Vanguard FTSE Global All Cap in ISA switch to ETF version?

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/82145736#Comment_82145736

It'll be insignificantly different to compare end of day pricing of the ETF to the OEIC price point, over any reasonable length of time.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82145736#Comment_82145736

You could get around that by picking days when the US market is broadly flat between 4:30pm and 9pm UK time.

Or, given they track the same index, use Vanguard's own analysis of tracking error.

GeoffTF

https://forums.moneysavingexpert.com/discussion/comment/82145736#Comment_82145736

The problem is the OEIC pricing time is 9pm whereas the ETF is during the UK trading day.

The OEIC and the ETF NAV are both priced at 9 pm. The OEIC is priced in GBP, whereas the ETF NAV is priced in USD, so you have to do a currency conversion to make a comparison. Vanguard publishes values for the tracking error of its funds e.g.:

https://www.vanguard.co.uk/professional/product/fund/equity/8617/ftse-global-all-cap-index-fund-gbp-acc

The annualised tracking error for the OEIC version was 0.21% over 1 year. 0.14% over 3 years, and 0.12% over 5 years. Trustnet allows you compare both funds to the index (which is the same for both the OEIC and the ETF). You can do the comparison with a variety of start dates.