Global Markets Are On The Mend (EFA)

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June 13, 2018 6:12am NYSE:EFA

From Jill Mislinski: Six of eight indexes on our world watch list have posted gains through Monday, June 11, 2018. The top performer this year is India’s BSE SENSEX with a gain of 4.94%.


In second is our own S&P 500 with a gain of 4.05%. In third is Hong Kong’s Hang Seng with a gain of 3.83%. Coming in last is Shanghai’s SSE with a loss of 7.69%.

2018 Performance

Here is an overlay of the eight illustrating their comparative performance in 2018.

Here are all eight world indexes sorted by YTD.

A Longer Perspective

The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: The S&P 500, CAC 40 and BSE SENSEX hit their lows on March 9th, the Nikkei 225 on March 10th, the DAXK on March 6th, the FTSE on March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng even earlier on October 27, 2008. However, by aligning on the same day and using a log scale vertical axis, we get an excellent visualization of the relative performance. We’ve indexed each of the eight to 800 on the March 9th start date. The callout in the upper left corner shows the percent change from the start date to the latest weekly close.

World Markets since March 2009

Here is the same visualization, this time starting on October 9, 2007, the closing high for the S&P 500, a date that is approximately the mid-point of the range of market peaks, which started on June 1st for the CAC 40 and ended on January 8, 2008 for the SENSEX.

World Markets since October 2007

For a longer look at the relative performance, our final chart starts at the turn of the century, again indexing each at 800 for the start date.

World Markets since 2000

Check back next week for a new update.


Note: We track Germany’s DAXK a price-only index, instead of the more familiar DAX index (which includes dividends), for consistency with the other indexes, which do not include dividends.

All the indexes are calculated in their local currencies.


The iShares MSCI EAFE Index Fund ETF (EFA) was unchanged in premarket trading Wednesday. Year-to-date, EFA has gained 0.14%, versus a 4.94% rise in the benchmark S&P 500 index during the same period.

EFA currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #31 of 59 ETFs in the Foreign Large Cap Blend ETFs category.


This article is brought to you courtesy of Advisor Perspectives.


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