S&P 500 or MSCI World ex USA? Returns Compared

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

S&P 500 or MSCI World ex USA? Returns Compared
S&P 500MSCI World ex USA
Holdings covered474653
Volatility16.5%16.4%
Max drawdown-19.0%-14.1%
Cheapest ETF we coverSPYL · 0.03%–

Overlap and shared positions are computed from the holdings of one representative ETF each (SXR8 and EXU1); of those we could attribute 97.5% and 87.5% of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 540 shared trading days.

Data note 1

Data note 2

The Largest Single Holdings

S&P 500

To the index page S&P 500

MSCI World ex USA

To the index page MSCI World ex USA

More Comparisons With These Indices

More comparisons with these indices
ComparisonOverlap
S&P 500 vs MSCI USA94%
MSCI World vs S&P 50069%
S&P 500 vs Nasdaq 10055%
S&P 500 vs S&P 500 Informationstechnologie39%
S&P 500 vs Dow Jones29%
MSCI World vs MSCI World ex USA24%
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%

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.

View the full data network