MSCI World ex USA Index
The index holds the MSCI World developed markets minus the US market. It is typically used as a building block to reduce or separately control a portfolio’s US weight.
The constituents come from the MSCI World, where the history and composition of the full index are shown.
The ten largest holdings make up 12.9% of the MSCI World ex USA, out of 733 holdings in total; the largest sector is Financials at 27.3% (as of Oct 31, 2026).
Composition – 50 Largest Holdings
Based on: Xtrackers MSCI World Ex USA UCITS ETF 1d · as of Oct 31, 2026 · 733 holdings
| # | Stock | Ticker | Sector | Country | Weight |
|---|---|---|---|---|---|
| 1 | ASML Holding NV | ASML | Information Technology | Netherlands | 2.65% |
| 2 | Roche PS Par AG | Health Care | Switzerland | 1.39% | |
| 3 | Shell Plc | SHELL | Energy | Netherlands | 1.27% |
| 4 | HSBC Holdings plc | HSBA | Financials | United Kingdom | 1.21% |
| 5 | Novartis AG | NOVN | Health Care | Switzerland | 1.19% |
| 6 |  Royal Bank of Canada | RY | Financials | Canada | 1.16% |
| 7 |  Astrazeneca plc | AZN | Health Care | United Kingdom | 1.07% |
| 8 |  Nestle S.A. | NESN | Consumer Staples | Switzerland | 1.05% |
| 9 | SAP SE | SAP | Information Technology | Germany | 0.96% |
| 10 | Mitsubishi UFJ Financial Group Inc. | 8306 | Financials | Japan | 0.95% |
Show holdings 11 to 50
Siemens N AG 0.90%
Toronto-Dominion Bank 0.86%
BHP Group Ltd. 0.84%
Shopify Subordinate Voting Class A 0.82%
Commonwealth Bank of Australia 0.80%
Allianz SE 0.76%- Toyota Motor Corp. 0.75%
TotalEnergies SE 0.75%
Advantest Corp. 0.70%- Banco Santander 0.68%
- Recruit Holdings Co. Ltd. 0.65%
Iberdrola SA 0.62%- Schneider Electric SE 0.62%
- UBS Group AG 0.61%
- Sumitomo Mitsui Financial Group Inc. 0.61%
- Sony Group Corporation 0.59%
Rolls-Royce Holdings plc 0.58%
Hitachi Ltd. 0.58%
Tokyo Electron Ltd. 0.58%- Unilever plc 0.56%
ABB Ltd. 0.56%
Banco Bilbao Vizcaya Argentaria S.A. 0.55%
BP plc 0.53%
Airbus Group 0.53%- RIO Tinto 0.52%
- Novo Nordisk A/S Class B 0.51%
Air Liquide SA 0.50%- British American Tobacco p.l.c. 0.49%
Bank of Montreal 0.49%
DBS Group Holdings Ltd. 0.48%
Siemens Energy N AG 0.48%
Bank of Nova Scotia 0.48%- Mizuho Financial Group Inc. 0.47%
Canadian Natural Resources Limited 0.47%
L'Oreal S.A. 0.46%
UniCredit S.p.A. 0.46%
Softbank 0.46%
Zurich Insurance Group Ltd 0.45%
Canadian Imperial Bank of Commerce 0.44%
Enbridge Inc. 0.44%
Sectors
Countries
MSCI World ex USA Price Chart
The chart shows daily closing prices and is set to the current year by default. The price is up 7.6% year to date and up 9.2% over twelve months. The last recorded close on October 30, 2026, was at 69% of the 52-week range.
The chart shows the iShares MSCI EAFE ETF (EFA). EAFE covers Europe, Australasia and the Far East — unlike the MSCI World ex USA it excludes Canada.
Price series from our database since Aug 2, 2024, 564 daily values.
MSCI World ex USA Performance
| Year to date | +7.6% | 1 month | -0.5% |
|---|---|---|---|
| 3 months | -2.1% | 1 year | +9.2% |
| Calendar year 2025 | +27.0% |
MSCI World ex USA Index Funds and ETFs
ETFs Tracking This Index
Next Events
Technical Analysis: MSCI World ex USA
Risk Metrics
Correlations (90 Trading Days)
| Instrument | r | −1 … +1 |
|---|---|---|
| MSCI Europe | +0.96 | |
| Euro STOXX 50 | +0.94 | |
| MSCI EMU | +0.94 | |
| USD/CHF | -0.42 | |
| Exxonmobil Holdings Corporation | -0.40 | |
| Chevron Corporation | -0.39 |
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.
