Developed ex-US (EFA): the last 12 months

Developed ex-US (EFA) is up 16.9% over 1Y and 2.8% below its high, with a 90-day change of −1.5%. It fell in September's rates shock as the dollar firmed and has been flat since. Status quo for foreign: intact.

Status quo card: Developed ex-US (EFA), intact.

Month by month

Computed in code. Change: the calendar-month change (z against its own monthly history). 90-day: the trailing 90-day change at the month-end. Rank: its place among that month's biggest moves. Causes: the surviving monthly causes acting on it (a force's loading on this asset times the month's fitted strength, in standard deviations). ETF holdings use current weights (an approximation).

MonthChange90-dayRankCauses
November 2026 (month to date)+2.3% (z 1.6)−1.5%none of the surviving causes loads on it
October 2026−0.5% (z -0.6)−2.1%none of the surviving causes loads on it
September 2026−3.3% (z -1.4)−0.5%none of the surviving causes loads on it
August 2026+1.8% (z 0.1)+3.9%none of the surviving causes loads on it
July 2026+1.6% (z 0.1)+5.0%The memory-chip selloff hit chip-heavy emerging Asia (SK Hynix, Samsung) (drove: Emerging (EEM) lagged developed ex-US (EFA) by 8.0 pp, score 9.2)
June 2026+0.7% (z -0.2)+7.0%none of the surviving causes loads on it
May 2026+2.4% (z 0.3)+1.5%none of the surviving causes loads on it
April 2026+5.3% (z 1.1)+1.6%none of the surviving causes loads on it
March 2026−7.8% (z -2.8)+1.1%Energy importers outside the US took the heaviest losses (evidence −7.8%, z -2.8)
February 2026+4.6% (z 1.0)+12.7%none of the surviving causes loads on it
January 2026+4.9% (z 1.0)+8.6%none of the surviving causes loads on it
December 2025+2.7% (z 0.4)+3.7%none of the surviving causes loads on it
November 2025+0.7% (z -0.2)+4.1%none of the surviving causes loads on it

What drove each month · All assets

Not investment advice. MarketMoves describes past market data and reported news for general information. Figures can be delayed or wrong; check the original source before relying on them.