TheStreet.Com Ratings' Top ETFs for November

Each month the TheStreet.com Ratings updates its ratings for the universe of about 800 exchange-traded funds and closed-end funds that we cover, on the basis of risk-adjusted performance of the previous month.

Our models indicate that Barclays Global Fund Advisors' iShares family was the dominant industry player again in November, with 45 of its offerings in the top 200.

This month I have separated the top-rated ETFs into two main categories: "established" ETF's, or those with a track record of at least three years, and "younger" ETF's, or those with a track record of between two and three years. (ETFs and closed-end funds must have a track record of at least 12 months to be rated.)

This is an important distinction, because older funds, particularly those that have been through an entire economic cycle, have demonstrated some staying power, while the younger funds have yet to earn their stripes, so to speak.

All of the top 10 established funds are from the Barclays stable, and all carry an A-plus rating -- the highest rating given by our models.

And, barring one, iShares Global Energy (IXC Quote), all are international funds.

This reflects the fact that overseas stock markets are still outperforming their U.S. counterparts, a trend that our models have been picking up on since early 2003.

iShares MSCI Spain (EWP Quote) is the outstanding performer, especially with regard to the near-term results, or periods of a year or less. The Spanish economy has been strong, and the fund is also benefiting from its heavy exposure to banks (37.9%) and telecommunications (17%).

Financial services around the world have had a good run. However, investors should note that the fund's portfolio is relatively concentrated, with 48% of holdings in three stocks, Banco Santander Centra(STD Quote), Telefonica SA (TEF Quote) and Banco Bilboa Vizcaya. While this has produced good returns recently, concentration also involves risks.

Top Rated ETFs With Track Records of Three Years or More All of these funds are rated A-plus
Name	Ticker	1 Month Return	3 Month Return	6 Month Return	YTD	1 Year Return	3 Year Return	5 Year Return
iShares MSCI Spain	EWP	5.96	19.93	28.73	47.06	49.45	30.64	22.11
iShares MSCI EMU	EZU	4.53	11.18	14.76	30.59	36.24	23.07	14.65
iShares S&P Europe 350	IEV	2.93	9.27	13.33	27.81	32.11	21.86	14.2
iShares MSCI Germany	EWG	5.11	12.66	12.95	29.69	36.55	22.33	13.58
iShares MSCI France	EWQ	3.12	8.38	11.64	28.48	33.37	22.12	14.15
iShares MSCI Austria	EWO	3.21	11.4	10.82	24.72	30.4	41.41	37.16
iShares S&P Global Energy	IXC	2.2	0.15	5.04	17.42	15.42	30.24	19.86
iShares MSCI Sweden	EWD	5.83	19.91	19.62	34.27	42.23	29.87	19.3
iShares MSCI Belgium	EWK	2.18	8.96	14.48	29.2	34.91	30.01	22.75
iShares MSCI Pacific ex-Japan	EPP	4.04	12.6	12.75	24.49	26.77	24.8	20.82

Turning to the younger ETFs, the picture is slightly different: While all the funds in this table are rated either A-plus or A, no one fund family dominates. Barclays, Vanguard and Powershares are all represented.

Top-Rated ETFs With Track Records of Less Than Three Years No single fund family dominates
Name	Ticker	TSC Rating	1 Month Return	3 Month Return	6 Month Return	YTD	1 Year Return
Vanguard European ETF	VGK	A+	3.44	9.92	13.12	28.54	33.07
PowerShares Dynamic Utilities	PUI	A+	1.33	6.93	17.2	23.37	23.82
iShares MSCI EAFE Value	EFV	A+	1.59	7.42	10.56	23.67	28.57
Vanguard Telecom Serv ETF	VOX	A+	-1.5	10.66	16.44	30.02	26.47
PowerShares Intl Dividend Ach	PID	A+	4.46	10.34	13.14	22.94	24.78
iShares FTSE/Xinhua China 25	FXI	A+	13.84	22.66	28.46	56.02	59.25
PowerShares Dynamic Large Cap Value	PWV	A+	1.36	8.09	14.04	21.17	19.52
iShares Morningstar Large Value	JKF	A	0.45	4.78	12.45	20.59	18.47
Vanguard Value ETF	VTV	A	1.38	7.36	12.03	18.79	17.81
iShares NYSE Composite	NYC	A	2.19	7.81	9.5	17.48	17.78