MSCI Emerging Markets or MSCI China? Comparison, Returns & Historical Performance
The two indices share 17.3 % of their weight across 534 companies, and their daily returns correlate at 0.67. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by side
| MSCI Emerging Markets | MSCI China | |
|---|---|---|
| Holdings covered | 1,064 | 552 |
| Volatility | 21.8 % | 27.7 % |
| Max drawdown | -18.7 % | -26.7 % |
| Cheapest ETF we cover | SPYM · 0.18 % | – |
The largest shared positions
| Company | MSCI Emerging Markets | MSCI China |
|---|---|---|
| Tencent Holdings Ltd | 2.66 % | 13.68 % |
| Alibaba Group Holding Limited | 1.90 % | 9.22 % |
| China Construction Bank Corporation Class H | 0.85 % | 4.26 % |
| Bank of China Limited Class H | 0.41 % | 2.10 % |
| Meituan Class B | 0.38 % | 1.92 % |
| Ping An Insurance (Group) Company of China Ltd. Class H | 0.34 % | 1.70 % |
| Netease Inc | 0.34 % | 1.71 % |
| PDD Holdings Inc. Sponsored ADR Class A | 0.33 % | 1.65 % |
| Lenovo Group Limited | 0.29 % | 1.34 % |
| JD.com Inc. Class A | 0.26 % | 1.26 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (SPYM and XCS7); of those we could attribute 77.8 % and 86.8 % 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 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 %
MSCI China
- Tencent Holdings Ltd 13.68 %
- Alibaba Group Holding Limited 9.22 %
- China Construction Bank Corporation Class H 4.26 %
- Xiaomi 2.33 %
- Bank of China Limited Class H 2.10 %
Meituan Class B 1.92 %- Netease Inc 1.71 %
- Ping An Insurance (Group) Company of China Ltd. Class H 1.70 %
PDD Holdings Inc. Sponsored ADR Class A 1.65 %- BYD Company Limited Class H 1.56 %
More comparisons with these indices
| Comparison | Overlap |
|---|---|
| MSCI Emerging Markets vs MSCI EM IMI | 65 % |
| MSCI ACWI vs MSCI Emerging Markets | 9 % |
| MSCI World vs MSCI Emerging Markets | 0 % |
| S&P 500 vs MSCI Emerging Markets | 0 % |
In the Alysly network
How MSCI Emerging Markets connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.