While the markets rode on an upward trend from March lows, some exchange traded funds (ETFs) surprised and elated many with their huge rallies. Let’s take a look at some of the best showings.

The alternative energy industry is readying itself for a brighter future, especially with the Obama administration’s fervent endorsement of the sector.  Globally, more countries are beginning to realize the significance of alternative energy and its benefits to long-term economic goals.

• Claymore/MAC Global Solar Energy (TAN): up 9.1% year-to-date; up 104.5% off its March 9 low

India’s stocks rose after the Congress Party won the elections, and the victory raised hopes of a revival in foreign direct investment and economic growth, along with tax reform and increased spending in infrastructure.

• iPath MSCI India Index ETN (INP): up 54.6% year-to-date; up 102.7% off its March 9 low

Coal, like most other commodities, has been on the rise. China may help boost the price of coal by increasing value-added taxes to coal producers. The Obama administration is expected to put a cap-and-trade program into action, which could ultimately help the coal industry.

• Market Vectors Coal ETF (KOL): up 57.2% year-to-date; up 101.2% off its March 9 low

Regional banks were greatly aided by governmental assistance with programs that allowed banks to unload troubled assets and patch up balance sheets.

• SPDR KBW Regional Banking (KRE): down 35.8% year-to-date; up 95.7% off its March 9 low

Turkey’s economy is also beginning to prosper as a surge in consumer confidence and drop in unemployment rate prompted the Central Bank to ease money lending. The country’s industries are also likely to profit from their close proximity to Middle Eastern oil supplies.

• iShares MSCI Turkey Invest Mkt Index (TUR): up 40.3% year-to-date; up 94.0% off its March 9 low

Max Chen contributed to this article.

Tags: Alternative Energy, Asia, Coal, Emerging Markets, Energy, Financial, India, INP, KOL, KRE, Middle East, Regional Banks, TAN, TUR, Turkey