MSCI Europe Index
The MSCI Europe covers large- and mid-caps from 15 developed European markets – from the UK and France through Germany and Switzerland to Scandinavia.
The ten largest holdings make up 22.2% of the MSCI Europe, out of 387 holdings in total; the largest sector is Financials at 24.8% (as of Oct 11, 2026).
Composition – 50 Largest Holdings
Based on: Xtrackers MSCI Europe UCITS ETF 1d · as of Oct 11, 2026 · 387 holdings
| # | Stock | Ticker | Sector | Country | Weight |
|---|---|---|---|---|---|
| 1 | ASML Holding NV | ASML | Information Technology | Netherlands | 5.32% |
| 2 | HSBC Holdings plc | HSBA | Financials | United Kingdom | 2.35% |
| 3 | Roche PS Par AG | ROP | Health Care | Switzerland | 2.23% |
| 4 | Shell Plc | SHELL | Energy | Netherlands | 2.17% |
| 5 | Novartis AG | NOVN | Health Care | Switzerland | 1.94% |
| 6 |  Astrazeneca plc | AZN | Health Care | United Kingdom | 1.78% |
| 7 |  Nestle S.A. | NESN | Consumer Staples | Switzerland | 1.76% |
| 8 |  Siemens N AG | SIE | Industrials | Germany | 1.61% |
| 9 | SAP SE | SAP | Information Technology | Germany | 1.57% |
| 10 | Banco Santander | Financials | Spain | 1.43% |
Show holdings 11 to 50
Allianz SE 1.32%
TotalEnergies SE 1.26%- Schneider Electric SE 1.21%
Rolls-Royce Holdings plc 1.13%
Iberdrola SA 1.10%
ABB Ltd. 1.10%- UBS Group AG 1.09%
Banco Bilbao Vizcaya Argentaria S.A. 1.08%- Unilever plc 0.99%
Airbus Group 0.94%
Siemens Energy N AG 0.93%
BP plc 0.91%- Novo Nordisk A/S Class B 0.91%
Safran SA 0.90%
UniCredit S.p.A. 0.86%- British American Tobacco p.l.c. 0.83%
Compagnie Financiere Richemont SA 0.82%
LVMH Moet Hennessy Louis Vuitton SE 0.79%- Deutsche Telekom N AG 0.77%
Zurich Insurance Group Ltd 0.76%- RIO Tinto 0.74%
BNP Paribas S.A. Class A 0.74%
Intesa Sanpaolo S.p.A. 0.72%- ING Groep N.V. 0.71%
Glaxosmithkline 0.70%- Sanofi SA 0.65%
Infineon Technologies AG 0.65%- L Air Liquide 0.64%
- Lloyds Banking Group plc 0.58%
Spotify Technology SA 0.58%- Barclays plc 0.57%
- National Grid plc 0.57%
Enel SpA 0.56%
Munchener Ruckversicherungs-Gesellschaft AG 0.56%
AXA SA 0.55%
BAE Systems plc 0.54%
L'Oreal S.A. 0.53%- Investor AB Class B 0.53%
- Glencore plc 0.53%
- Anheuser-Busch InBev SA/NV 0.52%
Sectors
Countries
Weighting Since 2019
Measured by iShares Core MSCI Europe (IMEA), a fund tracking this index, the ten largest holdings accounted for 18.6% of the fund's total weight on Sep 30, 2019; on Oct 8, 2026 it was 22.2%. The effective number of holdings shows how many equally weighted positions the actual weights amount to: the more uneven the weights, the lower the number. It fell from 130 to 101 over this period, while the fund most recently held 383 actual positions.
| As of | Positions | Top 10 | Effective holdings |
|---|---|---|---|
| Dec 31, 2019 | 436 | 18.1% | 137 |
| Dec 31, 2020 | 434 | 18.6% | 140 |
| Dec 31, 2021 | 430 | 19.7% | 132 |
| Dec 30, 2022 | 424 | 22.6% | 115 |
| Dec 29, 2023 | 423 | 22.0% | 116 |
| Dec 31, 2024 | 413 | 21.0% | 121 |
| Dec 31, 2025 | 402 | 19.5% | 126 |
| Oct 8, 2026 | 383 | 22.2% | 101 |
MSCI Europe Price Chart
The chart shows daily closing prices and is set to the current year by default. The price is up 2.9% year to date and up 7.4% over twelve months. The last recorded close on October 9, 2026 was at 53% of the 52-week range.
The chart shows the Vanguard FTSE Developed Europe ETF (VGK), tracking FTSE Developed Europe — nearly the same companies as the MSCI Europe, but a different index family with slightly different country and size cut-offs.
Price series from our database since Aug 2, 2024, 549 daily values.
MSCI Europe Performance
| Year to date | +2.9% | 1 month | -4.6% |
|---|---|---|---|
| 3 months | -2.9% | 1 year | +7.4% |
| Calendar year 2025 | +31.7% |
MSCI Europe Index Funds and ETFs
ETFs Tracking This Index
- IMEA EU iShares Core MSCI Europe UCITS ETF EUR (Acc) · TER 0.12%
- SPYE EU State Street® SPDR® MSCI Europe UCITS ETF · TER 0.08% · 388 m cheapest largest
- XMEU EU Xtrackers MSCI Europe UCITS ETF 1c
- XIEE EU Xtrackers MSCI Europe UCITS ETF 1d
Portfolio With the MSCI Europe
This portfolio from our overview holds an ETF on the MSCI Europe. The calculation is based on the funds' daily net asset values and includes fund costs. The ETF overview compares all portfolios from a shared starting day.
50/30/20 With Europe
MSCI World + MSCI Emerging Markets + MSCI Europe
- 50.0% MSCI World (EUNL)
- 30.0% MSCI Emerging Markets (SPYM)
- 20.0% MSCI Europe (XMEU)
Europe on top, against the roughly 70 percent US weight in the world index.
Rebalanced to target weights once a year. Letting it run would have produced 8.65% per year – 0.30 points more.
Next Events
Technical Analysis: MSCI Europe
Risk Metrics
Correlations (90 Trading Days)
| Instrument | r | −1 … +1 |
|---|---|---|
| MSCI EMU | +0.93 | |
| MSCI World ex USA | +0.93 | |
| Euro STOXX 50 | +0.92 | |
| USD/CHF | -0.50 | |
| USD/JPY | -0.36 | |
| W. R. Berkley Corporation | -0.35 |
The strongest co-movers are listed at the top, the strongest inverse movers at the bottom. Low or negative correlations can help spread risk more broadly across a portfolio.
