VWRP vs VWRL, side by side
One fund, the whole world: both track the FTSE All-World index - roughly 3,600 companies across the US, Europe, Japan and emerging markets - for the same 0.22% fee. VWRP reinvests the dividends automatically; VWRL pays them out as cash. Everything else is identical.
Vanguard FTSE All-World UCITS ETF (Acc)VWRP.L£140.58+23% 1Y
Vanguard FTSE All-World UCITS ETF (Dist)VWRL.L£136.16+23% 1YVWRP
Around 3,600 large and mid-sized companies across both developed and emerging markets - close to the whole investable world in one fund.
VWRL
The same ~3,600-company whole-world index as VWRP, but dividends are paid out to you as cash rather than reinvested inside the fund.
The numbers, side by side
| Measure | VWRP | VWRL |
|---|---|---|
| What it tracks | FTSE All-World | FTSE All-World |
| OCF: Ongoing Charge Figure: the fund's yearly running cost, taken automatically. 0.22% is about £2.20 a year for every £1,000 you hold. | 0.22% | 0.22% |
| Acc / Dist: Accumulating (Acc) reinvests dividends inside the fund automatically; Distributing (Dist) pays them to you as cash. Same index either way. | Acc | Dist |
| Holdings: Roughly how many different investments the fund spreads your money across. More holdings usually means more diversification. | ~3,600 | ~3,600 |
| Domicile | Ireland | Ireland |
| Replication | Physical (holds the underlying shares) | Physical (holds the underlying shares) |
| Yield: The income the fund has paid out over the past year as a percentage of its price. Accumulating funds reinvest this for you instead of paying cash. | Reinvested inside the fund | — |
| Price | £140.58 | £136.16 |
| 1Y: How much the share price has moved over the past year. | +23% | +23% |
How they differ
Both track the same index (FTSE All-World), so the holdings are effectively identical - holding both would not add diversification. The ongoing charge is the same (0.22%), so the fee drag is identical either way. VWRP reinvests dividends inside the fund automatically, while VWRL pays them out to you as cash - same holdings, different plumbing.
Descriptive only - how the two compare on today's data, never a verdict on either.
VWRP, in one line
One tap and you own a sliver of roughly 3,600 companies across basically the entire planet, dividends quietly reinvested for you.
Read the full VWRP explainer →VWRL, in one line
The exact same whole-world fund as VWRP, same ~3,600 companies, except it pays the dividends into your account as cash instead of reinvesting them.
Read the full VWRL explainer →Common questions
Why do people pick a whole-world fund at all?
It is the simplest possible diversification: one purchase spreads your money across thousands of companies and dozens of countries, so no single firm, sector or country decides your outcome.
Acc or Dist - does it change the risk?
No. The holdings are identical, so the ups and downs are identical. The choice only changes whether dividends arrive as spendable cash or quietly compound inside the fund.