBS MSCI ACWI SF UCITS ETF hEUR accIE00BYM11K57 · UBS · IrelandHedging applies to developed-market currencies (per factsheet index description). | 0.21% | Accumulating EUR-hedgedSynthetic (swap) | EUR 1.6bnas of 2026-10-27 | 2015-08 | ACWIE (SIX, EUR) no USD listing, trades in EUR on SIXACWIE (Borsa Italiana, EUR) | |
| Amundi MSCI All Country World Swap UCITS ETF EUR AccLU1829220216 · Amundi · LuxembourgSwap-based MSCI ACWI. Added for Wiener Börse coverage. TER 0.45%, above the physical all-world ETFs in this list. | 0.45% | AccumulatingSynthetic (swap) | EUR 2.5bnas of 2026-10-27 | 2011-09 | LYY0 (Xetra, EUR) no USD listing, trades in EUR on XetraACWI (Borsa Italiana, EUR) · ACWI (Euronext Paris, EUR) |
Rebalancing
Over time, the actual weights drift away from the targets as markets move. The statistics above assume a return to target weights every month. Many investors rebalance less often (for example once a year, or when a weight drifts by more than about 5 percentage points), or direct new contributions to the underweight fund. Each trade can trigger costs and, in some countries, taxes. Rules vary by country and tax residence; this is general information, not tax advice.
A one-fund portfolio needs no rebalancing between funds. The index itself adjusts country and company weights.