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Below we highlight the QTD and YTD stock market returns for 77 countries around the world. Through today, the average country in the table was up 8.47% year to date. With a YTD gain of 11.90%, the US is outperforming the average country by 353 basis points.

The top performing country YTD is currently Turkey with a gain of 47.31%. Pakistan ranks a close second with a gain of 46.73%, followed by the Philippines (30.52%), Thailand (29.72%) and Estonia (28.94%). The worst performing country YTD is currently the Ukraine with a decline of 41.23%. Bangladesh ranks second worst at -22.28%, followed by Sri Lanka (-12.23%) and Morocco (-12.08%).

Of the G7 countries, Germany is up by far the most with a YTD gain of 26.05%. And don't look now, but France has overtaken the US in 2012 with a gain of 13.31%. The US ranks third, followed by Japan, Italy, the UK. Canada ranks last with a YTD gain of just 1.50%.

India is the only BRIC country performing particularly well in 2012 with a gain of 25.19%. Russia and Brazil are both up less than 5%, while China is one of the few countries in the red at -10.20%.

(click to enlarge)

Source: 2012 YTD Country Returns