Developed world + EM 100/0
All equity, built from a developed-world ETF plus an emerging-markets ETF at roughly market-cap weights.
This model portfolio is published for everyone. It is an example allocation, not a recommendation, and it has not been assessed against your circumstances. Compare it with the other model portfolios.
Target weights
- 88% Developed world
- 12% Emerging markets
Historical risk statistics
Derived at build time from month-end prices of proxy ETFs (listed below), converted to each base currency, rebalanced monthly. CAGR = compound annual growth rate. Volatility = annualised standard deviation of monthly returns. Max drawdown = largest peak-to-trough fall in month-end value. These are historical facts about proxies, not forecasts, and they exclude trading costs and taxes.
| Base | Window (longest common) | CAGR | Volatility | Max drawdown | Worst calendar year | Best calendar year | Common window* |
|---|---|---|---|---|---|---|---|
| USD | 2012-06 – 2026-09 14.3 yrs · trough 2022-09 | 11.8% | 13.1% | -23.9% | -17.9% (2022) | 26.1% | 2019-03 → CAGR 13.1%, vol 14.9%, MDD -23.9% |
| EUR | 2012-06 – 2026-09 14.3 yrs · trough 2020-03 | 12.5% | 12.3% | -19.4% | -12.7% (2022) | 29.5% | 2017-12 → CAGR 12.0%, vol 13.3%, MDD -19.4% |
| GBP | 2012-06 – 2026-09 14.3 yrs · trough 2020-03 | 13.0% | 11.2% | -15.4% | -8.0% (2022) | 30.5% | 2017-12 → CAGR 11.7%, vol 11.8%, MDD -15.4% |
| SGD | 2012-06 – 2026-09 14.3 yrs · trough 2022-09 | 11.7% | 11.1% | -19.4% | -18.4% (2022) | 26.6% | 2019-03 → CAGR 12.3%, vol 12.4%, MDD -19.4% |
| CHF | 2012-06 – 2026-09 14.3 yrs · trough 2020-03 | 10.6% | 13.2% | -20.8% | -17.0% (2022) | 26.8% | 2018-05 → CAGR 9.6%, vol 14.5%, MDD -20.8% |
*Common window = the period over which every non-multi-asset portfolio has data in that base currency (USD from 2019-03, EUR from 2017-12, GBP from 2017-12, SGD from 2019-03, CHF from 2018-05). Use it for like-for-like comparison. Data: Yahoo Finance daily adjusted close prices via the open-source yfinance library, downloaded at build time. Only derived statistics are published. Last month-end used: 2026-09-30.
Proxies used for the statistics
| Building block | USD | EUR | GBP | SGD | CHF |
|---|---|---|---|---|---|
| Developed world | iShares Core MSCI World UCITS ETF (USD, LSE) IWDA.L | iShares Core MSCI World UCITS ETF (USD, LSE) IWDA.L | iShares Core MSCI World UCITS ETF (USD, LSE) IWDA.L | iShares Core MSCI World UCITS ETF (USD, LSE) IWDA.L | iShares Core MSCI World UCITS ETF (USD, LSE) IWDA.L |
| Emerging markets | Vanguard FTSE Emerging Markets UCITS ETF Dist (USD, LSE), dividends reinvested VDEM.L | Vanguard FTSE Emerging Markets UCITS ETF Dist (USD, LSE), dividends reinvested VDEM.L | Vanguard FTSE Emerging Markets UCITS ETF Dist (USD, LSE), dividends reinvested VDEM.L | Vanguard FTSE Emerging Markets UCITS ETF Dist (USD, LSE), dividends reinvested VDEM.L | Vanguard FTSE Emerging Markets UCITS ETF Dist (USD, LSE), dividends reinvested VDEM.L |
ETF options for each building block
The base currency changes the statistics and which exchange line is shown first (for example SIX in CHF, Xetra in EUR, London in GBP or USD). It does not change the fund: every line of an ETF is the same fund. ETFs with no line trading in your base currency are still listed, marked, and placed after those that have one. Base, fund and trading currency explained.
For each slot we list every ETF in our curated list that matches your filters. The order is neutral: lowest TER first, then larger fund size, then longer track record. Being listed first is not a recommendation. Check the issuer documents (KID, prospectus) and your broker's availability before acting.
88% · Developed-world equity
| # | ETF | TER | Type | Fund size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| Invesco MSCI World UCITS ETF AccIE00B60SX394 · Invesco · IrelandSwap fee 0.03% p.a. per factsheet, included in the swap return and not charged separately. | 0.05% | AccumulatingSynthetic (swap) | USD 10.3bnas of 2026-09-30 | 2009-04 | MXWO (LSE, USD)MXWO (SIX, USD) · SC0J (Xetra, EUR) · MXWS (LSE, GBP, quoted in pence) | |
| Amundi Prime Global UCITS ETF AccIE0009DRDY20 · Amundi · IrelandTracks a Solactive developed-markets large & mid cap index (MSCI World alternative). | 0.05% | AccumulatingPhysical | USD 5.6bnas of 2026-09-30 | 2024-11 | F50B (Xetra, USD)F50A (Xetra, EUR) | |
| UBS Core MSCI World UCITS ETF USD accIE00BD4TXV59 · UBS · Ireland | 0.06% | AccumulatingPhysical (full) | USD 16.3bnas of 2026-07-31 | 2019-06 | WRDB (LSE, USD)WRDUSW (SIX, USD) · WRDUSW (SIX, CHF) · UETW (Xetra, EUR) · WRDA (LSE, GBP, quoted in pence) · WRDA (Borsa Italiana, EUR) | |
| Xtrackers MSCI World UCITS ETF 1CIE00BJ0KDQ92 · Xtrackers (DWS) · Ireland | 0.12% | AccumulatingPhysical (sampled) | GBP 23.3bnas of 2026-10-19 | 2014-07 | XDWD (LSE, USD)XDWD (SIX, CHF) · XDWD (Xetra, EUR) · XWLD (LSE, GBP, quoted in pence) · XWR (SGX, SGD) | |
| Xtrackers MSCI World UCITS ETF 1DIE00BK1PV551 · Xtrackers (DWS) · Ireland | 0.12% | DistributingPhysical (sampled) | GBP 23.2bnas of 2026-10-20 | 2015-02 | XDWL (LSE, USD)XDWL (SIX, CHF) · XDWL (Xetra, EUR) · XDWP (LSE, GBP) | |
| SPDR MSCI World UCITS ETF (Acc)IE00BFY0GT14 · SPDR (State Street) · Ireland | 0.12% | AccumulatingPhysical (optimised) | USD 22.3bnas of 2026-09-30 | 2019-02 | SWRD (LSE, USD)SWRD (SIX, USD) · SPPW (Xetra, EUR) · SWLD (LSE, GBP) · SWRD (Euronext AMS, EUR) · SWRD (Borsa Italiana, EUR) | |
| Amundi Core MSCI World UCITS ETF DistIE000CNSFAR2 · Amundi · Ireland | 0.12% | DistributingPhysical | USD 19.2bnas of 2026-09-30 | 2022-06 | MWOF (Xetra, USD)MWOE (Xetra, EUR) | |
| Amundi Core MSCI World UCITS ETF AccIE000BI8OT95 · Amundi · Ireland | 0.12% | AccumulatingPhysical | USD 19.2bnas of 2026-09-30 | 2024-01 | MWRU (LSE, USD)MWRD (SIX, USD) · WRDU (Euronext AMS, USD) · MWRD (Xetra, GBP) · MWRE (Xetra, EUR) · MWRL (LSE, GBP) · MWRD (Euronext Paris, EUR) · MWRD (Borsa Italiana, EUR) | |
| Vanguard FTSE Developed World UCITS ETF (USD) DistributingIE00BKX55T58 · Vanguard · Ireland | 0.12% | DistributingPhysical | USD 11.6bnas of 2026-10-21 | 2014-09 | VDEV (LSE, USD)VEVE (SIX, CHF) · VGVE (Xetra, EUR) · VEVE (LSE, GBP) · VEVE (Borsa Italiana, EUR) · VEVE (Euronext AMS, EUR) | |
| Vanguard FTSE Developed World UCITS ETF (USD) AccumulatingIE00BK5BQV03 · Vanguard · Ireland | 0.12% | AccumulatingPhysical | USD 11.6bnas of 2026-10-21 | 2019-09 | VHVE (LSE, USD)VGVF (Xetra, EUR) · VHVG (LSE, GBP) · VHVE (Borsa Italiana, EUR) | |
| HSBC MSCI World UCITS ETF (Dist)IE00B4X9L533 · HSBC · Ireland | 0.15% | DistributingPhysical (sampled) | USD 19.2bnas of 2026-09-30 | 2010-12 | HMWD (LSE, USD)HMWO (SIX, USD) · H4ZJ (Xetra, EUR) · HMWO (LSE, GBP, quoted in pence) · WRD (Euronext Paris, EUR) · HMWD (Borsa Italiana, EUR) | |
| HSBC MSCI World UCITS ETF USD (Acc)IE000UQND7H4 · HSBC · Ireland | 0.15% | AccumulatingPhysical (sampled) | USD 19.2bnas of 2026-09-30 | 2022-06 | HMWA (LSE, USD)HMWA (SIX, USD) · H4ZY (Xetra, EUR) · HMWS (LSE, GBP) · HMWA (Euronext Paris, EUR) · HMWA (Borsa Italiana, EUR) | |
| iShares Core MSCI World UCITS ETF (Acc)IE00B4L5Y983 · iShares · Ireland | 0.20% | AccumulatingPhysical (optimised) | USD 152.0bnas of 2026-10-19 | 2009-09 | IWDA (LSE, USD)SWDA (SIX, USD) · EUNL (Xetra, EUR) · SWDA (LSE, GBP, quoted in pence) · SWDA (Borsa Italiana, EUR) · IWDA (Euronext AMS, EUR) | |
| Amundi Prime Global UCITS ETF DistIE000QIF5N15 · Amundi · IrelandTracks a Solactive developed-markets large & mid cap index (MSCI World alternative). | 0.05% | DistributingPhysical | USD 5.6bnas of 2026-09-30 | 2024-11 | MWOZ (LSE, GBP) no USD listing, trades in GBP on LSEMWOL (Xetra, EUR) · MWOZ (Xetra, GBP) · ETFGLO (Borsa Italiana, EUR) | |
| UBS Core MSCI World UCITS ETF hCHF accIE000N6LBS91 · UBS · Ireland | 0.09% | Accumulating CHF-hedgedPhysical (full) | CHF 14.9bnas of 2026-09-30 | 2024-03 | WORLD (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Xtrackers MSCI World UCITS ETF 3C - CHF HedgedIE0009KLWT21 · Xtrackers (DWS) · Ireland | 0.14% | Accumulating CHF-hedgedPhysical (sampled) | GBP 23.2bnas of 2026-10-20 | 2023-10 | XWCH (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Amundi Core MSCI World UCITS ETF EUR Hedged AccIE000H7PE775 · Amundi · Ireland | 0.14% | Accumulating EUR-hedgedPhysical | EUR 16.9bnas of 2026-09-30 | 2025-09 | MWHE (Xetra, EUR) no USD listing, trades in EUR on Xetra | |
| HSBC MSCI World UCITS ETF EUR Hedged (Acc)IE000QMIHY81 · HSBC · Ireland | 0.16% | Accumulating EUR-hedgedPhysical (sampled) | USD 19.2bnas of 2026-09-30 | 2022-12 | HWDE (SIX, EUR) no USD listing, trades in EUR on SIXH41H (Xetra, EUR) · HWOE (Euronext Paris, EUR) · HWDE (Borsa Italiana, EUR) | |
| HSBC MSCI World UCITS ETF CHF Hedged (Acc)IE000WMRNBB0 · HSBC · Ireland | 0.16% | Accumulating CHF-hedgedPhysical (sampled) | USD 19.2bnas of 2026-09-30 | 2023-05 | HWDC (SIX, CHF) no USD listing, trades in CHF on SIX | |
| Xtrackers MSCI World Swap UCITS ETF 4C EUR HedgedLU0659579733 · Xtrackers (DWS) · Luxembourg | 0.39% | Accumulating EUR-hedgedSynthetic (swap) | GBP 10.9bnas of 2026-10-20 | 2013-08 | XWEH (Xetra, EUR) no USD listing, trades in EUR on Xetra |
12% · Emerging-markets equity
| # | ETF | TER | Type | Fund size | Since | Listings (ticker, exchange, trading currency) – USD line first |
|---|---|---|---|---|---|---|
| Invesco MSCI Emerging Markets UCITS ETF AccIE00B3DWVS88 · Invesco · IrelandFactsheet lists a swap fee of 0.00% p.a., charged directly to the fund. | 0.09% | AccumulatingSynthetic (swap) | USD 505mas of 2026-09-30 | 2010-04 | MXFS (LSE, USD)MXFS (SIX, USD) · EMSM (Xetra, EUR) · MXFP (LSE, GBP, quoted in pence) | |
| Amundi Prime Emerging Markets UCITS ETF AccLU2300295123 · Amundi · Luxembourg | 0.10% | AccumulatingPhysical | USD 2.1bnas of 2026-09-30 | 2021-09 | PRAM (LSE, USD)PRAM (Xetra, EUR) · PRAN (LSE, GBP) | |
| UBS Core MSCI EM UCITS ETF USD accLU0950674175 · UBS · LuxembourgTicker as listed on justETF/search; other listings: see issuer factsheet. | 0.15% | AccumulatingPhysical (optimised) | USD 12.6bnas of 2026-09-30 | 2018-06 | EMMUSC (SIX, USD) | |
| HSBC MSCI Emerging Markets UCITS ETF (Dist)IE00B5SSQT16 · HSBC · Ireland | 0.15% | DistributingPhysical (full) | USD 6.1bnas of 2026-09-30 | 2011-09 | HMEM (LSE, USD)HMEF (SIX, USD) · H410 (Xetra, EUR) · HMEF (LSE, GBP, quoted in pence) · HMEM (Borsa Italiana, EUR) | |
| HSBC MSCI Emerging Markets UCITS ETF USD (Acc)IE000KCS7J59 · HSBC · Ireland | 0.15% | AccumulatingPhysical (full) | USD 6.1bnas of 2026-09-30 | 2022-06 | HEMA (LSE, USD)H4Z3 (Xetra, EUR) · HEMC (LSE, GBP) · HEMA (Euronext Paris, EUR) · HEMA (Borsa Italiana, EUR) | |
| Vanguard FTSE Emerging Markets UCITS ETF (USD) DistributingIE00B3VVMM84 · Vanguard · Ireland | 0.17% | DistributingPhysical | USD 6.0bnas of 2026-10-21 | 2012-05 | VDEM (LSE, USD)VFEM (SIX, CHF) · VFEM (Xetra, EUR) · VFEM (LSE, GBP) · VFEM (Borsa Italiana, EUR) · VFEM (Euronext AMS, EUR) | |
| Vanguard FTSE Emerging Markets UCITS ETF (USD) AccumulatingIE00BK5BR733 · Vanguard · Ireland | 0.17% | AccumulatingPhysical | USD 6.0bnas of 2026-10-21 | 2019-09 | VFEA (LSE, USD)VFEA (SIX, CHF) · VFEA (Xetra, EUR) · VFEG (LSE, GBP) · VFEA (Borsa Italiana, EUR) | |
| iShares Core MSCI EM IMI UCITS ETF (Acc)IE00BKM4GZ66 · iShares · Ireland | 0.18% | AccumulatingPhysical (replicated) | USD 44.9bnas of 2026-10-19 | 2014-05 | EIMI (LSE, USD)EIMI (SIX, USD) · IS3N (Xetra, EUR) · EMIM (LSE, GBP, quoted in pence) · EIMI (Borsa Italiana, EUR) · EMIM (Euronext AMS, EUR) | |
| Xtrackers MSCI Emerging Markets UCITS ETF 1CIE00BTJRMP35 · Xtrackers (DWS) · Ireland | 0.18% | AccumulatingPhysical (sampled) | GBP 10.6bnas of 2026-10-20 | 2017-06 | XMME (LSE, USD)XMME (SIX, CHF) · XMME (Xetra, EUR) · XMMS (LSE, GBP, quoted in pence) | |
| Amundi Core MSCI Emerging Markets UCITS ETF USD DistLU2277591868 · Amundi · Luxembourg | 0.18% | DistributingPhysical | USD 11.3bnas of 2026-09-30 | 2021-02 | AEMU (LSE, USD) | |
| Amundi Core MSCI Emerging Markets UCITS ETF AccLU1437017350 · Amundi · Luxembourg | 0.18% | AccumulatingPhysical | EUR 9.9bnas of 2026-09-30 | 2016-06 | AEME (LSE, USD)AEME (Euronext AMS, USD) · AEME (SIX, CHF) · AEME (Euronext Paris, EUR) · AEME (Borsa Italiana, EUR) |
Rebalancing
Over time, the actual weights drift away from the targets as markets move. The statistics above assume a return to target weights every month. Many investors rebalance less often (for example once a year, or when a weight drifts by more than about 5 percentage points), or direct new contributions to the underweight fund. Each trade can trigger costs and, in some countries, taxes. Rules vary by country and tax residence; this is general information, not tax advice.