U.S. large-cap stocks, measured by the S&P 500 index, returned -2.6% this year through March 26. That lagged the MSCI World ex USA and MSCI Emerging Market indexes’ 8.4% and 5.7% returns, respectively.
S&P 500 lags international indexes in 2025
The S&P 500’s negative return comes after producing higher long-term returns than developed and emerging markets. Over 10 years through Dec. 31, the S&P 500 returned 13.1% with a 15.4% volatility. During this period, the MSCI World ex USA index had a similar volatility but only a 5.3% return. The MSCI Emerging Markets index produced the lowest return and highest volatility.
Sponsored
White Papers
Sponsored Content
Partner Content