MSCI World or MSCI ACWI? Comparison, Returns & Historical Performance
The two indices share 83.4 % of their weight across 1,131 companies, and their daily returns correlate at 0.99. Holding both means buying much of the same thing twice — little is gained in spread, the weights simply shift.
Side by side
| MSCI World | MSCI ACWI | |
|---|---|---|
| Holdings covered | 1,131 | 2,033 |
| Volatility | 15.5 % | 15.7 % |
| Max drawdown | -16.9 % | -16.5 % |
| Cheapest ETF we cover | SPPW · 0.12 % | SPYY · 0.12 % |
The largest shared positions
| Company | MSCI World | MSCI ACWI |
|---|---|---|
| NVIDIA Corporation | 5.62 % | 4.97 % |
| Apple Inc. | 5.43 % | 4.80 % |
| Microsoft Corporation | 3.83 % | 3.39 % |
| Amazon.com Inc. | 2.70 % | 2.39 % |
| Alphabet Inc. Class A | 2.26 % | 2.00 % |
| Broadcom Inc. | 1.78 % | 1.57 % |
| Alphabet Inc. Class C | 1.77 % | 1.56 % |
| Meta Platforms Inc Class A | 1.61 % | 1.42 % |
| Micron Technology Inc. | 1.26 % | 1.12 % |
| Tesla Inc. | 1.15 % | 1.01 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDWL and SPYY); of those we could attribute 94.7 % and 92.5 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 534 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 %
MSCI ACWI
- NVIDIA Corporation 4.97 %
- Apple Inc. 4.80 %
- Microsoft Corporation 3.39 %
- Amazon.com Inc. 2.39 %
- Alphabet Inc. Class A 2.00 %
- Taiwan Semiconductor Manufacturing Co. Ltd. 1.85 %
- Broadcom Inc. 1.57 %
- Alphabet Inc. Class C 1.56 %
- Meta Platforms Inc Class A 1.42 %
- Micron Technology Inc. 1.12 %
More comparisons with these indices
| Comparison | Overlap |
|---|---|
| MSCI World vs MSCI World IMI | 84 % |
| MSCI ACWI vs MSCI ACWI IMI | 74 % |
| 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 % |
| 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 % |
| MSCI World vs MSCI World SRI | 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