MSCI Europe or STOXX Europe 600? Returns Compared
The two indices share 79.1% of their weight across 330 companies, and their daily returns correlate at 0.00. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by Side
| MSCI Europe | STOXX Europe 600 | |
|---|---|---|
| Holdings covered | 341 | 548 |
| Volatility | 16.5% | – |
| Max drawdown | -14.7% | – |
| Cheapest ETF we cover | SPYE · 0.08% | EXSA · 0.20% |
The Largest Shared Positions
| Company | MSCI Europe | STOXX Europe 600 |
|---|---|---|
| ASML Holding NV | 4.87% | 4.45% |
| HSBC Holdings plc | 2.49% | 2.27% |
| Novartis AG | 1.91% | 1.81% |
| Shell Plc | 2.00% | 1.75% |
| Astrazeneca plc | 1.82% | 1.70% |
| Nestle S.A. | 1.73% | 1.58% |
| Siemens N AG | 1.66% | 1.54% |
| SAP SE | 1.55% | 1.41% |
| TotalEnergies SE | 1.28% | 1.37% |
| Allianz SE | 1.33% | 1.21% |
Overlap and shared positions are computed from the holdings of one representative ETF each (XIEE and XSX7); of those we could attribute 86.3% and 86.9% of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 0 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%
STOXX Europe 600
- ASML Holding NV 4.45%
- HSBC Holdings plc 2.27%
- Roche PS Par AG 2.02%
- Novartis AG 1.81%
- Shell Plc 1.75%
- Astrazeneca plc 1.70%
- Nestle S.A. 1.58%
- Siemens N AG 1.54%
- Banco Santander 1.42%
- SAP SE 1.41%
More Comparisons With These Indices
| Comparison | Overlap |
|---|---|
| MSCI Europe vs MSCI EMU | 46% |
| MSCI Europe vs Euro STOXX 50 | 30% |
| MSCI Europe vs DAX | 14% |
| MSCI World vs MSCI Europe | 13% |
| MSCI World vs STOXX Europe 600 | 13% |
| DAX vs STOXX Europe 600 | 13% |
| MSCI Europe vs MSCI Europe Small Cap | 0% |
| S&P 500 vs STOXX Europe 600 | 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