Vanguard FTSE Global All-Cap (VALL / VGLA): all-cap vs VWCE
The UCITS fund Reddit calls “European VT” — 0.07% TER, Acc and Dist, and how it stacks up against VWCE and WEBN.
- All-cap: large + mid + small (FTSE Global All Cap), not large/mid only like VWCE.
- 0.07% TER — same as WEBN, lower than VWCE (0.14%).
- Acc: IE000VAHT5T0 (VALL/VGLA) · Dist: IE000CVUM3N6 (VALLD / VACD).
- Launched: August 2026 — young fund; watch liquidity and spreads.
Not investment advice. TER, AUM, holdings and Belgian TOB rates change. Always check the latest factsheet and your broker. Figures here are indicative (e.g. justETF / Vanguard, autumn 2026).
VALL vs VWCE vs WEBN at a glance
| Metric | VALL (All-Cap) | VWCE | WEBN |
|---|---|---|---|
| Full name | Vanguard FTSE Global All-Cap UCITS ETF USD Acc | Vanguard FTSE All-World UCITS ETF Acc | Amundi Prime All Country World UCITS ETF Acc |
| Ticker (EUR, ex.) | VALL (AMS) / VGLA (Xetra) | VWCE | WEBN |
| ISIN (Acc) | IE000VAHT5T0 | IE00BK5BQT80 | IE0003XJA0J9 |
| Index | FTSE Global All Cap | FTSE All-World | Solactive GBS Global Markets Large & Mid Cap |
| Market cap coverage | Large + mid + small | Large + mid | Large + mid |
| Holdings (approx.) | ~10,000 | ~3,700 | ~3,400 |
| Emerging markets | Yes | Yes (~10%) | Yes (~10%) |
| TER | 0.07% | 0.14% | 0.07% |
| Dividend policy | Acc (Dist also available) | Accumulating | Accumulating |
| Domicile | Ireland | Ireland | Ireland |
| Size / age | Young (launched Aug 2026); Acc growing fast, Dist still small | Very large / highly liquid | Large (since 2024) |
| NL fit | Strong — all-cap + low TER | Strong — proven core fund | Strong — low TER without small-cap tilt |
| BE fit (TOB) | Acc often 1.32%; Dist often lower (verify with broker) | Often 1.32% TOB (Acc) | Often 1.32% TOB (Acc) |
Pairwise large/mid only (no all-cap): WEBN vs VWCE (costs, index, stay vs switch).
All-World vs All-Cap: why socials care
FTSE All-World (VWCE/VWRL) covers large and mid caps — thousands of companies, but no small caps. FTSE Global All Cap (VALL/VALLD) adds small caps. That makes VALL closer to US-listed VT: one fund for “almost the entire equity market”.
Small caps are more volatile and can under- or outperform for long stretches. The long-term case is mainly broader diversification without running a separate small-cap ETF.
Reddit/social buzz is mostly about this: a cheap Vanguard UCITS all-cap finally listed in Europe — Acc and Dist.
Tickers & ISINs (Acc / Dist)
| Share class | ISIN | Common tickers |
|---|---|---|
| Accumulating (Acc) | IE000VAHT5T0 | VALL (AMS/SIX/LSE GBP), VGLA (Xetra), VALU (LSE USD) |
| Distributing (Dist) | IE000CVUM3N6 | VALLD (AMS/SIX), VACD (LSE USD), VGLD (Xetra) |
On DEGIRO, search by ISIN to pick the right listing. The same ISIN can trade under multiple tickers (EUR/USD/GBP).
When to pick VALL, VWCE or WEBN
Choose VALL
You want large + mid + small in one UCITS fund.
You accept a young fund and watch spreads/liquidity.
You want Vanguard branding plus a 0.07% TER.
Choose VWCE
You want maximum liquidity and familiarity.
Large/mid is enough; small-cap tilt is not a priority.
You accept 0.14% TER for a proven core holding.
Choose WEBN
You mainly want the lowest TER without a small-cap tilt.
You’re fine with Amundi instead of Vanguard.
Details: WEBN vs VWCE pairwise.
Risks of a young all-cap fund
- Age & AUM: Acc is growing quickly; Dist is still small — spreads can be wider than VWCE.
- Small-cap risk: extra volatility; no guaranteed outperformance.
- Sampling: physical sampling of ~10,000 names — monitor tracking difference over time.
Dutch version: Vanguard FTSE Global All-Cap (NL).
Track stocks + your all-cap core together
VALL / VGLA is one core holding. TrackinV is for the whole book: import a DEGIRO or IBKR CSV and see TWR of stocks plus the ETF core after deposits — not a new vs-page.
Frequently asked questions
What is VGLA?
VGLA is the Xetra ticker for the accumulating Vanguard FTSE Global All-Cap UCITS ETF — the same Acc share class as VALL on Amsterdam (ISIN IE000VAHT5T0). Dist listings include VGLD on Xetra.
What is Vanguard FTSE Global All-Cap (VALL)?
It is Vanguard’s European UCITS ETF tracking the FTSE Global All Cap index: large-, mid- and small-cap stocks from developed and emerging markets. Acc ISIN IE000VAHT5T0 trades as VALL / VGLA (Xetra); Dist ISIN IE000CVUM3N6 as VALLD / VACD. TER: 0.07%.
VALL vs VWCE — what’s the difference?
VWCE tracks FTSE All-World (large + mid). VALL tracks FTSE Global All Cap and adds small caps (roughly ~10%, varies). VALL has a lower TER (0.07% vs 0.14%) but is younger and less liquid than VWCE. Pick VALL for a one-ticker “VT-like” all-cap core; pick VWCE for maximum liquidity and a long live track record.
VALL or WEBN?
Both cost 0.07% TER. WEBN is all-world large/mid (no small-cap tilt). VALL is all-cap including small caps. WEBN has been live longer (from 2024); VALL launched August 2026. If you want small caps in one fund, choose VALL.
VALL or VALLD — Acc or Dist?
Same index and TER. VALL / VGLA (Acc) reinvests dividends; VALLD / VACD (Dist) pays them out. Most NL buy-and-hold investors prefer Acc. In Belgium, Dist can matter for TOB — verify the current rate with your broker. Note: Dist AUM is still much smaller.
Is this the European equivalent of VT?
Conceptually close: US-listed VT also tracks FTSE Global All Cap. VALL/VALLD is the UCITS version for European brokers, with Acc/Dist choice and EUR listings. Structure, taxes and tickers still differ from US VT.
Can I track VALL or VALLD in TrackinV?
Yes. Import broker CSVs (e.g. DEGIRO) and TrackinV calculates time-weighted returns, allocation and benchmark comparison — whether you hold VALL, VWCE, WEBN or a mix.
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