Ranked: Top Countries by Stock Market Returns Since 2015
Ranked: Top Countries by Stock Market Returns Since 2015
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Key Takeaways
- The S&P 500 delivered a 17% annualized return in 10 years, the most for major stock exchanges from around the world.
- However major indices from Brazil, India, and Vietnam have also logged between 12–16% returns.
Thinking of becoming a true global investor with investments around the world?
Wondering what financial markets to enter next?
This chart, which visualizes annualized returns (in U.S. dollars) between March 15th, 2015–2025 from major stock exchanges in 30 countries, has some insights.
Data is sourced from HelloSafe, a Canadian insurance comparison platform.
The Best Stock Exchanges For Returns Since 2015
The S&P 500 delivered a 17% annualized return in 10 years, the most for major stock exchanges from around the world.
That’s nearly 5x in returns, which means $10,000 invested in 2015 would be almost $50,000 in 2025.
| Rank | Countries | Main Index | Annualized Return (2015-2025) |
|---|---|---|---|
| 1 | 🇺🇸 U.S. | S&P 500 | 16.9% |
| 2 | 🇧🇷 Brazil | Bovespa | 15.9% |
| 3 | 🇮🇳 India | BSE Sensex | 15.9% |
| 4 | 🇻🇳 Vietnam | VN-Index | 12.2% |
| 5 | 🇳🇿 New Zealand | S&P/NZX 50 | 10.7% |
| 6 | 🇷🇺 Russia | MOEX Russia Index | 9.2% |
| 7 | 🇯🇵 Japan | Nikkei 225 | 9.1% |
| 8 | 🇨🇭 Switzerland | Swiss Performance Index (SPI) | 9.0% |
| 9 | 🇩🇪 Germany | DAX | 9.0% |
| 10 | 🇳🇱 Netherlands | AEX Index | 8.8% |
| 11 | 🇵🇱 Poland | WIG | 8.3% |
| 12 | 🇮🇪 Ireland | ISEQ Overall Index | 7.3% |
| 13 | 🇨🇦 Canada | S&P/TSX Composite | 7.2% |
| 14 | 🇮🇹 Italy | FTSE MIB | 7.1% |
| 15 | 🇿🇦 South Africa | FTSE/JSE All Share Index |
6.9% |
| 16 | 🇦🇹 Austria | ATX | 6.6% |
| 17 | 🇹🇼 Taiwan | TAIEX | 6.4% |
| 18 | 🇸🇪 Sweden | OMX Stockholm 30 | 6.0% |
| 19 | 🇫🇷 France | CAC 40 | 5.9% |
| 20 | 🇲🇦 Morocco | MASI | 5.6% |
| 21 | 🇫🇮 Finland | OMX Helsinki 25 | 3.4% |
| 22 | 🇦🇺 Australia | S&P/ASX 200 | 3.3% |
| 23 | 🇬🇧 UK | FTSE 100 | 2.7% |
| 24 | 🇧🇪 Belgium | BEL 20 | 2.0% |
| 25 | 🇲🇽 Mexico | CPI | 1.8% |
| 26 | 🇵🇹 Portugal | PSI 20 | 1.7% |
| 27 | 🇪🇸 Spain | IBEX 35 | 1.7% |
| 28 | 🇸🇬 Singapore | Straits Times Index | 1.3% |
| 29 | 🇨🇳 China | SSE Composite Index | 0.0% |
| 30 | 🇭🇰 Hong Kong | Hang Seng Index | -0.2% |
| 31 | 🇵🇭 Philippines | PSEi | -2.0% |
However, major indices from Brazil, India, and Vietnam have also logged between 12–16%.
They’ve handily beaten exchanges in Europe (the DAX and the FTSE) as well as from other parts of Asia (Nikkei).
But also—why has the SSE Composite Index, which tracks the Shanghai stock exchange, not moved at all?
The 2015 Chinese Bubble Explained
Turns out mass inexperienced investing can have major consequences.
In 2015, China’s stock market experienced a surge in retail investor activity, fueled by speculative reading and easy credit.
As a result, the Shanghai Composite Index, which had been climbing rapidly, peaked in June before crashing 30% over the next three weeks.
As of April, 2025, the Shanghai Composite Index has not yet recovered its 2015 high.
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What sectors of the economy take up the most room on financial markets worldwide? Check out: Global Stock Market by Sector for a quick overview. Spoiler: your best guess is probably right.