← Browse all charts Is U.S. equity leadership still intact versus developed and emerging markets?
S&P 500 vs EFA vs EEM
A global equity leadership chart that rebases the S&P 500, EFA, and EEM to the same starting point so you can see whether U.S. stocks are still dominating developed and emerging markets.
The deep history is for NASDUCK paid members.
This free chart covers the last five years. Everything older, plus the CSV and JSON downloads, comes with a paid NASDUCK subscription.
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The latest series values and a keyboard-readable date table are below the chart. CSV and JSON downloads are for NASDUCK paid members.
Use Value for the raw series and % from view start to rebase the first visible value in the current window to 0%.
Dates & readable data
Selected historical events
Curated anchors for market context, rather than a complete news feed. Toggle markers above to place them on the chart.
How To Read It
- When the S&P 500 line keeps separating higher, global leadership is still concentrated in U.S. equities.
- If EFA or EEM starts outperforming while U.S. breadth weakens, that usually signals a real regime shift rather than a one-day headline.
- Use this with the dollar and rates pages because global relative performance often turns when currency and liquidity pressure changes.
Next step Charts show what moved. NASDUCK asks why.
Rates, the dollar, oil and gold all end up in the Nasdaq-100 eventually. NASDUCK follows that trail once a week and keeps score on its own calls.