MSCI World or DAX? Comparison, Returns & Historical Performance
The two indices share 2.1 % of their weight across 37 companies, and their daily returns correlate at 0.77. Small overlap and limited co-movement: these are two genuinely different building blocks.
Side by side
| MSCI World | DAX | |
|---|---|---|
| Holdings covered | 1,131 | 38 |
| Volatility | 15.5 % | 19.0 % |
| Max drawdown | -16.9 % | -16.0 % |
| Cheapest ETF we cover | SPPW · 0.12 % | DBXD · 0.09 % |
The largest shared positions
| Company | MSCI World | DAX |
|---|---|---|
| Siemens N AG | 0.24 % | 11.15 % |
| SAP SE | 0.23 % | 10.84 % |
| Allianz SE | 0.21 % | 9.78 % |
| Airbus Group | 0.14 % | 6.56 % |
| Siemens Energy N AG | 0.14 % | 6.57 % |
| Deutsche Telekom N AG | 0.12 % | 5.58 % |
| Infineon Technologies AG | 0.09 % | 4.05 % |
| Munchener Ruckversicherungs-Gesellschaft AG | 0.08 % | 3.69 % |
| Deutsche Bank Aktiengesellschaft | 0.07 % | 3.73 % |
| Rheinmetall AG | 0.06 % | 2.70 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDWL and XDDA); of those we could attribute 94.7 % and 97.9 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 550 shared trading days.
The largest single holdings
MSCI World
NVIDIA Corporation 5.62 %
Apple Inc. 5.43 %
Microsoft Corporation 3.83 %
Amazon.com Inc. 2.70 %
Alphabet Inc. Class A 2.26 %
Broadcom Inc. 1.78 %- Alphabet Inc. Class C 1.77 %
Meta Platforms Inc Class A 1.61 %
Micron Technology Inc. 1.26 %
Tesla Inc. 1.15 %
DAX
Siemens N AG 11.15 %- SAP SE 10.84 %
Allianz SE 9.78 %
Siemens Energy N AG 6.57 %
Airbus Group 6.56 %- Deutsche Telekom N AG 5.58 %
Infineon Technologies AG 4.05 %- Deutsche Bank Aktiengesellschaft 3.73 %
Munchener Ruckversicherungs-Gesellschaft AG 3.69 %
DHL N AG 3.05 %
More comparisons with these indices
| Comparison | Overlap |
|---|---|
| MSCI World vs MSCI World IMI | 84 % |
| MSCI World vs MSCI ACWI | 83 % |
| MSCI World vs MSCI USA | 71 % |
| MSCI World vs MSCI ACWI IMI | 70 % |
| MSCI World vs S&P 500 | 69 % |
| MSCI World vs MSCI World Quality | 40 % |
| MSCI World vs Nasdaq 100 | 40 % |
| DAX vs Euro STOXX 50 | 32 % |
| MSCI World vs MSCI World Momentum | 30 % |
| MSCI World vs MSCI World Informationstechnologie | 30 % |
| MSCI World vs MSCI World Minimum Volatility | 28 % |
| MSCI World vs MSCI World ex USA | 24 % |
In the Alysly network
How MSCI World connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.
- Apple Stock · contains
- Micron Technology Stock · contains
- Microsoft Corporation Stock · contains
- NVIDIA Corporation Stock · contains
- SWWD ETF · tracks
- EUNL ETF · tracks
- SPPW ETF · tracks
- XDWD ETF · tracks
- XDWL ETF · tracks
- URTH ETF · tracks