MSCI World ex USA
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.
2026+10.2 %
1J+13.1 %
52W
ETFs2
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.
ETFs tracking this index
Composition – 50 largest holdings
Based on: Xtrackers MSCI World Ex USA UCITS ETF 1d · as of 2026-09-15 · 737 holdings
| # | Stock | Ticker | Sector | Country | Weight |
|---|---|---|---|---|---|
| 1 | ASML Holding NV | ASML | Information Technology | Netherlands | 2.66 % |
| 2 | HSBC Holdings plc | HSBA | Financials | United Kingdom | 1.44 % |
| 3 | Roche PS Par AG | ROP | Health Care | Switzerland | 1.18 % |
| 4 |  Royal Bank of Canada | RY | Financials | Canada | 1.14 % |
| 5 | Shell plc | SHELL | Energy | Netherlands | 1.07 % |
| 6 | Mitsubishi UFJ Financial Group Inc. | 8306 | Financials | Japan | 1.02 % |
| 7 | Novartis AG | NOVN | Health Care | Switzerland | 1.00 % |
| 8 |  Nestle S.A. | NESN | Consumer Staples | Switzerland | 0.98 % |
| 9 |  Astrazeneca plc | AZN | Health Care | United Kingdom | 0.96 % |
| 10 |  Siemens N AG | SIE | Industrials | Germany | 0.89 % |
Show holdings 11 to 50
BHP Group Ltd. 0.88 %- Banco Santander 0.85 %
- SAP SE 0.83 %
Toronto-Dominion Bank 0.80 %
Allianz SE 0.78 %- Al-Elm Information Security 0.75 %
- Suncor Energy Inc (Canada) 0.74 %
Commonwealth Bank of Australia 0.74 %
TotalEnergies SE 0.71 %- UBS Group AG 0.68 %
Banco Bilbao Vizcaya Argentaria S.A. 0.66 %
Rolls-Royce Holdings plc 0.65 %- Sumitomo Mitsui Financial Group Inc. 0.65 %
Softbank 0.63 %
Shopify Subordinate Voting Class A 0.62 %
Advantest Corp. 0.60 %
Hitachi Ltd. 0.60 %
ABB Ltd. 0.60 %
Tokyo Electron Ltd. 0.59 %
Iberdrola SA 0.58 %- Novo Nordisk A/S Class B 0.55 %
- Sony Group Corporation 0.55 %
Airbus Group 0.55 %
Kioxia Holdings Corporation 0.54 %
UniCredit S.p.A. 0.53 %- Country Garden Services Holdings 0.53 %
- Unilever plc 0.53 %
Safran SA 0.53 %- Mizuho Financial Group Inc. 0.52 %
Siemens Energy N AG 0.52 %
DBS Group Holdings Ltd. 0.50 %
Air Liquide SA 0.48 %
BP plc 0.48 %
LVMH Moet Hennessy Louis Vuitton SE 0.48 %
Bank of Montreal 0.48 %
BNP Paribas S.A. Class A 0.48 %
Compagnie Financiere Richemont SA 0.46 %
Bank of Nova Scotia 0.46 %- Deutsche Telekom N AG 0.45 %
Intesa Sanpaolo S.p.A. 0.45 %
Sectors
Countries
Performance
| Year to date | +10.2 % | 1 month | -2.4 % |
|---|---|---|---|
| 3 months | +1.7 % | 1 year | +13.1 % |
| Calendar year 2025 | +27.0 % |
Risk metrics
Max drawdown-14.1 %
Volatility p.a.16.4 %
Correlations (90 trading days)
The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.
| Instrument | r | −1 … +1 |
|---|---|---|
| MSCI EMU | +0.96 | |
| MSCI Europe | +0.93 | |
| Euro STOXX 50 | +0.91 | |
| Waste Management Inc. | -0.48 | |
| USD/CHF | -0.45 | |
| Altria Group Inc. | -0.45 |
Next events
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