{"id":6932,"date":"2026-04-06T12:59:13","date_gmt":"2026-04-06T17:59:13","guid":{"rendered":"https:\/\/schenkelberg.investments\/?p=6932"},"modified":"2026-04-06T12:59:18","modified_gmt":"2026-04-06T17:59:18","slug":"u-s-vs-international-u-s-sectors-2","status":"publish","type":"post","link":"https:\/\/schenkelberg.investments\/?p=6932","title":{"rendered":"U.S. vs International\/U.S Sectors"},"content":{"rendered":"\n
\"\"<\/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 2026. 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 2026 was 2.0%.<\/a><\/p>\n\n\n\n

The S&P 500 Index continued to underperform international stocks for the First Quarter of 2026, with price return up 2.0% versus -4.6%. The value of the U.S. Dollar versus foreign currencies strengthened during the quarter. This is typically good for U.S. stocks versus international. However, international stocks continued to outperform due to lower valuations and perceived stability.  Policy uncertainty in the U.S. is also driving a lot of the differential.<\/p>\n\n\n\n

Brazil, Colombia and Mexico stocks rose over 10% for the quarter.  These countries all benefit from higher oil prices.<\/p>\n\n\n\n

 <\/strong><\/h2>\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 2026 include Energy (37.9%), Materials (10.7%) and Utilities (8.3%). Laggards for the First Quarter include Financials (-9.4%), Consumer Discretionary (-8.6%) and Technology (-7.6%).<\/a><\/p>\n\n\n\n

Energy stocks achieved strong performance as the Iran conflict escalated oil prices. Materials and Utility stocks also rallied as the possibility of ongoing conflict increased. Energy, Materials and Utility stocks all could benefit from ongoing use of defense equipment, manufacturing and restricted oil supply. <\/p>\n\n\n\n

Financial, Consumer Discretionary and Technology stocks suffered in the quarter as fears over tighter economic conditions, an ongoing government shutdown and uncertainty increased. Higher oil prices could increase the potential for inflation, hampering the consumers ability to pay debts and purchase goods. <\/p>\n","protected":false},"excerpt":{"rendered":"

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 international stocks outside the U.S. […]<\/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","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[119,123],"tags":[],"class_list":["post-6932","post","type-post","status-publish","format-standard","hentry","category-market-commentary","category-market-performance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7kXxe-1NO","jetpack-related-posts":[{"id":6870,"url":"https:\/\/schenkelberg.investments\/?p=6870","url_meta":{"origin":6932,"position":0},"title":"US VS International\/US Sectors","author":"J.J. Schenkelberg, CFA","date":"April 4, 2025","format":false,"excerpt":"IndexFirst Quarter 2025Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2025S&P 500-4.6%-4.6%Dow Jones Industrial Average-1.3%-1.3%Russell 2000-9.8%-9.8%\u00a0\u00a0MSCI All Country World Index ex-US6.3%6.3%\u00a0\u00a0Aggregate Bond2.8%2.8% Performance Source: Koyfin.com Price Return U.S. Versus International The S&P 500 Index, an index of large U.S. companies, posted a price return of -4.6% for the First Quarter of 2025. 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":6784,"url":"https:\/\/schenkelberg.investments\/?p=6784","url_meta":{"origin":6932,"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":6932,"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":6765,"url":"https:\/\/schenkelberg.investments\/?p=6765","url_meta":{"origin":6932,"position":3},"title":"U.S. Versus International\/U.S. Sectors","author":"J.J. Schenkelberg, CFA","date":"July 10, 2024","format":false,"excerpt":"IndexSecond Quarter 2024Year\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 To-Date 2024S&P 5003.9%14.5%Dow Jones Industrial Average-1.7%3.8%Russell 2000-3.9%0.8%\u00a0\u00a0MSCI All Country World Index ex-US1.0%5.6%\u00a0\u00a0Aggregate Bond0.1%-0.6% 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 3.9% for the Second Quarter of 2024. Large U.S. stocks outperformed\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":6894,"url":"https:\/\/schenkelberg.investments\/?p=6894","url_meta":{"origin":6932,"position":4},"title":"U.S. vs International\/U.S. Sectors","author":"J.J. Schenkelberg, CFA","date":"July 10, 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 10.6% for the Second Quarter of 2025. This move brought the index around to an all-time high to end the quarter. Large U.S. stocks underperformed international for\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\/07\/image-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2025\/07\/image-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2025\/07\/image-1.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":6921,"url":"https:\/\/schenkelberg.investments\/?p=6921","url_meta":{"origin":6932,"position":5},"title":"U.S. Versus International\/U.S. Sectors","author":"J.J. Schenkelberg, CFA","date":"January 5, 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 2.8% for the fourth 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\u2026","rel":"","context":"In "Financial Planning"","block_context":{"text":"Financial Planning","link":"https:\/\/schenkelberg.investments\/?cat=122"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/schenkelberg.investments\/wp-content\/uploads\/2026\/01\/image-4.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6932","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=6932"}],"version-history":[{"count":1,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6932\/revisions"}],"predecessor-version":[{"id":6934,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=\/wp\/v2\/posts\/6932\/revisions\/6934"}],"wp:attachment":[{"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schenkelberg.investments\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}