Invesco vs Vanguard
Both providers track indices, so neither "performs" better than the other — what separates them is cost, range and which markets they actually cover. Invesco has 13 products in this catalog and Vanguard has 22, overlapping in 5 categories. Invesco offers the cheapest fund in 4 of those 5 categories.
Invesco
- Products
- 13
- Lowest TER
- 0.05%
- Average TER
- 0.22%
- Categories
- 8
Vanguard
- Products
- 22
- Lowest TER
- 0.07%
- Average TER
- 0.16%
- Categories
- 9
Which one is cheaper, and where
Invesco offers the cheapest fund in 4 of the 5 categories both cover.
The cheapest fund from each, category by category
Each provider’s lowest-fee product within every shared category, head to head. The index each one tracks is shown too, because two funds in the same category do not always track the same thing.
| Category | Invesco | Vanguard | Difference |
|---|---|---|---|
| Emerging | Invesco MSCI Emerging MarketsMSCI Emerging Markets0.18% | Vanguard FTSE Emerging MarketsFTSE Emerging0.22% | €4/year per €10,000 |
| Fixed income | Invesco US Treasury Bond 7-10 YearICE US Treasury 7-10 Year0.06% | Vanguard Global Aggregate Bond EUR-HBloomberg Global Aggregate Float Adjusted0.10% | €4/year per €10,000 |
| Europe | Invesco EURO STOXX 50EURO STOXX 500.05% | Vanguard FTSE 100FTSE 1000.09% | €4/year per €10,000 |
| Global | Invesco FTSE All-WorldFTSE All-World0.15% | Vanguard FTSE Developed WorldFTSE Developed0.12% | €3/year per €10,000 |
| USA | Invesco S&P 500S&P 5000.05% | Vanguard S&P 500S&P 5000.07% | €2/year per €10,000 |
What each one covers
Only at Invesco
Only at Vanguard
Structural differences
Invesco
- Accumulating
- 85%
- Physical replication
- 85%
- Are ETFs
- 85%
- Domicile
- Ireland
Vanguard
- Accumulating
- 55%
- Physical replication
- 100%
- Are ETFs
- 68%
- Domicile
- Ireland
Other provider comparisons
Frequently asked questions
Is Invesco or Vanguard cheaper?+
Invesco offers the cheapest fund in 4 of the 5 categories both cover, against 1 for Vanguard. But "cheaper overall" is the wrong question: what matters is which is cheaper in the category you are actually buying.
Where is the difference between Invesco and Vanguard biggest?+
In emerging markets: Invesco MSCI Emerging Markets charges 0.18% against 0.22% for Vanguard FTSE Emerging Markets. On €10,000 invested that is a €4.00 difference every year, in favour of Invesco.
Which one has the wider range?+
Vanguard, with 22 products against 13. Coverage is not identical either: Invesco covers the technology sector, gold, a specific thematic sector where Vanguard does not; Vanguard covers high-dividend companies, the Japanese market, sustainable (ESG) criteria, small-cap companies where Invesco does not.
Are there structural differences beyond fees?+
Yes. Invesco's products in this catalog are 85% accumulating and 85% physically replicated, domiciled in Ireland. Vanguard's are 55% accumulating and 100% physical, domiciled in Ireland. For a Spanish investor the accumulating/distributing split matters for tax, and domicile matters for dividend withholding.
Does this comparison look at past performance?+
No, deliberately. Two funds tracking the same index deliver almost identical returns before fees, so comparing their past returns tells you about the index, not about the provider. The fee is the part the provider actually controls, and the only one you know for certain the day you invest.
Cost and coverage comparison computed over this site’s catalog, which is a sample and not each provider’s full product range. Returns are not compared: two funds tracking the same index perform almost identically before fees, so past performance tells you about the index, not the provider. Educational content, not a recommendation.