Meanwhile, the regional banking sector has been side-stepping much of the tumult lately.

  • SPDR Financial (XLF): up 18.9% in the last week; up 7.3% in the last month; BAC is 5.5%; JPM is 12.3%; WFC is 10.3%

  • iShares Dow Jones U.S. Financial Sector Index Fund (IYF): up 16.6% in the last week; up 4.2% in the last month; BAC is 2.9%; JPM is 10%; WFC is 5.6%

ETF IYF

  • Rydex Equal Weight Financials (RYF): up 13.9% in the last week; up 0.9% in the last month

ETF RYF

Read the disclosure, as Tom Lydon is a board member of Rydex Funds.

Max Chen contributed to this article.