There is another example and it is a big one: China. The Chinese yuan has actually risen this year, an anomaly among emerging currencies. Over the past 90 days, the SPDR S&P China ETF (NYSEArca: GXC) is up 1.4%. By comparison, the iShares MSCI Capped Brazil ETF (NYSEArca: EWZ) is down 15.2% over the same time as the Brazilian real has continued its slide.
SPDR S&P China ETF
ETF Trends editorial team contributed to this post.