Expert insight
U.S. equity outperformance
February 04, 2025
In this 1-minute video, Vanguard Global Chief Economist Joe Davis discusses how the outperformance of U.S. stocks over non-U.S. equities has been surprisingly persistent. However, he notes that the gap will close eventually.
This video is one in a series of excerpts from a January 2025 webcast discussing our investment outlook. For more insights, visit our econ and market hub.
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Video length: 51 seconds
Read the transcript
Joe Davis: There's no doubt that the U.S. markets, particularly growth stocks in particular, have just dwarfed the returns on any other part of the financial markets, including international.
Notes: All investing is subject to risk, including the possible loss of the money you invest. Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.
Diversification does not ensure a profit or protect against a loss.
Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.