Below we show YTD returns in local currency for 75 equity markets around the world. The average country is up 7.03% YTD with 65 countries posting gains and just 10 posting declines.
China was up the most in Q1 with a gain of 27.12%. Greece ranked second at +20.70%, followed by Colombia (+17.19%), Italy (+16.83%), and Denmark (+14.92%).
Notably, all of the G7 countries rank in the top half in terms of YTD performance. Italy, France, the US, and Canada are the top G7 countries, while Germany, Britain, and Japan are the bottom three.
Of the ten countries in the red this year, Oman and Sri Lanka are down the most at -8%.