Guggenheim Wilshire Micro-Cap ETF (NYSArca: WMCR)
2012: 21.1%
2013: Up 37.5%
Comment: Some so-called micro-cap ETFs are finding it difficult to find enough true, legitimate micro-caps, but the average market value of WMCR’s 953 holdings is $252 million, which is close to micro-cap territory. Given the run-up in smaller stocks this year, WMCR’s end of third quarter P/E of 13.2 is surprisingly low.