MSCI Europe or Euro STOXX 50? Returns Compared
The two indices share 30.4% of their weight across 43 companies, and their daily returns correlate at 0.95. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by Side
| MSCI Europe | Euro STOXX 50 | |
|---|---|---|
| Holdings covered | 341 | 43 |
| Volatility | 16.5% | 18.9% |
| Max drawdown | -14.7% | -16.1% |
| Cheapest ETF we cover | SPYE · 0.08% | – |
The Largest Shared Positions
| Company | MSCI Europe | Euro STOXX 50 |
|---|---|---|
| ASML Holding NV | 4.87% | 10.27% |
| Siemens N AG | 1.66% | 4.54% |
| SAP SE | 1.55% | 4.16% |
| Allianz SE | 1.33% | 3.58% |
| TotalEnergies SE | 1.28% | 4.06% |
| Banco Bilbao Vizcaya Argentaria S.A. | 1.16% | 3.13% |
| Iberdrola SA | 1.04% | 2.80% |
| Safran SA | 0.95% | 2.76% |
| Airbus Group | 0.94% | 2.52% |
| UniCredit S.p.A. | 0.94% | 2.81% |
Overlap and shared positions are computed from the holdings of one representative ETF each (XIEE and XESC); of those we could attribute 86.3% and 82.7% of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 540 shared trading days.
The Largest Single Holdings
MSCI Europe
- ASML Holding NV 4.87%
- HSBC Holdings plc 2.49%
- Roche PS Par AG 2.21%
- Shell Plc 2.00%
- Novartis AG 1.91%
Astrazeneca plc 1.82%
Nestle S.A. 1.73%
Siemens N AG 1.66%- SAP SE 1.55%
- Banco Santander 1.48%
Euro STOXX 50
- ASML Holding NV 10.27%
- Siemens N AG 4.54%
- Banco Santander 4.20%
- SAP SE 4.16%
TotalEnergies SE 4.06%- Schneider Electric SE 3.74%
Allianz SE 3.58%
Banco Bilbao Vizcaya Argentaria S.A. 3.13%
UniCredit S.p.A. 2.81%
Iberdrola SA 2.80%
More Comparisons With These Indices
| Comparison | Overlap |
|---|---|
| MSCI Europe vs STOXX Europe 600 | 79% |
| MSCI Europe vs MSCI EMU | 46% |
| DAX vs Euro STOXX 50 | 31% |
| MSCI Europe vs DAX | 14% |
| MSCI World vs MSCI Europe | 13% |
| MSCI Europe vs MSCI Europe Small Cap | 0% |
| S&P 500 vs Euro STOXX 50 | 0% |
In the Alysly Network
The map shows how MSCI Europe connects to ETFs, indices and other names. Each link is based on measured data and is not a recommendation.
- ASML Holding Stock · contains
- Astrazeneca Stock · contains
- HSBC Holdings Stock · contains
- Nestle S.A. Stock · contains
- Novartis Stock · contains
- SAP Stock · contains
- Shell Plc Stock · contains
- Siemens N Stock · contains
- IMEA ETF · tracks
- SPYE ETF · tracks
- XMEU ETF · tracks
- XIEE ETF · tracks