Stock markets
MSCI World chart
The MSCI World is a global stock market index covering large and mid-sized companies across developed markets, including North America, Europe and parts of Asia-Pacific. It is a widely used benchmark for globally diversified developed-market equity exposure.
The MSCI World index itself is not available as a free tradable feed on TradingView, so this page shows the iShares MSCI World ETF (URTH) as a proxy. The ETF aims to track the index closely but is a separate, tradable fund with its own price, fees and minor tracking difference.
MSCI World (ETF proxy) chart
AMEX:URTHProxy. The MSCI World index is not available as a free TradingView symbol, so this chart shows the iShares MSCI World ETF (URTH), not the index.
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At a glance
| Full name | MSCI World Index |
|---|---|
| Ticker / common abbreviation | MSCI World |
| TradingView symbol | AMEX:URTH |
| Instrument type shown | ETF proxy (iShares MSCI World ETF) |
| Index provider | MSCI Inc. |
| Market covered | Large and mid-cap companies across around 23 developed markets |
| Quotation currency | US dollar |
| Trading/market schedule | US exchange hours (ETF trades during regular and extended sessions) |
| Price return vs total return | Headline index is typically quoted price return; MSCI also publishes gross and net total-return variants |
| Data delay | ETF quotes typically follow the exchange feed used by TradingView; check the platform for the specific feed status |
What is MSCI World?
The MSCI World is maintained by MSCI Inc. and covers large and mid-cap companies across roughly 23 countries classified by MSCI as developed markets, spanning North America, Western Europe, Japan and other developed Asia-Pacific and Middle Eastern markets. It excludes emerging markets, which are covered by separate MSCI indices.
Constituents are weighted by float-adjusted market capitalisation, and the index is reviewed quarterly with a more thorough annual review, adjusting country and sector weights as company valuations and free float change.
MSCI publishes price-return, gross total-return and net total-return versions of the index; figures quoted without qualification usually refer to the price-return or gross total-return series depending on context. As with any index, it cannot be bought directly, and funds such as the ETF shown here are used to replicate its performance.
How to read this chart
A rising chart broadly indicates that developed-market equities, weighted by size and by each country's share of the global developed-market opportunity set, have gained in aggregate.
Because the underlying index is calculated in US dollars from companies reporting in many currencies, currency movements between the dollar and other developed-market currencies can affect the index even when local-currency equity prices are flat.
The chart shown here is an ETF rather than the index itself, so its price also reflects the fund's expense ratio and dividend distributions, meaning it will not match the index value exactly over time.
What moves it?
- US market weight
- The United States typically represents the largest share of the index by far, so US equity market moves have an outsized effect on the global aggregate.
- Currency movements
- Because the index is calculated in US dollars, exchange-rate moves between the dollar and other developed-market currencies affect the reported level even without local price changes.
- Global monetary policy
- Interest-rate decisions from major central banks, including the Federal Reserve, European Central Bank and Bank of Japan, collectively influence valuations across constituent markets.
- Sector composition
- Global sector trends, particularly in technology and financials which carry substantial index weight, can move the aggregate index meaningfully.
- Cross-border risk sentiment
- As a broad developed-market benchmark, it reflects shifts in global investor risk appetite that affect multiple markets simultaneously.
Why businesses and investors monitor it
Businesses with international operations use the MSCI World as a general read on developed-market economic and corporate conditions beyond any single country.
Investors use it as a benchmark for globally diversified developed-market equity portfolios and to assess whether a single country's market is outperforming or lagging the broader developed world.
MSCI World vs S&P 500
The MSCI World spans roughly 23 developed markets including the United States, Europe and Japan, while the S&P 500 covers only large-cap US companies.
Because the United States typically makes up a large share of the MSCI World's weight, the two indices often move similarly, but the MSCI World provides additional diversification across other developed economies and currencies.
Frequently asked questions
Does the MSCI World include emerging markets?
No. It covers only countries MSCI classifies as developed markets; emerging markets are tracked by separate MSCI indices such as the MSCI Emerging Markets Index.
Is URTH the same as the MSCI World index?
No. URTH is an ETF designed to track the MSCI World's performance closely, but it is a separate fund with its own fees and minor tracking difference.
Why does the United States dominate the index?
Index weights are based on float-adjusted market capitalisation, and US-listed companies represent a very large share of total developed-market equity value.
How often is the MSCI World rebalanced?
MSCI reviews the index quarterly, with a more comprehensive annual review each November that can shift country and sector weights.
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Sources
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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