OriginaveMSCI ACWI IMI Index
What the MSCI ACWI IMI Index is, where it lives officially, and how its ride has looked over the years.
What does the MSCI ACWI IMI Index track?
IMI stands for Investable Market Index: the MSCI ACWI plus the thousands of small caps it leaves out — around 8,000 companies across 23 developed and 24 emerging markets, covering roughly 99% of everything you can actually buy.
MSCI's most complete take on the whole world in one basket: large, mid and small, developed and emerging. If a stock is investable, it's almost certainly in here.
MSCI
SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc) (SPYI).Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
SPYI since 2015
The chart shows the dividend-adjusted share price of SPYI, the ETF tracking this index — not the raw index level. The shape of the ride is the same.
SPYI returns by year (EUR)
| Year | Total return |
|---|---|
| 2026 (so far) | +14.31% |
| 2025 | +9.10% |
| 2024 | +22.92% |
| 2023 | +17.54% |
| 2022 | -12.92% |
| 2021 | +27.77% |
| 2020 | +5.39% |
| 2019 | +29.64% |
| 2018 | -6.71% |
| 2017 | +8.46% |
| 2016 | +12.66% |
| 2015 | +10.13% |
Calendar-year total returns of SPYI in EUR, dividends reinvested — the ETF tracking this index, not the raw index level.
Compare SPYI head to head
Yearly returns side by side against the other funds we track.