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I don't understand your thoughts, or your investments. The MSCI world has too much US content for you, then you have a distributor that has another 20% US content and the largest position is also US and then you have nothing but US stocks as individual stocks.

For you, an emerging market would generally make more sense or, for example, a Europe. $EXSI or something like that.

Personally, in your case I would rather look at emerging markets.
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@DividendenWaschbaer You're basically right. I was aware of that too, but I was looking more at the sectors here. It was important to me that they didn't really overlap. If MSFT or NVDA tear the thing down, at least it doesn't affect either of them.

With an EM, I always have the feeling that the risk is too great? Is that just my feeling or is the risk actually greater with an EM ETF (I would consciously leave Asia out)?
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@hejjay Asia consists of more than just China, if that's what you're referring to. India, for example, is currently very strong (but already expensive). Vietnam and the Philippines are not without their problems either. And nobody can tell you if anything will happen with China in the end, I don't think the world can afford to exclude China like they do with Russia. But I may be wrong.

If that's too much risk for you, then take a look at Mexico or South America. There are ETFs there too.
Nobody can tell you whether emerging markets will rise significantly in the next few years. But it's an alternative that definitely doesn't have a US component.