The three large-cap Russia ETFs, Market Vectors Russia ETF (NYSEArca: RSX), the iShares MSCI Russia Capped ETF (NYSEArca: ERUS) and the SPDR S&P Russia ETF (NYSEArca: RBL), have been underperforming this year. Year-to-date, RSX is down 6.9%, ERUS is down 9.3% and RBL is down 6.3%. [As EM ETFs Wilt, Gazprom Upgrade Does Little for Russia Funds]
RSX is the largest Russia ETF available. The iShares ERUS ETF tracks an MSCI index and takes a heavier emphasis on large-cap stocks, with a 19.3% tilt toward Gazprom. The SPDR RBL ETF also has a heavy emphasis on large-cap oil companies, with a 16.4% weight in Gazprom and 12.3% in LukOil.
Market Vectors Russia ETF
For more information on Russia, visit our Russia category.