FYI: It was a tough 2018 for equity fund investors with money in the U.S. market: The S&P 500 lost 6%, and the Nasdaq fell 4%. But results were worse for those invested in markets outside the United States. The MSCI EAFE Index of developed markets plunged about 14% in U.S.-dollar terms, as did the MSCI ACWI ex USA Index (which includes a hefty dose of emerging markets). A variety of concerns hurt international markets, from local political issues to dismal economic data to the global impact of U.S. policies. Many stock markets abroad posted deeper losses than those in the U.S.
Regards,
Ted
https://www.morningstar.com/articles/906806/a-tough-time-for-all-internationalstock-funds-in-2.html