MSCI World or MSCI Emerging Markets?
The two indices share 0.0 % of their weight across 0 companies, and their daily returns correlate at 0.74. Small overlap and limited co-movement: these are two genuinely different building blocks.
Side by side
| MSCI World | MSCI Emerging Markets | |
|---|---|---|
| Holdings covered | 1,147 | 1,077 |
| Volatility | 15.8 % | 22.0 % |
| Max drawdown | -16.9 % | -18.7 % |
| Cheapest ETF we cover | SPPW · 0.12 % | SPYM · 0.18 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDWD and SPYM); of those we could attribute 93.4 % and 78.2 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 504 shared trading days.