S&P 500 or MSCI World ex USA?

The two indices share 0.0 % of their weight across 0 companies, and their daily returns correlate at 0.75. Small overlap and limited co-movement: these are two genuinely different building blocks.

Side by side

Overlap and shared positions are computed from the holdings of one representative ETF each (SPYL and EXUS); of those we could attribute 97.5 % and 83.1 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 510 shared trading days.

Data note 1

Data note 2

The largest single holdings

More comparisons with these indices

• S&P 500 vs MSCI USA94 %
• MSCI World vs S&P 50068 %
• S&P 500 vs Nasdaq 10054 %
• S&P 500 vs S&P 500 Informationstechnologie38 %
• S&P 500 vs Dow Jones28 %
• MSCI World vs MSCI World ex USA23 %
• S&P 500 vs Euro STOXX 500 %
• S&P 500 vs MSCI Emerging Markets0 %
• S&P 500 vs Russell 20000 %
• S&P 500 vs STOXX Europe 6000 %