A reader asked how Global Small Cap Value returns compare to US Small Cap Value. While I do not have global small-cap value data, I do have Dimensional’s Mid-Cap and Small-Cap Value index data so that we can see how they perform in history. Here are three charts, each showing the ten-year, fifteen-year, twenty-year rolling returns of MSCI World index (Large-cap blend) against Dimensional Global Targeted Value, US Targeted Value, and Europe Value. 10-Year Rolling Return Comparison In recent years, Europe’s performance have not been good but historical returns of the Global Targeted Europe index have been decent. The average Targeted Europe returns have been as good as the US. 15-Year Rolling Return Comparison 20-Year Rolling Return Comparison If we look over a longer period, we can see that there is quite an outperformance for small-cap value over the MSCI World. It is that...