MSCI World or MSCI World ex USA? Comparison, Returns & Historical Performance
The two indices share 24.1 % of their weight across 653 companies, and their daily returns correlate at 0.86. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by side
| MSCI World | MSCI World ex USA | |
|---|---|---|
| Holdings covered | 1,131 | 653 |
| Volatility | 15.5 % | 16.4 % |
| Max drawdown | -16.9 % | -14.1 % |
| Cheapest ETF we cover | SPPW · 0.12 % | – |
The largest shared positions
| Company | MSCI World | MSCI World ex USA |
|---|---|---|
| ASML Holding NV | 0.71 % | 2.60 % |
| HSBC Holdings plc | 0.38 % | 1.41 % |
| Royal Bank of Canada | 0.31 % | 1.14 % |
| Shell plc | 0.29 % | 1.06 % |
| Novartis AG | 0.28 % | 1.03 % |
| Astrazeneca plc | 0.28 % | 1.02 % |
| Mitsubishi UFJ Financial Group Inc. | 0.27 % | 0.99 % |
| Nestle S.A. | 0.26 % | 0.96 % |
| Siemens N AG | 0.24 % | 0.89 % |
| BHP Group Ltd. | 0.24 % | 0.89 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDWL and EXU1); of those we could attribute 94.7 % and 87.8 % 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 World ex USA
- ASML Holding NV 2.60 %
- HSBC Holdings plc 1.41 %
- Roche PS Par AG 1.23 %
Royal Bank of Canada 1.14 %- Shell plc 1.06 %
- Novartis AG 1.03 %
Astrazeneca plc 1.02 %- Mitsubishi UFJ Financial Group Inc. 0.99 %
Nestle S.A. 0.96 %
BHP Group Ltd. 0.89 %
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 SRI | 24 % |
| MSCI World vs MSCI World Value | 15 % |
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