Rallies, Records And Relentless Restlessness: A Tale Of Markets In 2025

S&P Dow Jones Indices2.53K FollowersFollow5ShareSavePlay(6min)CommentsSummaryThe combination of strong developed ex-U.S. performance and below-par U.S. small-cap performance culminated in a significant differential between these two segments over the past 12 months.Turning to markets outside of U.S. large caps, gold’s performance immediately stands out both in absolute terms and relative to its own historical returns.By the end of November, the S&P SmallCap 600® trailed the S&P Developed ex-U.S. BMI by 30%, the most of any 12-month period since January 1995. honglouwawa/E+ via Getty Images By Benedek Vörös As 2025 draws to a close, U.S. large caps boast impressive gains: after a rocky start that saw a 19% drawdown, the S&P 500® is up 18% including dividends, as of Dec. 12, significantly aboveThis article was written byS&P Dow Jones Indices2.53K FollowersFollowAt S&P Dow Jones Indices, our role can be described in one word: essential. We’re the largest global resource for index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based upon our indices than any other index provider in the world; with over 1,000,000 indices, S&P Dow Jones Indices defines the way people measure and trade the markets. We provide essential intelligence that helps investors identify and capitalize on global opportunities. S&P Dow Jones Indices is a division of S&P Global, which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spdji.com.Copyright © 2016 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. This material is reproduced with the prior written consent of S&P DJI. For more information on S&P DJI please visitwww.spdji.com. For full terms of use and disclosures please visit www.spdji.com/terms-of-use.