{"id":6870,"date":"2025-04-04T08:30:14","date_gmt":"2025-04-04T13:30:14","guid":{"rendered":"https:\/\/schenkelberg.investments\/?p=6870"},"modified":"2025-04-04T08:30:16","modified_gmt":"2025-04-04T13:30:16","slug":"us-vs-international-us-sectors-2","status":"publish","type":"post","link":"https:\/\/schenkelberg.investments\/?p=6870","title":{"rendered":"US VS International\/US Sectors"},"content":{"rendered":"\n
Index<\/strong><\/td>First Quarter 2025<\/strong><\/td>Year          To-Date 2025<\/strong><\/td><\/tr>
S&P 500<\/td>-4.6%<\/td>-4.6%<\/td><\/tr>
Dow Jones Industrial Average<\/td>-1.3%<\/td>-1.3%<\/td><\/tr>
Russell 2000<\/td>-9.8%<\/td>-9.8%<\/td><\/tr>
 <\/td><\/td> <\/td><\/tr>
MSCI All Country World Index ex-US<\/td>6.3%<\/td>6.3%<\/td><\/tr>
 <\/td><\/td> <\/td><\/tr>
Aggregate Bond<\/td>2.8%<\/td>2.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Performance Source: Koyfin.com Price Return<\/em><\/p>\n\n\n\n

U.S. Versus <\/a><\/a>International<\/a><\/strong><\/p>\n\n\n\n

<\/a>The S&P 500 Index, an index of large U.S. companies, posted a price return of -4.6% for the First Quarter of 2025. Large U.S. stocks underperformed international for the quarter as measured by the iShares MSCI ACWI ex-US Index, a representation of international stocks outside the U.S. The International ETF return for the First Quarter of 2025 was 6.3%.<\/a><\/p>\n\n\n\n

International stocks outperformed U.S. stocks by a large margin. According to Morningstar, this was the strongest outperformance by international stocks on record during a first quarter of a calendar year, according to Dow Jones Market Data going back to late 1987. This is largely seen as a \u201ccatch up trade\u201d, as the S&P 500 has risen by 370% compared to less than 65% for the MSCI All Country World Index ex-U.S. ETF since March 2005. <\/p>\n\n\n\n

Spain, Columbia, Greece, Chili and Germany were among some of the top performing stock indices for the quarter. Some of these countries may be spared the highest tariffs. Germany rose on the prospect of higher government defense spending, which could drive production and growth.<\/a><\/p>\n\n\n\n

U.S. Sectors<\/strong><\/h2>\n\n\n\n

<\/a><\/a>Top performing U.S. S&P 500 sectors as reported by Koyfin for the First Quarter of 2025 include Energy (10.0%), Health Care (6.6%) and Utilities (4.9%). Laggards for the First Quarter include Consumer Discretionary (-11.7%), Technology (-11.0%) and Industrials (-0.2%).<\/a><\/p>\n\n\n\n

Energy, Health Care and Utilities typically represent more defensive sectors, that can perform when the economy is in a recession. Energy is also rallying on positive support from the new administration. The stocks in these sectors are priced at a relative discount to other sectors.<\/p>\n\n\n\n

A sharp decline in Consumer Discretionary and Technology stocks represented a strong shift in sentiment. These stocks have been the market leaders for a significant time. Some concern is elevating regarding stock valuations and opportunities for growth for these companies moving forward. While growth is likely to persist, it may not be at the level to justify current stock valuations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Index First Quarter 2025 Year          To-Date 2025 S&P 500 -4.6% -4.6% Dow Jones Industrial Average -1.3% -1.3% Russell 2000 -9.8% -9.8%     MSCI All Country World Index ex-US 6.3% 6.3%     Aggregate Bond 2.8% 2.8% Performance Source: Koyfin.com Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-6870","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7kXxe-1MO","jetpack-related-posts":[{"id":6932,"url":"https:\/\/schenkelberg.investments\/?p=6932","url_meta":{"origin":6870,"position":0},"title":"U.S. vs International\/U.S Sectors","author":"J.J. Schenkelberg, CFA","date":"April 6, 2026","format":false,"excerpt":"Performance Source: Koyfin.com Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, posted a price return of -4.6% for the first quarter of 2026. Large U.S. stocks underperformed international for the quarter as measured by the iShares MSCI ACWI ex-US Index, a representation of\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2026\/04\/image-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2026\/04\/image-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2026\/04\/image-2.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":6784,"url":"https:\/\/schenkelberg.investments\/?p=6784","url_meta":{"origin":6870,"position":1},"title":"US vs International","author":"J.J. Schenkelberg, CFA","date":"October 10, 2024","format":false,"excerpt":"IndexThird Quarter 2024Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2024S&P 5005.5%20.8%Dow Jones Industrial Average8.2%12.3%Russell 20009.2%10.0%\u00a0\u00a0MSCI All Country World Index ex-US7.7%13.8%\u00a0\u00a0Aggregate Bond5.2%4.6% Performance Source: Koyfin Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, posted a price return of 5.5% for the Third Quarter of 2024. Large U.S. stocks underperformed\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6588,"url":"https:\/\/schenkelberg.investments\/?p=6588","url_meta":{"origin":6870,"position":2},"title":"Market Update – 4th Quarter 2021","author":"J.J. Schenkelberg, CFA","date":"January 12, 2022","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of 10.7% for the Fourth Quarter of 2021. S&P 500 performance was driven by strength in select stocks with large weights in the index. U.S. stocks significantly outperformed international again for the quarter as\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2022\/01\/image.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":6646,"url":"https:\/\/schenkelberg.investments\/?p=6646","url_meta":{"origin":6870,"position":3},"title":"Market Update. 3rd Quarter 2022","author":"J.J. Schenkelberg, CFA","date":"October 18, 2022","format":false,"excerpt":"IndexThird Quarter 2022Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2022S&P 500-5.3%-24.8%Dow Jones Industrial Average-6.7%-21.0%Russell 2000-2.5%-25.9%\u00a0\u00a0MSCI EAFE (International Index)-10.4%-27.2%\u00a0\u00a0Barclays Aggregate Bond-4.6%-14.5% Performance Source: Koyfin U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -5.3% for the Third Quarter of 2022. U.S. stocks outperformed international for the quarter as\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6909,"url":"https:\/\/schenkelberg.investments\/?p=6909","url_meta":{"origin":6870,"position":4},"title":"U.S. Versus International\/U.S. Versus International","author":"J.J. Schenkelberg, CFA","date":"October 7, 2025","format":false,"excerpt":"Performance Source: Koyfin.com Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, posted a price return of 8.4% for the third quarter of 2025. This move brought the index to another all-time high within the quarter. Large U.S. stocks underperformed international for the quarter\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2025\/10\/image-4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2025\/10\/image-4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2025\/10\/image-4.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":6506,"url":"https:\/\/schenkelberg.investments\/?p=6506","url_meta":{"origin":6870,"position":5},"title":"Market Update – First Quarter 2020","author":"J.J. Schenkelberg, CFA","date":"April 3, 2020","format":false,"excerpt":"U.S. Versus International The S&P 500, an index of large U.S. companies, posted a total return of -19.9% for the First Quarter of 2020. U.S. stocks marginally outperformed international for the quarter as measured by the iShares MSCI EAFE ETF, a representation of international stocks outside the U.S. EAFE. Total\u2026","rel":"","context":"In "Market Commentary"","block_context":{"text":"Market Commentary","link":"https:\/\/schenkelberg.investments\/?cat=119"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6870"}],"version-history":[{"count":1,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6870\/revisions"}],"predecessor-version":[{"id":6871,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6870\/revisions\/6871"}],"wp:attachment":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}