Dollar ETF portfolios have accumulated returns of up to 168% as of the end of June 2026

As a complement to the exceptional returns achieved by our portfolios as of the end of June 2026, we review the performance of inbestMe’s dollar-denominated ETF portfolios.

It is worth remembering that, although the portfolios are globally diversified, the significant weight of US stock markets in global indices—around 60% in the MSCI ACWI and close to 70% in the MSCI World—means that, by definition, unless corrective measures are adopted, such as those we apply to our euro portfolios, investors assume substantial exposure both to the US market and to the US dollar.

On the other hand, if an investor wants to link their portfolio’s returns to unhedged, dollar-denominated indices, it is important to do so consciously and to choose a dollar-denominated portfolio, such as those offered by inbestMe. Otherwise, for a European investor, the portfolio could effectively become a “currency portfolio.”

These portfolios are therefore primarily suitable for investors whose finances are “dollarised” or who deliberately want to maintain exposure to the dollar across part or all of their wealth. For portfolios denominated in dollars, returns are calculated in that currency. Consequently, converting them into another currency may have either a positive or negative effect, depending on exchange-rate fluctuations.

Exceptional returns from dollar ETF portfolios as of the end of June 2026

Although the returns of our dollar ETF portfolios as of the end of June 2026 were not the strongest among our portfolios during the first half of the year, they remained very solid, in line with inbestMe’s other investment portfolios.

Portfolio returns ranged from 2% for profile 1 to 12.1% for profile 10. On average, dollar ETF portfolios returned 6.9%, slightly outperforming the 6.4% recorded by euro portfolios. It is worth noting that euro portfolios achieved a slightly higher maximum return during the period: 12.5%, compared with 12.1%.

The average investor profile, 7 out of 10, recorded a solid return of 8.6% in dollar ETF portfolios during the first half of 2026.

Dollar ETF portfolios have achieved the highest cumulative historical returns, reaching up to 168%

Our investment portfolios have been designed for the medium to long term. We prefer to focus on these time horizons because this is where index investing demonstrates its main advantages, with returns compounding over time through the effect of compound interest.

Cumulative returns since 2017 have been truly exceptional, ranging from 42.3% to 167.9% for profile 10. The average cumulative return across all profiles has already exceeded 100%, reaching 103.9%.

inbestMe’s average investor profile, profile 7 out of 10, has accumulated a return of 122.7%.

Profiles 6 through 10 have clearly exceeded a 100% return, while profile 5 is only a few tenths of a percentage point away, at 99.3%.

The chart above shows that the annualised return of the dollar portfolios ranges from 3.8% for profile 1 to 10.9% for profile 10, with an average of 7.6%.

The average inbestMe investor profile is 7 out of 10 and achieves an annualised return of 8.8% in the dollar portfolio.

Overall, dollar ETF portfolios have accumulated higher returns within inbestMe’s range of portfolios. Although this stronger performance can be seen across all profiles, it is relatively more significant among the lower-risk profiles, which have benefited from higher interest rates than those available in Europe.

When comparing the risk-adjusted returns of the euro and dollar portfolios, their performance tends to converge, with average Sharpe ratios of around 0.50.