MSCI World or MSCI Japan? Comparison, Returns & Historical Performance
The two indices share 5.1 % of their weight across 150 companies, and their daily returns correlate at 0.78. Small overlap and limited co-movement: these are two genuinely different building blocks.
Side by side
| MSCI World | MSCI Japan | |
|---|---|---|
| Holdings covered | 1,131 | 150 |
| Volatility | 15.5 % | 20.9 % |
| Max drawdown | -16.9 % | -16.0 % |
| Cheapest ETF we cover | SPPW · 0.12 % | ZPDJ · 0.12 % |
The largest shared positions
| Company | MSCI World | MSCI Japan |
|---|---|---|
| Mitsubishi UFJ Financial Group Inc. | 0.27 % | 4.67 % |
| Tokyo Electron Ltd. | 0.17 % | 2.72 % |
| Sumitomo Mitsui Financial Group Inc. | 0.17 % | 3.00 % |
| Hitachi Ltd. | 0.17 % | 2.90 % |
| Advantest Corp. | 0.16 % | 2.65 % |
| Sony Group Corporation | 0.15 % | 2.62 % |
| Kioxia Holdings Corporation | 0.15 % | 2.29 % |
| Mizuho Financial Group Inc. | 0.14 % | 2.38 % |
| Mitsubishi Corporation | 0.11 % | 1.83 % |
| Tokio Marine Holdings Inc. | 0.10 % | 1.78 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDWL and XM1D); of those we could attribute 94.7 % and 86.1 % 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 Japan
- Mitsubishi UFJ Financial Group Inc. 4.67 %
- Toyota Motor Corp. 3.45 %
- Sumitomo Mitsui Financial Group Inc. 3.00 %
Hitachi Ltd. 2.90 %
Softbank 2.78 %- Recruit Holdings Co. Ltd. 2.77 %
Tokyo Electron Ltd. 2.72 %
Advantest Corp. 2.65 %- Sony Group Corporation 2.62 %
- Mizuho Financial Group Inc. 2.38 %
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 % |
| 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