UAE - （iShares MSCI UAE ETF）

As the first quarter of 2023 is coming to an end, now is an opportune time to assess the stock market performance of different countries. The U.S. stock market, as represented by the SPDR S&P 500 ETF Trust (ARCA: SPY), ranks only 22nd in the top performing country ETFs list, posting a quarterly total return of about 6%. Let''s take a look at the quarterly performance of the best and worst performing country ETFs worldwide. Also Read: Best Exchange Traded Funds 5 Worst-Performing Country ETFs In Q1 2023 5) iShares MSCI Israel ETF (ARCA: EIS) The major stock market ETF in Israel has fallen 4% in the quarter ending March 2023, ranking as the fifth-worst country ETF so far this year. The worst contributor to the index performance was Bezeq The Israel Telecommunication ADR (OTC: BZQIY ), which fell 30% year to date. 4) iShares MSCI UAE ETF (NASDAQ: UAE ) The iShares MSCI UAE ETF, which seeks to track an index composed of UAE equities, is down 6.7% in Q1 2023 and still trades 25% lower than a year ago.