MSCI Emerging Markets or MSCI EM IMI?
The two indices share 65.0 % of their weight across 1,077 companies, and their daily returns correlate at 1.00. Holding both means buying much of the same thing twice — little is gained in spread, the weights simply shift.
Side by side
| MSCI Emerging Markets | MSCI EM IMI | |
|---|---|---|
| Holdings covered | 1,077 | 2,940 |
| Volatility | 22.0 % | 21.4 % |
| Max drawdown | -18.7 % | -19.0 % |
| Cheapest ETF we cover | SPYM · 0.18 % | IS3N · 0.18 % |
The largest shared positions
| Company | MSCI Emerging Markets | MSCI EM IMI |
|---|---|---|
| Samsung Electronics Co. Ltd. | 6.37 % | 5.54 % |
| SK hynix Inc. | 4.87 % | 4.24 % |
| Tencent Holdings Ltd. | 3.17 % | 2.75 % |
| Alibaba Group Holding Limited | 2.24 % | 1.95 % |
| MediaTek Inc | 1.49 % | 1.30 % |
| Delta Electronics Inc. | 0.84 % | 0.75 % |
| Hon Hai Precision Industry Co. Ltd. | 0.85 % | 0.74 % |
| China Construction Bank Corporation Class H | 0.82 % | 0.71 % |
| Samsung Electronics Co Ltd Pfd Non-Voting | 0.82 % | 0.71 % |
| HDFC Bank Limited | 0.72 % | 0.64 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (SPYM and IS3N); of those we could attribute 78.2 % and 80.4 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 504 shared trading days.