iShares Core MSCI World ex Australia ESG ETF vs State Street SPDR S&P World ex Australia Carbon Aware ETF
Overlap is calculated from each fund's full published holdings list. Where there are no shared listed holdings it is shown as not reliably estimable.
IWLD and WXOZ are both Global Broad Market ETFs. IWLD tracks the MSCI World Ex Australia Custom ESG Leaders Index and WXOZ tracks the S&P World ex Australia Carbon Aware Index. WXOZ has the lower management fee (0.07% vs 0.09% p.a.). Holdings overlap is approximately 55% (full holdings data).
iShares Core MSCI World ex Australia ESG ETF
BlackRock (iShares)
State Street SPDR S&P World ex Australia Carbon Aware ETF
State Street (SPDR)
Comparison scores reflect how each ETF compares to the other on these specific dimensions only. They are not absolute ratings or recommendations.
Key differences at a glance
IWLD and WXOZ suit different goals rather than one being "better" than the other. The clearest differences:
Category scores compare these two ETFs only and are not absolute ratings.
WXOZ has the lower management fee - the one objective "cheaper" axis.
IWLD is the larger fund. Larger is not inherently better, but greater scale can support tighter spreads and lower closure risk.
IWLD and WXOZ offer similar breadth of exposure.
IWLD distributes approximately 1.24% and WXOZ approximately 1.6%; WXOZ carries the higher estimated distribution yield. A higher yield may suit an income focus; a lower one may suit a growth or tax-efficiency focus. Yields are estimates and are not guaranteed; past performance is not a reliable indicator of future returns.
Green highlights the factually lower fee or higher scale/income figure. Performance is never highlighted. Data from issuer disclosures, reviewed quarterly.
Yield figures are estimates based on recent distributions and may vary. Past distributions are not a reliable indicator of future distributions.
Past performance is not a reliable indicator of future returns.
Top shared holdings ranked by overlap contribution, the smaller of each company's weight in the two funds. Basis: full holdings data.
Top 10 listed holdings for each fund, from issuer disclosures.
IWLD top holdings
WXOZ top holdings
Based on each fund's most recently published sector and geographic weightings; figures are approximate. Full breakdowns are shown below.
IWLD sectors
WXOZ sectors
IWLD geography
WXOZ geography
IWLD and WXOZ can each make sense depending on your objectives, horizon and existing portfolio. The key differences are near the top of this page, and the full side-by-side data is below.
IWLD and WXOZ have approximately 55% holdings overlap, based on each fund's full published holdings list. This is considered moderate overlap.
WXOZ has the lower management fee. IWLD charges 0.09% per year ($9 per year on a $10,000 investment) and WXOZ charges 0.07% per year ($7 per year on a $10,000 investment). The difference is $2 per year per $10,000 invested.
IWLD (iShares Core MSCI World ex Australia ESG ETF) manages approximately $1.7B and WXOZ (State Street SPDR S&P World ex Australia Carbon Aware ETF) manages approximately $672M. Fund size can affect liquidity and bid-ask spreads but does not by itself change the management fee.
You can hold both, but with approximately 55% estimated holdings overlap the two funds share a moderate proportion of holdings, so there is some duplicated exposure. Whether that suits you depends on your own objectives.
There is no universally right choice. It depends on your goals, time horizon and existing holdings. IWLD charges 0.09% and WXOZ charges 0.07%, so WXOZ has the lower management fee, and they have approximately 55% estimated holdings overlap. Compare their fees, holdings and sectors above and consider each fund's Product Disclosure Statement and Target Market Determination.
General information only.This comparison and the ETFLens tools on this page provide general information about two exchange-traded funds and do not take into account your personal objectives, financial situation or needs. It is not personal financial product or investment advice. ETFLens does not hold an Australian Financial Services Licence (AFSL). Holdings overlap is calculated from each fund's published holdings (full lists where the issuer publishes one, listed top holdings otherwise), and fee data is sourced from fund manager PDS documents and updated quarterly. Past performance is not a reliable indicator of future returns. Consider each fund's Product Disclosure Statement (PDS) and Target Market Determination (TMD), and seek advice from a registered tax agent or licensed financial adviser, before making investment decisions.
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