ASX 200 shares vs. US stocks in FY26

ASX 200 shares vs. US stocks in FY26 highlights a major performance gap between Australia’s S&P/ASX 200 and US benchmarks over the fiscal year 1 July 2025 to 30 June 2026. The S&P/ASX 200 rose 2.77% and delivered total returns of 7%, while the S&P/ASX All Ords Index gained 2.43% and returned 5.69%, citing S&P Global data. In contrast, the S&P 500 climbed 20.86% with total returns of 22.32%, the Nasdaq Composite advanced 28.69% for 30.55%, and the Dow Jones rose 18.65% with total returns of 20.65%. Drew Meredith of Wattle Partners attributes US outperformance to leadership in the AI revolution, with firms such as Nvidia, Microsoft, Alphabet, Meta, and Amazon. He links weaker ASX results to resurgent inflation, multiple February, March, and May rate hikes, and pressure on tech and healthcare.