MSCI EMU

The MSCI EMU (European Economic and Monetary Union) index holds large- and mid-caps from euro-area countries. As all constituents trade in euro, euro-area investors face no currency risk.

2026+6.9 %

1J+12.0 %

52W

ETFs3

ETFs tracking this index

ZPRE EU State Street® SPDR® MSCI EMU UCITS ETF · TER 0.08 % · 354 m cheapest largest
XD5E EU Xtrackers MSCI EMU UCITS ETF 1d
XEMU EU Xtrackers MSCI EMU UCITS ETF 4c

Composition – 50 largest holdings

Based on: Xtrackers MSCI EMU UCITS ETF 4c · as of 2026-09-15 · 219 holdings

Composition – 50 largest holdings
#	Stock	Ticker	Sector	Country	Weight
1	ASML Holding NV	ASML	Information Technology	Netherlands	8.65 %
2	Siemens N AG	SIE	Industrials	Germany	2.89 %
3	Banco Santander		Financials	Spain	2.77 %
4	SAP SE	SAP	Information Technology	Germany	2.71 %
5	Allianz SE	ALV	Financials	Germany	2.54 %
6	Suncor Energy Inc (Canada)	SU	Industrials	France	2.41 %
7	TotalEnergies SE	TTE	Energy	France	2.30 %
8	Banco Bilbao Vizcaya Argentaria S.A.	BBVA	Financials	Spain	2.14 %
9	Iberdrola SA	IBE	Utilities	Spain	1.89 %
10	Airbus Group	AIR	Industrials	France	1.79 %

Show holdings 11 to 50

UniCredit S.p.A. 1.74 %
Safran SA 1.72 %
Siemens Energy N AG 1.69 %
LVMH Moet Hennessy Louis Vuitton SE 1.55 %
BNP Paribas S.A. Class A 1.55 %
Deutsche Telekom N AG 1.46 %
Intesa Sanpaolo S.p.A. 1.46 %
ING Groep N.V. 1.39 %
L Air Liquide 1.25 %
Banco Santander S.A. 1.21 %
Infineon Technologies AG 1.15 %
L'Oreal S.A. 1.08 %
Enel SpA 1.03 %
AXA SA 1.02 %
Munchener Ruckversicherungs-Gesellschaft AG 0.96 %
Anheuser-Busch InBev SA/NV 0.91 %
Deutsche Bank Aktiengesellschaft 0.90 %
Industria de Diseno Textil S.A. 0.89 %
Nordea Bank Abp 0.82 %
argenx SE 0.80 %
Dollar General Corporation 0.79 %
DHL N AG 0.76 %
Deutsche Boerse AG 0.76 %
Hermes International SCA 0.72 %
Nokia Oyj 0.72 %
Bayer AG 0.71 %
Societe Generale SA Class A 0.71 %
Caixabank SA 0.70 %
Rheinmetall AG 0.70 %
BASF SE 0.68 %
Eni S.p.A. 0.66 %
Ferrari 0.65 %
Prosus N.V. Class N 0.64 %
Essilorluxottica SA 0.64 %
E.on SE 0.60 %
Nebius Group N.V. Class A 0.59 %
Brookfield Corporation 0.59 %
ASM International N.V. 0.59 %
RWE AG 0.58 %
Erste Group Bank AG 0.57 %

Sectors

Financials27.6 %

Industrials19.5 %

Information Technology15.6 %

Consumer Discretionary7.8 %

Utilities6.1 %

Health Care5.7 %

Consumer Staples4.2 %

Energy4.1 %

Communication Services3.4 %

–2.8 %

Materials2.7 %

Real Estate0.6 %

Countries

France26.4 %

Germany24.8 %

Netherlands16.5 %

Spain11.3 %

Italy9.3 %

Finland3.5 %

Belgium2.4 %

Ireland1.5 %

Austria1.1 %

Luxembourg0.7 %

China0.6 %

Portugal0.6 %

Performance

Performance
Year to date	+6.9 %	1 month	-4.7 %
3 months	-1.1 %	1 year	+12.0 %
Calendar year 2025	+35.8 %

Risk metrics

Max drawdown-15.0 %

Volatility p.a.18.3 %

Correlations (90 trading days)

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlations (90 trading days)
Instrument	r	−1 … +1
MSCI World ex USA	+0.96
Euro STOXX 50	+0.94
MSCI Europe	+0.94
Waste Management Inc.	-0.47
Altria Group Inc.	-0.45
Chubb Limited	-0.44

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