Wednesday's ETF Winners & Losers

Overseas-related exchange-traded funds were among the best performers Wednesday, despite a slide in Asian indices overnight.

Japan's Nikkei 225 Index lost 1.7%, Hong Kong's Hang Seng Index sank 1.5% and China's CSI 300 Index shed 1.5%, after partially recovering from steeper early losses. Other indices in Taiwan, South Korea and Indonesia finished lower as well, also after rallying from earlier lows.

Still, investors appeared to take heart in the comebacks. The iShares FTSE/Xinhua China 25 Index (FXI Quote) was higher by $6.65, or 4.7%, to $147.35. The PowerShares Golden Dragon Halter USX China (PGJ Quote) was higher by $1.07, or 4.1%, to $27.22. The SPDR S&P China (GXC Quote) was adding $3.21, or 4.3%, to $77.40. The Vanguard Emerging Markets Stock (VWO Quote) was up $3.23, or 3.7%, to $91.63.

Oil-related bundled securities were higher as crude prices spiked following the Energy Department's latest inventory report. The front-month October crude contract advanced $1.46 to $73.19 a barrel. Earlier, the Energy Department said that gasoline stocks fell by 3.6 million barrels last week. Crude stocks, meanwhile, fell by a greater-than-expected 3.5 million barrels.

The Ultra Oil & Gas ProShares (DIG Quote) was gaining $2.91, or 3.2%, to $92.74. The iShares Dow Jones U.S. Oil Equipment Index (IEZ Quote) rose $1.17, or 2.1%, to $57.67. The SPDR S&P Oil & Gas Equipment & Services (XES Quote) was higher by 62 cents, or 1.7%, at $36.48.

Homebuilder ETFs strengthened, despite news that Fitch Ratings downgraded its credit ratings on several homebuilders late Tuesday. Hovnanian (HOV Quote), Standard Pacific (SPF Quote) and Beazer Homes (BZH Quote) were adding nearly 4% or more.