MSCI World or MSCI EMU? Returns Compared
The two indices share 7.2% of their weight across 190 companies, and their daily returns correlate at 0.81. Small overlap and limited co-movement: these are two genuinely different building blocks.
Side by Side
| MSCI World | MSCI EMU | |
|---|---|---|
| Holdings covered | 1,130 | 191 |
| Volatility | 15.5% | 18.2% |
| Max drawdown | -16.9% | -15.0% |
| Cheapest ETF we cover | SPPW · 0.12% | ZPRE · 0.08% |
The Largest Shared Positions
| Company | MSCI World | MSCI EMU |
|---|---|---|
| ASML Holding NV | 0.73% | 8.94% |
| Siemens N AG | 0.25% | 3.04% |
| SAP SE | 0.23% | 2.85% |
| Allianz SE | 0.20% | 2.44% |
| TotalEnergies SE | 0.19% | 2.35% |
| Banco Bilbao Vizcaya Argentaria S.A. | 0.17% | 2.13% |
| Iberdrola SA | 0.16% | 1.91% |
| Safran SA | 0.14% | 1.76% |
| Airbus Group | 0.14% | 1.73% |
| UniCredit S.p.A. | 0.14% | 1.72% |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDWL and XEMU); of those we could attribute 94.6% and 84.7% 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 World
NVIDIA Corporation 5.64%
Apple Inc. 5.46%
Microsoft Corporation 3.97%
Amazon.com Inc. 2.64%
Alphabet Inc. Class A 2.20%
Meta Platforms Inc Class A 1.80%- Alphabet Inc. Class C 1.74%
Broadcom Inc. 1.74%
Micron Technology Inc. 1.33%
Tesla Inc. 1.16%
MSCI EMU
- ASML Holding NV 8.94%
Siemens N AG 3.04%- SAP SE 2.85%
- Banco Santander 2.71%
Allianz SE 2.44%- Schneider Electric SE 2.42%
TotalEnergies SE 2.35%
Banco Bilbao Vizcaya Argentaria S.A. 2.13%
Iberdrola SA 1.91%
Safran SA 1.76%
More Comparisons With These Indices
| Comparison | Overlap |
|---|---|
| MSCI World vs MSCI World IMI | 85% |
| 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 Europe vs MSCI EMU | 46% |
| MSCI World vs Nasdaq 100 | 41% |
| MSCI World vs MSCI World Quality | 40% |
| MSCI World vs MSCI World Informationstechnologie | 31% |
| MSCI World vs MSCI World Momentum | 31% |
| MSCI World vs MSCI World Minimum Volatility | 28% |
| MSCI World vs MSCI World SRI | 24% |
In the Alysly Network
The map shows how MSCI World connects to ETFs, indices and other names. Each link is based on measured data and is 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