Market insights

Independent commentary combined with data on key asset classes to help explain how global markets have performed and why.

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Market Data

Q1 2026

This dashboard tracks performance across key asset classes using independent data from Morningstar and other sources. Read it alongside our quarterly market commentary to understand not just what happened, but why. Coverage includes equities, fixed income, cash, commodities and currencies over rolling 5-year periods.

Equities — Region

Name	Return quarter	Return ytd	Return 1 Yr	Return 3 Yr	Return 5 Yr
Global Markets	-2.9%	-2.9%	20.4%	16.2%	9.0%
Developed Markets	-3.7%	-3.7%	18.8%	16.7%	10.2%
United States	-4.8%	-4.8%	17.1%	17.8%	11.1%
EAFE	-1.1%	-1.1%	21.9%	13.9%	8.0%
United Kingdom	3.9%	3.9%	22.7%	14.7%	13.2%
Europe ex UK	-2.3%	-2.3%	10.2%	10.4%	8.4%
Japan	2.9%	2.9%	34.2%	23.0%	14.6%
Asia ex-Japan	-1.2%	-1.2%	28.3%	14.0%	3.3%
Emerging Markets	-0.6%	-0.6%	28.1%	14.3%	4.0%
Latin American	16.4%	16.4%	57.7%	22.8%	13.1%

EQUITIES — Sector

Name	Return quarter	Return ytd	Return 1 yr	Return 3 yr	Return 5 yr
Energy	32.3%	32.3%	39.6%	18.6%	20.0%
Basic Materials	5.8%	5.8%	36.5%	11.7%	7.0%
Industrials	3.5%	3.5%	29.8%	18.3%	10.6%
Consumer Cyclical	-10.1%	-10.1%	6.1%	9.4%	1.8%
Consumer Defensive	3.1%	3.1%	5.2%	4.9%	4.2%
Healthcare	-4.5%	-4.5%	5.3%	5.4%	3.6%
Financial Services	-6.2%	-6.2%	14.5%	21.0%	11.5%
Technology	-6.4%	-6.4%	31.2%	23.8%	14.4%
Communication Services	-8.6%	-8.6%	24.3%	23.0%	7.6%
Utilities	7.9%	7.9%	28.0%	15.6%	9.7%

Fixed income

Name	Return quarter	Return ytd	Return 1 yr	Return 3 yr	Return 5 yr
Global Bond Agg	-0.8%	-0.8%	4.2%	2.4%	-2.0%
Global Bond Agg Hdg to USD	0.0%	0.0%	3.5%	3.9%	0.4%
Global Bond Agg Hdg to GBP	0.0%	0.0%	3.3%	3.5%	-0.1%
Global Bond Agg Hdg to EUR	-0.5%	-0.5%	1.2%	1.8%	-1.5%
US 1-5 Yr Agg	0.2%	0.2%	4.2%	4.5%	1.7%
US 5-10 Yr Agg	0.1%	0.1%	5.3%	3.8%	0.4%
US 10+ Yr Agg	-0.5%	-0.5%	2.1%	0.8%	-3.0%
UK 1-5 Yr Agg	-0.6%	-0.6%	3.5%	3.7%	1.0%
UK 5-10 Yr Agg	-1.6%	-1.6%	3.7%	2.4%	-1.5%
UK 10+ Yr Agg	-3.5%	-3.5%	1.5%	-2.3%	-8.5%
US Treasury	0.1%	0.1%	3.3%	2.6%	-0.1%
UK Gilt	-2.0%	-2.0%	2.4%	0.0%	-4.7%
Eurozone Treasury	-0.6%	-0.6%	1.2%	2.1%	-2.6%
US TIPS	0.4%	0.4%	3.0%	3.2%	1.4%
UK Trsy Inf-Lnkd	1.2%	1.2%	4.1%	-3.3%	-7.2%
Global High Yield	-1.2%	-1.2%	7.6%	8.8%	3.8%
EM Sovereign (Hard Currency)	-1.9%	-1.9%	7.7%	6.8%	1.4%
EM Sovereign (Local Currency)	-2.4%	-2.4%	10.4%	6.3%	2.3%

Cash & Commodities

Name	Return quarter	Return ytd	Return 1 yr	Return 3 yr	Return 5 yr
USD Cash	0.9%	0.9%	4.2%	4.9%	3.5%
GBP Cash	0.9%	0.9%	4.0%	4.7%	3.2%
EUR Cash	0.5%	0.5%	2.0%	3.0%	1.8%
Gold	8.3%	8.3%	49.6%	33.4%	22.3%
CAD	-1.3%	-1.3%	3.4%	-1.0%	-2.0%
GBP	-1.8%	-1.8%	2.4%	2.3%	-0.8%
EUR	-1.6%	-1.6%	6.8%	2.1%	-0.3%
JPY	-1.3%	-1.3%	-5.6%	-5.8%	-7.0%
CHF	-0.9%	-0.9%	10.6%	4.6%	3.4%
EUR (vs. GBP)	0.2%	0.2%	4.3%	-0.3%	0.5%

Latest commentary

Market commentary

Oil and troubled waters?

Alex Scott

Author

Alex Scott

Investment Committee Chair

Alex is an experienced multi-asset investment manager and strategist, most recently responsible for $12bn AUM for a leading London-based asset manager, who independently chairs Enhance’s investment committee.

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Market insights

Global macroeconomics and investment markets can be unpredictable and difficult to track.

Our market insights are designed to cut through the noise and provide concise quarterly commentary and data on key asset classes. Combined with Enhance Peer Groups, these insights help fiduciaries to connect the dots on portfolio performance.