S&P 500 or MSCI USA? Returns Compared
The two indices share 93.9% of their weight across 412 companies, and their daily returns correlate at 0.00. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by Side
| S&P 500 | MSCI USA | |
|---|---|---|
| Holdings covered | 474 | 478 |
| Volatility | 16.5% | – |
| Max drawdown | -19.0% | – |
| Cheapest ETF we cover | SPYL · 0.03% | – |
The Largest Shared Positions
| Company | S&P 500 | MSCI USA |
|---|---|---|
| NVIDIA Corporation | 8.14% | 7.73% |
| Apple Inc. | 7.44% | 7.48% |
| Microsoft Corporation | 5.73% | 5.44% |
| Amazon.com Inc. | 3.66% | 3.61% |
| Alphabet Inc. Class A | 3.02% | 3.02% |
| Meta Platforms Inc Class A | 2.48% | 2.47% |
| Broadcom Inc. | 2.51% | 2.38% |
| Alphabet Inc. Class C | 2.42% | 2.38% |
| Micron Technology Inc. | 1.83% | 1.83% |
| Tesla Inc. | 1.57% | 1.59% |
Overlap and shared positions are computed from the holdings of one representative ETF each (SXR8 and XD9D); of those we could attribute 97.5% and 97.2% of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 0 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 USA
- NVIDIA Corporation 7.73%
- Apple Inc. 7.48%
- Microsoft Corporation 5.44%
- Amazon.com Inc. 3.61%
- Alphabet Inc. Class A 3.02%
- Meta Platforms Inc Class A 2.47%
- Broadcom Inc. 2.38%
- Alphabet Inc. Class C 2.38%
- Micron Technology Inc. 1.83%
- Tesla Inc. 1.59%
More Comparisons With These Indices
| Comparison | Overlap |
|---|---|
| MSCI World vs MSCI USA | 71% |
| MSCI World vs S&P 500 | 69% |
| S&P 500 vs Nasdaq 100 | 55% |
| S&P 500 vs S&P 500 Informationstechnologie | 39% |
| MSCI USA vs MSCI USA Informationstechnologie | 39% |
| S&P 500 vs Dow Jones | 29% |
| S&P 500 vs Euro STOXX 50 | 0% |
| S&P 500 vs MSCI Emerging Markets | 0% |
| S&P 500 vs MSCI World ex USA | 0% |
| S&P 500 vs Russell 2000 | 0% |
| S&P 500 vs STOXX Europe 600 | 0% |
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