MSCI Europe or DAX?
The two indices share 11.3 % of their weight across 33 companies, and their daily returns correlate at 0.91. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by side
| MSCI Europe | DAX | |
|---|---|---|
| Holdings covered | 344 | 33 |
| Volatility | 16.8 % | 19.2 % |
| Max drawdown | -14.7 % | -16.0 % |
| Cheapest ETF we cover | SPYE · 0.08 % | DBXD · 0.09 % |
The largest shared positions
| Company | MSCI Europe | DAX |
|---|---|---|
| Siemens N AG | 1.62 % | 11.31 % |
| Allianz SE | 1.31 % | 9.27 % |
| Airbus Group | 1.01 % | 7.03 % |
| Siemens Energy N AG | 0.95 % | 7.00 % |
| Infineon Technologies AG | 0.64 % | 4.55 % |
| Munchener Ruckversicherungs-Gesellschaft AG | 0.53 % | 3.66 % |
| Deutsche Bank Aktiengesellschaft | 0.48 % | 3.53 % |
| Rheinmetall AG | 0.42 % | 2.97 % |
| Deutsche Post AG | 0.40 % | 2.91 % |
| Deutsche Boerse AG | 0.40 % | 2.86 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (XMEU and DBXD); of those we could attribute 78.9 % and 80.0 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 510 shared trading days.
The largest single holdings
MSCI Europe
- ASML Holding Adr Representing 4.64 %
- HSBC Holdings plc 2.42 %
- Roche PS Par AG 2.22 %
- Novartis AG 1.96 %
- Nestle S.A. 1.76 %
Shell plc 1.71 %
Astrazeneca plc 1.68 %- Siemens N AG 1.62 %
- SAP SE 1.48 %
- Banco Santander 1.45 %
DAX
- Siemens N AG 11.31 %
- SAP SE 10.10 %
Allianz SE 9.27 %
Airbus Group 7.03 %- Siemens Energy N AG 7.00 %
- Deutsche Telekom N AG 5.42 %
- Infineon Technologies AG 4.55 %
- Munchener Ruckversicherungs-Gesellschaft AG 3.66 %
- Deutsche Bank Aktiengesellschaft 3.53 %
Rheinmetall AG 2.97 %
More comparisons with these indices
- MSCI Europe vs STOXX Europe 60073 %
- MSCI Europe vs MSCI EMU39 %
- DAX vs Euro STOXX 5026 %
- MSCI Europe vs Euro STOXX 5023 %
- MSCI World vs MSCI Europe13 %
- DAX vs STOXX Europe 60010 %
- MSCI World vs DAX2 %
- MSCI Europe vs MSCI Europe Small Cap0 %
In the Alysly network
How MSCI Europe connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.
- Astrazeneca Stock · contains
- HSBC Holdings Stock · contains
- Nestle S.A. Stock · contains
- Novartis Stock · contains
- Shell Stock · contains
- Siemens N Stock · contains
- IMEA ETF · tracks
- SPYE ETF · tracks
- XMEU ETF · tracks
- XIEE ETF · tracks