Overseas markets outperformed US markets over the last 13 months.

[Emile]

Yes, international (overseas) markets have significantly outperformed U.S. markets over the last 13 months (specifically spanning 2025 through early 2026). After a long period of "U.S. exceptionalism," a major shift occurred where foreign equities broke their decade-long lag to outperform U.S. markets by roughly 15%.

Performance Highlights (Last 13+ Months)
2025 Performance: International equities outperformed U.S. stocks, with the MSCI All Country World ex-USA index gaining 29.2%, significantly outpacing the S&P 500's 16.39% gain.

Detailed Returns (2025): The MSCI EAFE Index (developed international) returned approximately 32%, and the MSCI Emerging Markets Index returned 34%.

Key Outperformers: Several international markets saw dramatic gains, including South Korea's Kospi (up nearly 76%), Japan's Nikkei 225 (up 26%), and strong performances from Germany's DAX, Mexico, and Canada.
Early 2026 Trend: The trend continued into 2026, with Asian equities and other international markets extending their lead over the S&P 500 through January and early February.