iShares MSCI Mexico Capped ETF (NYSEArca: EWW)
Local Market YTD: -9.31%
ETF YTD: -7.5%
Comment: When considering that an improving U.S. economy and equity market have previously been positive catalysts for Mexican equities, EWW is an epic disappointment this year. On the other hand, it has been less bad than some of its LatAm ETF counterparts.