ETF Symbol: Price 68.57 Volume 48500 Avg Vol 282860 RSf 89.9 $Vol(21d) 16m 52 wk High 69.64 52 wk Low 53.92 (as of 2010-09-09) Total Returns: 1 day 1.2% 5 day 3.4% 1 month 2.9% 3 month 10.6% 6 month 6.5% 9 month 10.9% 1 year 21.8%   Compare Funds: Correlated Group: Emerg Mkts (View cGroup) (All Groups)

Correlated Funds

Most Correlated   Least Correlated WisdomTree India Earnings EPI 0.97 ProShares UltraShort MSCI Brazil BZQ -0.85 PowerShares India PIN 0.96 ProShares UltraShort MSCI Europe EPV -0.85 SPDR S&P Emerging Asia Pacific ETF GMF 0.92 Direxion Developed Markets Bear 3X Share DPK -0.86 Vanguard Emerging Markets VIPERs VWO 0.92 ProShares UltraShort MSCI EAFE EFU -0.86 iShares MSCI Emerging Index Fund EEM 0.92 ProShares Short MSCI EAFE EFZ -0.86 Direxion Emerging Markets Bull 3X Shares EDC 0.91 ProShares UltraShort FTSE/Zinhua China 25 FXP -0.86 iShares MSCI BRIC Index Fund BKF 0.91 Direxion Daily Latin America Bear 3X Shs LHB -0.87 WisdomTree Emerging Markets High-Yielding Equ DEM 0.91 ProShares UltraShort MSCI Emerging Mkts EEV -0.92 PowerShares DWA Em Mkts Technical Ldrs PIE 0.91 ProShares Short MSCI Emerging Mkts EUM -0.92 iShares MSCI All Country Asia ex Jpn Idx AAXJ 0.91 Direxion Emerging Markets Bear 3X Shares EDZ -0.92

These 126 day (6 month) correlations can be considered short term, focusing on recent price movements. Correlations are only calculated for actively traded funds. As of: 2010-09-03.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.