BGBL and IWLD overlap by about 47%: there is a fair amount of double-up. BGBL is cheaper (0.08% vs 0.09% a year), about $10 a year less on $100,000. BGBL is the bigger fund ($5.5b vs $2.0b). Two of the cheapest global shares ETFs. BGBL tracks the broad market; IWLD applies ESG screens that leave out some companies.
📅 As at 30 September 2026: fees, size, flows and returns from the TMX Australia funds report; overlap from published holdings as at 30 October 2026.
BGBL
Betashares Global Shares ETFBGBL invests in more than a thousand large and mid-sized companies across developed markets outside Australia, for one of the lowest fees available.
IWLD
iShares Core MSCI World Ex Australia Esg ETFIWLD invests in large global companies across developed markets outside Australia, with some ESG screens applied.
BGBL vs IWLD side by side
Green marks the cheaper, bigger or better-performing fund on each line. Past returns are not a reliable guide to the future.
| BGBL | IWLD | |
|---|---|---|
| Issuer | Betashares | iShares (BlackRock) |
| Index | Solactive GBS Developed Markets ex Australia Large & Mid Cap Index | MSCI World ex Australia index with ESG screens |
| Fee (a year) | 0.08% | 0.09% |
| Size | $5.5b | $2.0b |
| Net money in, September | +$220m | +$68m |
| 1-year return | +10.4% | +10.4% |
| 5-year return | Not 5 years old | +79% |
| Listed | 2023 | 2016 |
| Top 10 holdings | 34% of fund | 42% of fund |
| Trend now | Base | Base |
How much do BGBL and IWLD overlap?
About 47% of their holdings are the same, by weight: medium overlap, so there is a fair amount of double-up.
The biggest companies they both own
| Company | BGBL | IWLD |
|---|---|---|
| NVIDIA CorpInformation Technology | 6.5% | 11.7% |
| Microsoft CorpInformation Technology | 5.2% | 9.1% |
| Alphabet (Google)Communication Services | 4.1% | 7.3% |
| Tesla IncConsumer Discretionary | 1.7% | 2.8% |
| Eli Lilly & CoHealth Care | 1.6% | 2.8% |
| Advanced Micro Devices IncInformation Technology | 1.1% | 2.0% |
| Visa IncFinancials | 0.9% | 1.7% |
| Asml Holding NVInformation Technology | 0.8% | 1.5% |
| AbbVie IncHealth Care | 0.7% | 1.3% |
| Mastercard IncFinancials | 0.7% | 1.3% |
Only in BGBL
- Apple Inc 6.7%
- Amazon.com Inc 3.1%
- Broadcom Inc 2.1%
- Meta Platforms Inc 1.8%
- Micron Technology Inc 1.3%
Only in IWLD
- No holdings above 0.5%: the differences are all small positions.
Sectors and countries
Sectors
Countries
Trend: base, uptrend or downtrend?
Past year of prices, shaded by trend stage. The dashed line is the 200-day exponential average. As at 4 November 2026. How base and trend works.
BGBL or IWLD: which suits who?
Where either fits depends on the rest of your portfolio: whether it’s your core or a satellite. See core and satellite investing and our full profiles of BGBL and IWLD.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
BGBL vs IWLD FAQs
Is BGBL or IWLD better?
Neither is better for everyone. Two of the cheapest global shares ETFs. BGBL tracks the broad market; IWLD applies ESG screens that leave out some companies. Choose BGBL if you want the plain, unscreened market for the lowest fee. Choose IWLD if you want some ESG screening without paying much more.
What is the difference between BGBL and IWLD?
BGBL and IWLD overlap by about 47%: there is a fair amount of double-up. BGBL is cheaper (0.08% vs 0.09% a year), about $10 a year less on $100,000. BGBL is the bigger fund ($5.5b vs $2.0b). Two of the cheapest global shares ETFs. BGBL tracks the broad market; IWLD applies ESG screens that leave out some companies.
Should I own both BGBL and IWLD?
You can, but check the double-up: about 47% of their holdings are the same. Use the overlap calculator to see how they fit with your other ETFs.
Which is cheaper, BGBL or IWLD?
BGBL is cheaper (0.08% vs 0.09% a year), about $10 a year less on $100,000. Fees are taken from the fund’s returns, not charged separately.
Fees, size, flows and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns and the 5-year figure is cumulative. Overlap, sectors and countries are based on each fund’s published holdings, scaled to the part of each fund we can see. Trend stages are a technical indicator based on 10, 20, 50 and 200-day exponential moving averages; they describe the past, not the future. General information only, not a recommendation to buy or sell BGBL or IWLD. Consider the PDS and TMD, and your own circumstances, before investing.