The Russian markets are struggling today as oil prices cap off a tough week of losses. RSX's performance is tied tightly to the global energy markets with oil and gas companies making up nearly 50% of the fund's total portfolio. The drop also comes even though CurrencyShares Russian Ruble Trust ( XRU) is up almost 0.8% today.
Traditionally, the smaller the company, the more volatile its performance becomes. Today, this quality is evidenced by the losses from IWC, which is designed to track micro cap companies. Its losses are slightly ahead of other small-cap ETFs. All prices as of 2:16 PM EST At the time of publication, Dion Money Management owned RSX.