Below is a look at the performance of the S&P 500 versus the S&P Global 1200, which is an equity market index that captures roughly 70% of global market cap. The S&P Global 1200 contains stocks from the S&P 500, S&P Europe 350, S&P TOPIX 150 (Japan), S&P/TSX 60 (Canada), S&P/ASX All Australian 50, S&P Asia 50, and S&P Latin America 40.
Below is a look at the price performance (not total return) of the S&P 500 and S&P Global 1200 over the last 25 years. From 1992 through the early part of the current bull market, the two indices had performed roughly inline, but since the start of 2012, the US has significantly outperformed.
But foreign stock markets are making a comeback so far in 2017. While the US outperformed from the election through the end of 2016, the S&P Global 1200 has outperformed so far YTD. At this point the Global 1200 is actually up more than the S&P 500 since Election Day 2016. This is a trend that will likely continue if the Dollar continues to sink and issues out of Washington dominate the news.
In terms of underlying index members, below is a look at the top performing stocks in the S&P Global 1200 so far in 2017 (based on local currency returns through 5/16). As shown, Vertex Pharma (VRTX) is up the most with a gain of 59.2% followed by Activision Blizzard (ATVI) — both US stocks. Latam Airlines Group (LTM) out of Chile is up the third most at +51.59%, while BlackBerry (BB) out of Canada ranks 4th at +50%. Yes…THAT BlackBerry.