Non-US Markets Are Ripping, and These 3 ETFs Are The Best Way To Ride The Boom

The S&P 500 is down 1.6% year-to-date in 2026. Emerging markets are up sharply and developed international equities are outperforming US stocks, and a decade-long valuation gap between US and non-US equities is narrowing. This backdrop points to continued cross-border flow into non-US equities and a potential shift in relative performance drivers for global portfolios.

Analysis

The S&P 500 is down 1.6% year-to-date in 2026. Emerging markets are up sharply and developed international equities are outperforming US stocks, and a decade-long valuation gap between US and non-US equities is narrowing. This backdrop points to continued cross-border flow into non-US equities and a potential shift in relative performance drivers for global portfolios.