MSCI ACWI or MSCI Emerging Markets? Comparison, Returns & Historical Performance
The two indices share 8.8 % of their weight across 894 companies, and their daily returns correlate at 0.81. Small overlap and limited co-movement: these are two genuinely different building blocks.
Side by side
| MSCI ACWI | MSCI Emerging Markets | |
|---|---|---|
| Holdings covered | 2,033 | 1,064 |
| Volatility | 15.7 % | 21.8 % |
| Max drawdown | -16.5 % | -18.7 % |
| Cheapest ETF we cover | SPYY · 0.12 % | SPYM · 0.18 % |
The largest shared positions
| Company | MSCI ACWI | MSCI Emerging Markets |
|---|---|---|
| Samsung Electronics Co. Ltd. | 0.86 % | 7.17 % |
| SK hynix Inc. | 0.73 % | 6.02 % |
| Tencent Holdings Ltd | 0.32 % | 2.66 % |
| Alibaba Group Holding Limited | 0.23 % | 1.90 % |
| MediaTek Inc | 0.20 % | 1.74 % |
| Samsung Electronics Co Ltd Pfd Non-Voting | 0.11 % | 0.93 % |
| Delta Electronics Inc. | 0.10 % | 0.85 % |
| China Construction Bank Corporation Class H | 0.10 % | 0.85 % |
| Hon Hai Precision Industry Co. Ltd. | 0.10 % | 0.79 % |
| HDFC Bank Limited | 0.08 % | 0.68 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (SPYY and SPYM); of those we could attribute 92.5 % and 77.8 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 534 shared trading days.
The largest single holdings
MSCI ACWI
NVIDIA Corporation 4.97 %
Apple Inc. 4.80 %
Microsoft Corporation 3.39 %
Amazon.com Inc. 2.39 %
Alphabet Inc. Class A 2.00 %- Taiwan Semiconductor Manufacturing Co. Ltd. 1.85 %
Broadcom Inc. 1.57 %- Alphabet Inc. Class C 1.56 %
Meta Platforms Inc Class A 1.42 %
Micron Technology Inc. 1.12 %
MSCI Emerging Markets
- Taiwan Semiconductor Manufacturing Co. Ltd. 15.48 %
Samsung Electronics Co. Ltd. 7.17 %
SK hynix Inc. 6.02 %- Tencent Holdings Ltd 2.66 %
- Alibaba Group Holding Limited 1.90 %
MediaTek Inc 1.74 %- Samsung Electronics Co Ltd Pfd Non-Voting 0.93 %
Delta Electronics Inc. 0.85 %- China Construction Bank Corporation Class H 0.85 %
Hon Hai Precision Industry Co. Ltd. 0.79 %
More comparisons with these indices
| Comparison | Overlap |
|---|---|
| MSCI World vs MSCI ACWI | 83 % |
| MSCI ACWI vs MSCI ACWI IMI | 74 % |
| MSCI Emerging Markets vs MSCI EM IMI | 65 % |
| MSCI Emerging Markets vs MSCI China | 17 % |
| MSCI World vs MSCI Emerging Markets | 0 % |
| S&P 500 vs MSCI Emerging Markets | 0 % |
In the Alysly network
How MSCI ACWI connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.
- Apple Stock · contains
- Micron Technology Stock · contains
- Microsoft Corporation Stock · contains
- NVIDIA Corporation Stock · contains
- SPYY ETF · tracks
- IUSQ ETF · tracks