The First Quarter’s Worst ETFs

Market Vectors Russia ETF (NYSEArca: RSX)

Year-to-date loss: 18.4%

Comment: A couple of caveats here. First, RSX gets this spot because it is the largest Russia ETF by assets, but to be fair, the iShares MSCI Russia Capped ETF (NYSEArca: ERUS) and the SPDR S&P Russia ETF (NYSEArca: RBL) have not been angels, either. Second, Russia ETFs picked up the pace a bit over the last two weeks, perhaps getting a lift from some of the lowest valuations in the developing world. [The White House is no Place for ETF Advice]