WEBN vs VWCE: which all-world ETF should you pick?
Amundi’s WEBN undercuts Vanguard’s VWCE on TER. Here’s the clear comparison for European DIY investors.
- Cheapest TER: WEBN at 0.07% vs VWCE at 0.14%.
- Both accumulating all-world funds with emerging markets (~10%).
- VWCE is larger and more established; WEBN launched mid-2024.
- BE investors: both accumulating share classes often face the higher TOB band — check your broker.
Fund data (TER, AUM, holdings) changes. This is educational, not personal advice. Verify factsheets and local tax rules before buying.
WEBN vs VWCE at a glance
| Metric | WEBN | VWCE |
|---|---|---|
| Full name | Amundi Prime All Country World UCITS ETF Acc | Vanguard FTSE All-World UCITS ETF Acc |
| Ticker | WEBN | VWCE |
| ISIN | IE0003XJA0J9 | IE00BK5BQT80 |
| Index | Solactive GBS Global Markets Large & Mid Cap | FTSE All-World |
| Holdings (approx.) | ~3,400 | ~3,700 |
| Emerging markets | Yes (~10%) | Yes (~10%) |
| TER | 0.07% | 0.14% |
| Dividend policy | Accumulating | Accumulating |
| Domicile | Ireland | Ireland |
| Fund size | Large AUM (launched June 2024) | Very large / highly liquid |
| NL fit | Strong — low TER, box 3 same either way | Strong — proven, huge AUM |
| BE fit (TOB) | Often 1.32% TOB (accumulating) | Often 1.32% TOB (accumulating) |
This page is the pairwise WEBN vs VWCE comparison. For the four-fund piece (VWRL vs VWCE vs IWDA vs WEBN), see the four-fund VWRL vs VWCE vs IWDA vs WEBN article.
WEBN vs VWCE: what actually differs
WEBN is the Amundi Prime All Country World UCITS ETF Acc (ISIN IE0003XJA0J9). Its headline pitch is a 0.07% TER — among the cheapest all-world options available to European investors.
VWCE is Vanguard’s FTSE All-World accumulating ETF — the default “one-fund portfolio” for many DIY investors in NL and BE. It costs more (0.14% TER) but has years of history, enormous assets and tight spreads on major exchanges.
Neither is “wrong.” Over decades, a 0.07% TER gap compounds. On a €50,000 portfolio that’s roughly €35 per year before compounding — meaningful, not life-changing. Liquidity, broker availability and tax treatment (especially Belgian TOB) often matter as much as the TER line.
WEBN vs IWDA and VWRL (short)
WEBN vs IWDA
IWDA = developed markets only (MSCI World). WEBN includes emerging markets. If you want EM in one ticker, WEBN (or VWCE). If you prefer IWDA + a separate EM fund, that’s a two-ETF core — popular in Belgium for TOB reasons.
WEBN vs VWRL
VWRL is the distributing twin of VWCE’s index family. WEBN and VWCE are accumulating. For most accumulation-phase investors in NL/BE, accumulating share classes keep reinvestment automatic — see accumulating vs distributing ETFs (NL).
NL & BE tax notes
Netherlands: Box 3 taxes wealth, not dividends inside the fund the same way a classic income tax would. Accumulating vs distributing matters less for the tax base than for admin and dividend leakage. See box 3 beleggen.
Belgium: TOB on purchase/sale often hits accumulating equity funds at the higher rate (commonly cited 1.32%). That can make IWDA + EM (lower TOB band) more attractive than a single accumulating all-world fund — even if TER looks higher. See beurstaks België and kernportefeuille ETF.
When to choose which
- Choose WEBN if you want the lowest TER all-world Acc fund and accept a younger fund.
- Choose VWCE if you want maximum liquidity, familiarity and a long live track record.
- Consider VALL / VGLA if you want large + mid + small in one UCITS fund (all-cap vs VWCE/WEBN) — see VALL / VGLA all-cap vs VWCE and WEBN.
- Consider IWDA (+ EM) if you are Belgian and TOB dominates your cost math.
Dutch version: WEBN vs VWCE (NL).
Track stocks + your ETF core together
After you pick WEBN or VWCE, the live question is how the whole book performs — individual stocks plus the ETF core — not a second ETF-comparison homepage. Import a DEGIRO or IBKR CSV and TrackinV calculates TWR, allocation and a benchmark after cash flows.
- DEGIRO Account.csv import — TWR vs broker P/L
- Portfolio across brokers — one view if you also use IBKR or Trade Republic
- Start free — CSV import, up to 10 holdings
FAQ
WEBN or VWCE — which should I buy?
Both are accumulating all-world equity ETFs with developed + emerging markets. WEBN wins on cost (0.07% vs 0.14% TER). VWCE wins on track record, AUM and liquidity. For a long buy-and-hold horizon, TER compounds in WEBN’s favour; if you value maximum liquidity and familiarity, VWCE remains excellent.
Is WEBN better than VWCE?
“Better” depends on what you optimise. On headline costs, yes — WEBN is cheaper. On fund size, trading history and broker core-list familiarity, VWCE is usually stronger. Performance differences will mostly track index differences and costs, not stock-picking skill.
Do WEBN and VWCE track the same index?
No. VWCE tracks the FTSE All-World Index. WEBN tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both aim for broad global equity exposure including emerging markets, but weightings and number of holdings differ slightly.
WEBN vs IWDA — what’s the difference?
IWDA (iShares Core MSCI World Acc) covers developed markets only — no emerging markets. WEBN and VWCE include EM (~10%). If you want one-fund global exposure including EM, pick WEBN or VWCE. If you prefer developed-only (or add EM separately), IWDA is the building block.
Can I track WEBN or VWCE performance in TrackinV?
Yes. Import broker CSVs (e.g. DEGIRO) and TrackinV calculates time-weighted returns, allocation and benchmark comparison — whether you hold WEBN, VWCE, IWDA or a mix across brokers.
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