The US equity market may be the largest, most liquid and most recognized in the world, but its returns lag those of other international markets. What’s more, US equities have been more volatile over the past 117 years than some other markets that have generated similar returns.
Over the long term equity real returns crush bonds
According to the Credit Suisse Global Investment Returns Yearbook 2017, which considers the returns of all major asset classes between 1900 and 2017 (year-end 2016), US equities have returned 9.5% per annum since the start of the period, versus 4.9% on bonds, 3.7% on bills and inflation of 2.9%.

