iShares MSCI Spain Capped ETF (NYSEArca: EWP)
YTD gain: 25.1%
AUM: $807.4 million,
Comment: EWP, one of the more speculative and volatile single-country Europe ETFs on the market. Those traits stem from Spain’s status as the “S” in the infamous PIIGS acronym and the Eurozone’s highest unemployment rate. Standard & Poor’s raised Spain’s outlook Friday to stable from negative but kept the country’s rating at BBB-, a notch better than speculative, junk status, the Wall Street Journal reports.