U.S. stocks have dominated the rest of the world’s stocks over the last 10 years. The MSCI USA Index outperformed the MSCI ACWI ex USA Index by 770 basis points annually over that period. The cumulative return over those 10 years was 208% for the MSCI USA Index and 51% for the MSCI ACWI ex USA Index. According to MSCI Global, as of January 31, 2014, the U.S. weight in the MSCI ACWI Index was 48.90%, as of January 31, 2024 it was 63.16%.

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