# VWRA (new Vanguard all-world ETF)

**URL:** <https://forum.mustachianpost.com/t/vwra-new-vanguard-all-world-etf/2845>\
**Category:** Investing / Portfolios\
**Created:** [November 28, 2019, 10:24pm UTC](https://forum.mustachianpost.com/t/vwra-new-vanguard-all-world-etf/2845 "2019-11-28T22:24:06Z")\
**Posts on this page:** 1\
**Showing post:** 16

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**Author:** ![San\_Francisco](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/s/ea5d25/32.png) [@San\_Francisco](https://forum.mustachianpost.com/u/San_Francisco)\
**Post date:** [November 30, 2019, 5:34pm UTC](https://forum.mustachianpost.com/t/vwra-new-vanguard-all-world-etf/2845/16 "2019-11-30T17:34:39Z")

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> [@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](https://forum.mustachianpost.com/t/the-incomprehensible-obsession-with-ter-total-expense-ratios-is-it-justified/2123) 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:

 ![VT%20VWRD%202013-2018](https://forum.mustachianpost.com/uploads/default/original/2X/a/a3c4ccc8e682e8b0bdc92036dc927c008d1a79be.png)

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.

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