Vanguard Global Small-Cap Index Fund EUR Acc vs IUSN: Differences, Fees and Returns
Vanguard Global Small-Cap Index Fund EUR Acc is cheaper: it charges 0.30% a year against 0.35% for IUSN. That is €5 less a year per 10,000 invested; over a plan of 10,000 up front plus 200 a month for 30 years, the accumulated cost gap comes to about €3,335.
Both track the same index (MSCI World Small Cap), so their returns before costs should be almost identical: the choice comes down to cost, where you can buy them and tax.
Key tax difference in Spain: Vanguard Global Small-Cap Index Fund EUR Acc is a mutual fund and can be switched without tax, whereas IUSN is an ETF and every sale is taxed.
Head-to-head comparison
| Vanguard Global Small-Cap Index Fund EUR Acc | IUSN | |
|---|---|---|
| Name | Vanguard Global Small-Cap Index Fund EUR Acc | iShares MSCI World Small Cap UCITS ETF |
| Provider | Vanguard | iShares |
| Index | MSCI World Small Cap | MSCI World Small Cap |
| TER | 0.30% | 0.35% |
| Type | Switchable fund | ETF |
| Domicile | Ireland | Ireland |
| Dividends | Accumulating | Accumulating |
| Launch date | December 11, 2012 | March 27, 2018 |
| Fund size | €7B | €7.8B |
| ISIN | IE00B42W4L06 | IE00BF4RFH31 |
| Available to EU retail investors | Yes | Yes |
| Tax-free switch (Spain) | Yes | No |
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Frequently Asked Questions
Vanguard Global Small-Cap Index Fund EUR Acc is cheaper: it charges 0.30% a year against 0.35% for IUSN. That is €5 less a year per 10,000 invested; over a plan of 10,000 up front plus 200 a month for 30 years, the accumulated cost gap comes to about €3,335. Both track the same index (MSCI World Small Cap), so their returns before costs should be almost identical: the choice comes down to cost, where you can buy them and tax.
Vanguard Global Small-Cap Index Fund EUR Acc (Switchable fund) tracks the MSCI World Small Cap with a 0.30% TER; IUSN (ETF) tracks the MSCI World Small Cap with a 0.35% TER.
Yes. Both are UCITS products sold to retail investors across the EU. ETFs are bought through brokers with access to European exchanges, and mutual funds through banks and fund platforms.