MSCI World or MSCI Europe? Comparison, Returns & Historical Performance
The two indices share 13.5 % of their weight across 342 companies, and their daily returns correlate at 0.81. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by side
| MSCI World | MSCI Europe | |
|---|---|---|
| Holdings covered | 1,131 | 342 |
| Volatility | 15.5 % | 16.6 % |
| Max drawdown | -16.9 % | -14.7 % |
| Cheapest ETF we cover | SPPW · 0.12 % | SPYE · 0.08 % |
The largest shared positions
| Company | MSCI World | MSCI Europe |
|---|---|---|
| ASML Holding NV | 0.71 % | 4.51 % |
| HSBC Holdings plc | 0.38 % | 2.52 % |
| Shell plc | 0.29 % | 1.97 % |
| Novartis AG | 0.28 % | 1.84 % |
| Astrazeneca plc | 0.28 % | 1.79 % |
| Nestle S.A. | 0.26 % | 1.75 % |
| Siemens N AG | 0.24 % | 1.58 % |
| SAP SE | 0.23 % | 1.56 % |
| Allianz SE | 0.21 % | 1.41 % |
| TotalEnergies SE | 0.19 % | 1.26 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDWL and XIEE); of those we could attribute 94.7 % and 86.3 % 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 Europe
- ASML Holding NV 4.51 %
- HSBC Holdings plc 2.52 %
- Roche PS Par AG 2.20 %
- Shell plc 1.97 %
- Novartis AG 1.84 %
Astrazeneca plc 1.79 %
Nestle S.A. 1.75 %
Siemens N AG 1.58 %- SAP SE 1.56 %
- Banco Santander 1.51 %
More comparisons with these indices
| Comparison | Overlap |
|---|---|
| MSCI World vs MSCI World IMI | 84 % |
| MSCI World vs MSCI ACWI | 83 % |
| MSCI Europe vs STOXX Europe 600 | 79 % |
| 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 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 Europe vs Euro STOXX 50 | 30 % |
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