Global equity performance since 1991 has been characterized by cycles of growth, volatility, and recovery, shaped by major economic events such as the dot-com boom, the global financial crisis, and the COVID-19 pandemic.

This chart shows yearly equity returns by region since 1991 for the U.S., UK, Japan, Europe (excluding the UK), and emerging markets.

MSCI indexes are used for each region. For Europe, the MSCI Europe Index excluding the UK Index was used.

The returns are total U.S. dollar returns shown in percentages using data sourced from Schroders, with 2024 YTD returns as of November 8th, 2024.

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