We track 23 major country ETFs traded on US exchanges closely. Below is a look at their performance numbers over multiple periods. We first show how much each country ETF fell from its most recent peak to its most recent trough during the initial COVID market crash. We also show how much each country has bounced off of its recent low. We then show its distance from its 52-week high, its year-to-date change, and its 12-month, two-year, three-year, and five-year change.
The average country ETF crashed 36% from its recent peak to trough, and the average bounce back so far has been +13%. Brazil (EWZ) remains the furthest below its 52-week high at -50%, while Japan (EWJ) is the closest to its 52-week high at -16.04%. The average country ETF is 32.9% from its 52-week high.
On a year-to-date basis, Brazil (EWZ) is down the most at -49%, while China (MCHI) is down the least at -11.7%. Switzerland (EWL) is the only country that is up over the last 12 months, while the US (SPY) is down 6.3% over the same time period. South Africa (EZA) and Brazil (EWZ) are down the most year-over-year at -40%.
Notably, returns now look very weak around the world on a two, three, and five year basis. The average country ETF is down 25% over the last two years, down 13.5% over the last three years, and down 10% over the last five years. More than half of the country ETFs are down more than 10% over the last five years, with countries like Spain (EWP), Norway (ENOR), Mexico (EWW), and South Africa (EZA) are down more than 30%. The US (SPY) is by far the best performer over the last five years with a gain of 37.66%. Start a two-week free trial to Bespoke Premium to see our list of “Stocks for the COVID Economy.”