2/3 Of Global Stocks Are Down Since 5/21/2015

As you can see, the return distribution exhibits leptokurtic (high peak) and positive skew (longer right tail) characteristics (the market almost always has a positive skew since positive returns can go to infinity in theory). Overall, 66% of stocks have declined over the past year while just 34% have posted unchanged or positive performance. If we filter out the emerging market stocks, we see that developed market stocks have performed marginally better. 40% of DM stocks have had positive performance over the past year compared to just 23% of EM stocks.

(click any chart to enlarge)