Best ETFs on GPW — comparison of available funds in 2026
Review and comparison of the best ETFs available on GPW. Global, S&P 500, bond ETFs — which to choose? Costs, returns and practical advice.
10 min czytaniaETFs on GPW — what's available?
More and more ETFs are listed on the Warsaw Stock Exchange. Additionally, Polish brokers (XTB, mBank, Bossa) provide access to ETFs listed on foreign exchanges (Xetra, LSE, Euronext). In this guide, we cover both sources.
ETFs listed directly on GPW
| ETF | Ticker | Index | TER | Notes |
|---|---|---|---|---|
| Beta ETF WIG20 | ETFW20L | WIG20 | 0.45% | 20 largest companies from GPW |
| Beta ETF mWIG40 | ETFMWIG | mWIG40 | 0.80% | Mid-cap companies from GPW |
| Beta ETF S&P 500 | ETFSP500 | S&P 500 | 0.45% | US exposure in PLN |
| Beta ETF DAX | ETFDAX | DAX | 0.45% | 40 largest German companies |
| Beta ETF TBSP | ETFTBSP | TBSP | 0.20% | Polish treasury bonds |
Advantage of GPW ETFs: Buy in PLN, no currency conversion, easy tax settlement.
Disadvantage: Limited selection and higher TER compared to foreign counterparts.
Popular foreign ETFs available through Polish brokers
Global (whole world)
| ETF | Ticker | Index | TER | Currency |
|---|---|---|---|---|
| Vanguard FTSE All-World | VWCE | FTSE All-World | 0.22% | EUR |
| iShares MSCI ACWI | IUSQ | MSCI ACWI | 0.20% | EUR |
VWCE is one of the most commonly recommended ETFs — it gives exposure to over 3,700 companies from around the world in one instrument.
USA (S&P 500)
| ETF | Ticker | Index | TER | Currency |
|---|---|---|---|---|
| iShares Core S&P 500 | SXR8 | S&P 500 | 0.07% | EUR |
| Vanguard S&P 500 | VUAA | S&P 500 | 0.07% | EUR |
The cheapest ETFs in the comparison. Exposure to 500 largest US companies.
Europe
| ETF | Ticker | Index | TER |
|---|---|---|---|
| iShares Core MSCI Europe | IMAE | MSCI Europe | 0.12% |
| Vanguard FTSE Developed Europe | VEUR | FTSE Dev. Europe | 0.10% |
Bonds
| ETF | Ticker | Type | TER |
|---|---|---|---|
| iShares Core EUR Govt Bond | IEGA | EUR government bonds | 0.07% |
| Beta ETF TBSP | ETFTBSP | Polish bonds | 0.20% |
How to choose an ETF?
1. Define your goal
- Long-term growth → global equity ETF (VWCE)
- US exposure → S&P 500 (SXR8, VUAA)
- Stability → bond ETF
- Poland → Beta ETF WIG20
2. Check TER
TER (Total Expense Ratio) is the annual management fee. A difference of 0.1% seems small, but over 30 years and a large portfolio, it's thousands of złoty.
3. Accumulating vs distributing
- Accumulating (ACC) — dividends reinvested automatically. Better tax-wise (no dividend tax until sale)
- Distributing (DIST) — dividends paid to account. Provides regular income but subject to tax
For most Polish investors: choose accumulating variants.
4. Fund size
Larger fund = higher liquidity and lower closure risk. Look for ETFs with assets above 500 million EUR.
5. Currency
EUR ETFs require currency conversion. If you want to avoid this, consider GPW ETFs (in PLN) — but remember about higher TER.
Sample ETF portfolios
Simple (1 ETF)
- 100% VWCE — whole world in one instrument
Balanced (2 ETFs)
- 80% VWCE (global equities) + 20% IEGA (EUR bonds)
Advanced (3+ ETFs)
- 60% SXR8 (S&P 500) + 20% IMAE (Europe) + 10% ETFW20L (Poland) + 10% ETFTBSP (Polish bonds)
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