Asia Mega-Caps Outperform S&P 500 by Widest Margin in Decade

AIA surged 52.67% year-to-date through June 3, 2026, driven by AI demand and TSM's 44% gain, eclipsing SPY's 10.61% rise. A $10,000 investment in the iShares Asia 50 ETF (AIA) on December 31, 2025, grew to $15,267 by June 3, 2026, a 52.67% gain. The S&P 500 ETF (SPY) rose

AIA surged 52.67% year-to-date through June 3, 2026, driven by AI demand and TSM’s 44% gain, eclipsing SPY’s 10.61% rise.

A $10,000 investment in the iShares Asia 50 ETF (AIA) on December 31, 2025, grew to $15,267 by June 3, 2026, a 52.67% gain. The S&P 500 ETF (SPY) rose just 10.61% over the same period, marking the widest Asia mega-cap outperformance in a decade.

AIA opened 2026 at $97.51 and closed June 3 at $148.87, a 100.7% surge from June 2025. SPY’s 12-month return was 26.53%. Taiwan Semiconductor (TSM), AIA’s top holding, jumped 44% year-to-date on AI chip demand, while Alibaba (BABA) fell 13%.

Analysts warn the rally hinges on sustained AI capex and geopolitical stability, with risks of a pullback if conditions shift.

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