PowerShares Golden Dragon China Portfolio (NYSEArca: PGJ) is leaving its peers in the dust for 2013 as the ETF benefits from an outsized position in the tech sector while mostly avoiding beaten-down financial stocks.
PGJ has posted a total return of 24.3% so far this year, according to Morningstar performance data. The funds holds about $200 million of assets.
The iShares China Large-Cap (NYSEArca: FXI) is the largest ETF tracking Chinese stocks with about $5.2 billion in assets. FXI is down 12.1% year to date.
The massive disparity in performance can be explained by different sector exposure.