MSCI ACWI or MSCI Emerging Markets?
The two indices share 8.3 % of their weight across 909 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 | 2,059 | 1,077 |
| Volatility | 15.9 % | 22.0 % |
| 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. | 0.74 % | 6.37 % |
| SK hynix Inc. | 0.57 % | 4.87 % |
| Tencent Holdings Ltd. | 0.37 % | 3.17 % |
| Alibaba Group Holding Limited | 0.26 % | 2.24 % |
| MediaTek Inc | 0.17 % | 1.49 % |
| Hon Hai Precision Industry Co. Ltd. | 0.10 % | 0.85 % |
| Delta Electronics Inc. | 0.10 % | 0.84 % |
| Samsung Electronics Co Ltd Pfd Non-Voting | 0.10 % | 0.82 % |
| China Construction Bank Corporation Class H | 0.09 % | 0.82 % |
| HDFC Bank Limited | 0.08 % | 0.72 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (SPYY and SPYM); of those we could attribute 91.0 % and 78.2 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 504 shared trading days.