The Global X FTSE Greece 20 ETF (GREK) was the worst-performing ETF Monday, July 23, shedding more than 7.5 percent of its value amid a global equities sell-off triggered by renewed concerns surrounding the eurozone’s financial health.
GREK has already lost nearly a quarter of its value year-to-date, as Greece—along with Spain and Italy—sit at the center of Europe’s still-unraveling debt crisis.
Weekend reports that a planned bailout of Spanish banks might prove insufficient to solve the country’s debt problems were behind the market’s weakness. The Dow Jones industrial average closed 101.11 points lower, or 0.8 percent, at 12,721.46 after having dropped as much as 240 points at one point during Monday’s session.
Brazil-, Poland- and India-focused funds were also among the day’s worst performers but, interestingly, so were Russia-focused ETFs. Russia has finally signed the dotted line to become an official member of the World Trade Organization, effective late August. Russia was one of the largest economies to remain outside of the organization.
The Market Vectors Russia ETF (RSX) dropped 4.5 percent Monday, with nearly 7 million shares trading hands that day. The SPDR S'P Russia ETF (RBL) was another fund that ranked high among the day’s worst. It bled 4.3 percent of its value.
On the flip side, it was all about VIX-linked strategies. The CBOE Market Volatility Index (VIX) spiked more than 25 percent at one point Monday , as the market raced to price in equities risk in the face of Europe’s debt woes.
The iPath S'P 500 VIX Short-Term Futures ETN (VXX) gained more than 6.5 percent on the day, with a whopping trading volume of nearly 57 million shares on Monday. The fund currently has $1.74 billion in assets.
ProShares’ VIX Short-Term Fund (VIXY) rallied 6.3 percent, with 1.3 million shares trading hands.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| CVOL | C-Tracks Exchange-Traded Notes on the Citi Volatility | 9.81% | 12,300 | 6.63 |
| VXX | iPath S'P 500 VIX Short-Term Futures ETN | 6.52% | 56,999,951 | 1,746.07 |
| VIXY | ProShares VIX Short-Term | 6.33% | 1,309,379 | 147.62 |
| VIIX | VelocityShares VIX Short Term ETN | 6.27% | 549,449 | 35.37 |
| VXZ | iPath S'P 500 VIX Mid-Term Futures ETN | 3.21% | 522,082 | 259.22 |
| VIXM | ProShares VIX Mid-term | 3.16% | 15,792 | 81.90 |
| EDV | Vanguard Extended Duration Treasury | 1.19% | 39,872 | 223.99 |
| MOM | QuantShares U.S. Market Neutral Momentum | 1.18% | 5,943 | 5.29 |
| ZROZ | PIMCO 25+ Year Zero Coupon U.S. Treasury | 1.09% | 18,560 | 183.04 |
| NIB | iPath Dow Jones-UBS Cocoa Total Return ETN | 0.83% | 4,820 | 24.76 |
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded
| Ticker | Name | 1-Day Performance | 1-Day Volume | AUM ($, mm) |
| GREK | Global X FTSE Greece 20 | -7.58% | 28,072 | 6.88 |
| BRAF | Global X Brazil Financials | -5.85% | 1,300 | 3.49 |
| FWDI | AdvisorShares Madrona Forward International | -5.35% | 2,600 | 13.67 |
| RSX | Market Vectors Russia | -4.49% | 6,968,817 | 1,623.05 |
| RBL | SPDR S'P Russia | -4.30% | 52,874 | 60.98 |
| EPOL | iShares MSCI Poland Investable Market | -4.14% | 37,083 | 108.50 |
| PLND | Market Vectors Poland | -4.13% | 9,046 | 29.94 |
| IPW | SPDR S'P International Energy | -4.10% | 5,558 | 10.55 |
| LGEM | EGShares Basic Materials GEMS | -4.06% | 13,560 | 2.62 |
| SCIN | EGShares India Small Cap | -4.05% | 6,920 | 21.23 |
Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
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