TUR - Country ETFs Since 'Liberation Day'

2025-04-08 00:30:00 ET

Summary

• Since President Trump's second term began with the Inauguration on January 20th, the S&P 500 ETF (SPY) is down 16.5% compared to a 6.2% drop for the all world ex US ETF (CWI).
• It's early, but the rest of the world is solidly beating US markets so far under Trump 2.0.
• The average country ETF is down exactly 10% in the two and a half trading days since Trump's "Liberation Day," and the only two down less than 5% are India (INDA) and Turkey (TUR).

Since President Trump's second term began with the Inauguration on January 20th, the S&P 500 ETF ( SPY ) is down 16.5% compared to a 6.2% drop for the all world ex US ETF ( CWI ). A ten percentage point gap in performance in less than three months is significant. It's early, but the rest of the world is solidly beating US markets so far under Trump 2.0....

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