The Global X FTSE Greece 20 ETF (NYSEArca: GREK) has not been hampered by its status as an emerging markets ETF, gaining 7.5% year-to-date. It was just about a year ago that Russell Investments became the first index provider to demote Greece to emerging markets status (MSCI and S&P Dow Jones Indices would later follow), but GREK is up 64% in the past year. Greek stocks soared in January, their best start to a year since 1994. [Profits With the Greece ETF]

Do not forget the Global X FTSE Portugal 20 ETF (NYSEArca: PGAL). The newest member of the PIGS ETF group debuted in November 2013 and now has $20.4 million in AUM. Amid declining bond yields and the country’s efforts to exit a 78 billion euro IMF-EU aid program, PGAL is up 13.3% year-to-date. [Portugal ETF Rallies as Bailout Exit Nears]

And if we want to make PIGS PIIGS to include Ireland, it should be noted that iShares MSCI Ireland Capped ETF (NYSEArca: EIRL) is up more than 10% this year and has pulled in $34.6 million of its $168.7 million in assets.

iShares MSCI Italy Capped ETF