OriginaveIUSQ (ISAC) vs VGVF (VHVE): which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
IUSQtracks the MSCI ACWI Index
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
VGVFtracks the FTSE Developed World Index
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index
- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
IUSQ tracks the MSCI ACWI IndexVGVF tracks the FTSE Developed World Index
What did the last 5 years do to €10,000?
You invest €10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted. Both funds are measured over the same 5 full years (2021–2025) — the longest stretch both were trading.
IUSQ vs VGVF, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | IUSQ | VGVF | Winner |
|---|---|---|---|
| 2026 (so far) | +13.66% | +13.72% | VGVF |
| 2025 | +9.02% | +8.99% | IUSQ |
| 2024 | +24.53% | +24.73% | VGVF |
| 2023 | +18.57% | +20.35% | VGVF |
| 2022 | -13.58% | -13.58% | Tie |
| 2021 | +29.13% | +31.62% | VGVF |
| 2020 | +4.94% | +2.32% | IUSQ |
| 2019 | +30.14% | — | — |
| 2018 | -5.97% | — | — |
| 2017 | +9.14% | — | — |
| 2016 | +10.88% | — | — |
| 2015 | +8.31% | — | — |
| 2014 | +19.02% | — | — |
| 2013 | +17.43% | — | — |
| 2012 | +3.09% | — | — |
| 2011 | 0.00% | — | — |
IUSQ vs VGVF in plain words
IUSQ tracks the MSCI ACWI Index while VGVF follows the FTSE Developed World Index, so they own different slices of the market and their years can look very different. IUSQ charges 0.20% a year in running costs and VGVF charges 0.12% — VGVF is the cheaper fund to hold.
Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout. Across the 7 calendar years both funds were trading, IUSQ finished the year ahead 2 times and VGVF 4 times. €10,000 invested at the start of 2021 was worth €17,963 in IUSQ versus €18,610 in VGVF by the end of 2025, dividends reinvested.
ISAC is the London (USD) listing and SSAC the London (GBP) line of the same fund, ISIN IE00B6R52259 — IUSQ is its EUR line on Xetra.
VHVE is the London (USD) listing of the same fund, ISIN IE00BK5BQV03 — VGVF is its EUR line on Xetra.
Fund facts: IUSQ vs VGVF
| Fact | IUSQ | VGVF |
|---|---|---|
| Fund | iShares MSCI ACWI UCITS ETF USD (Acc) | Vanguard FTSE Developed World UCITS ETF (Acc) |
| Tracks | MSCI ACWI Index | FTSE Developed World Index |
| Yearly cost (TER) | 0.20% | 0.12% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 21 Oct 2011 | 24 Sept 2019 |
| ISIN | IE00B6R52259 | IE00BK5BQV03 |
| WKN | A1JMDF | A2PLS9 |
| Also trades as | ISAC | VHVE |
Frequently asked
Is IUSQ or VGVF better?
Across the 7 calendar years both funds were trading, IUSQ finished the year ahead 2 times and VGVF 4 times. €10,000 invested at the start of 2021 was worth €17,963 in IUSQ versus €18,610 in VGVF by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between IUSQ and VGVF?
IUSQ tracks the MSCI ACWI Index while VGVF follows the FTSE Developed World Index, so they own different slices of the market and their years can look very different. IUSQ charges 0.20% a year in running costs and VGVF charges 0.12% — VGVF is the cheaper fund to hold. Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout.
What would €10,000 in IUSQ have become?
€10,000 invested in IUSQ at the start of 2021 grew to €17,963 by the end of 2025, with dividends reinvested — an average of 12.4% per year.
Is ISAC the same as IUSQ?
ISAC is the London (USD) listing and SSAC the London (GBP) line of the same fund, ISIN IE00B6R52259 — IUSQ is its EUR line on Xetra.
Is VHVE the same as VGVF?
VHVE is the London (USD) listing of the same fund, ISIN IE00BK5BQV03 — VGVF is its EUR line on Xetra.
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