S&P 500 or MSCI Emerging Markets? Returns Compared
The two indices share 0.0% of their weight across 0 companies, and their daily returns correlate at 0.67. Small overlap and limited co-movement: these are two genuinely different building blocks.
Side by Side
| S&P 500 | MSCI Emerging Markets | |
|---|---|---|
| Holdings covered | 474 | 1,064 |
| Volatility | 16.5% | 21.9% |
| Max drawdown | -19.0% | -18.7% |
| Cheapest ETF we cover | SPYL · 0.03% | SPYM · 0.18% |
Overlap and shared positions are computed from the holdings of one representative ETF each (SXR8 and SPYM); of those we could attribute 97.5% and 78.2% 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
S&P 500
NVIDIA Corporation 8.14%
Apple Inc. 7.44%
Microsoft Corporation 5.73%
Amazon.com Inc. 3.66%
Alphabet Inc. Class A 3.02%
Broadcom Inc. 2.51%
Meta Platforms Inc Class A 2.48%- Alphabet Inc. Class C 2.42%
Micron Technology Inc. 1.83%
Tesla Inc. 1.57%
MSCI Emerging Markets
- Taiwan Semiconductor Manufacturing Co. Ltd. 15.35%
Samsung Electronics Co. Ltd. 7.87%
SK hynix Inc. 6.06%- Tencent Holdings Ltd 2.74%
MediaTek Inc 1.92%- Alibaba Group Holding Limited 1.86%
- Samsung Electronics Co Ltd Pfd Non-Voting 1.04%
Delta Electronics Inc. 0.93%- China Construction Bank Corporation Class H 0.83%
Hon Hai Precision Industry Co. Ltd. 0.77%
More Comparisons With These Indices
In the Alysly Network
The map shows how S&P 500 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
- SPYL ETF · tracks
- SXR8 ETF · tracks
- SPY5 ETF · tracks