EGShares India Small Cap ETF (NYSEArca: SCIN)

May gain: 22.4%

Comment: SCIN was locked in a title battle with the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF) for top honors last month. The former edged out the latter by just a tenth of a percent. Highlighting the strength of Indian small-caps for much of May is this anecdote: There are just three India small-cap ETFs, but those three, SCIN, SCIF and the iShares MSCI India Small-Cap ETF (NYSEArca: SMIN), were three of the four best ETFs last month. [India Small-Cap ETFs Slump After Election Rally]

Be careful, though. All three fell last week with SCIF and SCIN each losing more than 6%.

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