VWRA (new Vanguard all-world ETF)

[San_Francisco]

@bamboo

The US ETF has a TER of 0.09%.
The IRL ETF has a TER of 0.22%.
The IRL ETF has a non recoverable withholding tax of 15% on the dividend which is ~2%. Which means et the end 0.3% of the value of the ETF.
0.22% + 0.3 % = 0.53% which is 0.4% higher TER.

Having questioned before the fixation on TER, I have just quickly cobbled together a spreadsheet for the distributing ETFs (VWRD / VWRL domiciled in Ireland and VT domiciled in the US), beginning in 2013 - the first full year that VWRD / VWRL has been available:

I fail to see how VT or Vanguard’s US ETFs are supposedly that much superior to the Irish ones.

In this example (though not discounting dividend cashflows or accounting for compound interest on them, since I’m lazy and interest rates are now low anyway), the difference would haven roughly amounted to 1% over a period of 6 years.