U.S. equities and stock exchange traded funds experienced some choppy conditions, but investors have unclenched their teeth as markets largely rebounded over July.

Over July, the Dow Jones Industrial Average added 0.3%, the Nasdaq Composite increased 2.0% and the S&P 500 gained 1.8%.

The best performing non-leveraged ETFs over the past month include the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF) up 10.5%, First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) up 7.8% and EGShares India Small Cap ETF (NYSEArca: SCIN) up 7.6%.

India’s equities are recovering, with small-cap stocks at the lead, after the major sell-off following the risk-off mindset in response to the plunge in Chinese equities last month. India’s market is also being supported by the government’s push toward economic reforms, which have been positive for domestic businesses.

Meanwhile, technology stocks are leading as big names reveal strong second quarterly results. For instance, Amazon (NasdaqGS: AMZN), which is a major component of FDN, spiked to new all-time highs after reporting a much-better-than-expected second quarter profit. [Amazon Sends a Batch of ETFs to All-Time Highs]

The worst performing non-leveraged exchange traded products over the past month include the First Trust ISE-Revere Natural Gas Index Fund (NYSEArca: FCG) down 25.3%, C-Tracks on Citi Volatility Index ETN (NYSEArca: CVOL) down 24.9% and iShares MSCI Global Gold Miners ETF (NYSEArca: RING) down 24.5%.

International markets were watching the Greek drama unfold during the start of the month as Greece moved to reject austerity measures and default on debt.

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