Ranked: Top Countries by Stock Market Returns Since 2015

Ranked: Top Countries by Stock Market Returns Since 2015

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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.

Learn More on the Voronoi App

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.