South Korea Leads ETF Movers as Crypto Rallies

ETF leadership on Wednesday, 22 April 2026 skewed toward Korea, crypto, and copper-linked exposures, with EWY up 6.14%, IBIT gaining 5.27%, and COPX adding 4.21%. Defensive income and real estate lagged by comparison, as DVY and SDY each fell 0.54% while VNQ and XLRE lost 0.83% and 0.73%, respectively.

South Korea jumped 6.14%

Equity ETFs

Outperformers: South Korea EWY +6.14% (3M perf: +34.7%), Copper Miners COPX +4.21% (+1.1%)

Underperformers: High Dividend DVY -0.54% (3M perf: +2.7%), Dividend Aristocrats SDY -0.54% (+0.7%)

3M Regime

Strong: South Korea EWY (3M perf: +34.7%), Taiwan EWT (+27.8%), Semiconductors SMH (+18.6%)

Weak: Healthcare XLV (3M perf: -7.1%), Gold Miners GDX (-6.7%), China MCHI (-6.7%)

Signals to Monitor

Volatility Compression: Copper Miners COPX, High Dividend DVY, Brazil EWZ

Overbought: Taiwan EWT, Small-Cap Core IJR, Russell Growth IWF

Preferred Stock climbed 0.86%

Fixed Income ETFs

Outperformers: Preferred Stock PFF +0.86% (3M perf: +0.1%), EM Sovereign Bonds EMB +0.26% (+1.2%)

Underperformers: Short TIPS VTIP +0.06% (3M perf: +1.4%), Short Corporate VCSH +0.06% (+0.6%)

3M Regime

Strong: Short TIPS VTIP (3M perf: +1.4%), EM Sovereign Bonds EMB (+1.2%), TIPS TIP (+1.1%)

Weak: Preferred Stock PFF (3M perf: +0.1%), Global Bonds BNDX (+0.1%), Inv. Grade Credit LQD (+0.4%)

Bitcoin Trust surged 5.27%

Alternative ETFs

Outperformers: Bitcoin Trust IBIT +5.27% (3M perf: -12.4%), Copper CPER +2.84% (+5.4%)

Underperformers: Real Estate VNQ -0.83% (3M perf: +4.7%), Real Estate Sector XLRE -0.73% (+5.3%)

3M Regime

Strong: Oil USO (3M perf: +76.4%), Broad Commodities PDBC (+24.9%), Global REITs REET (+5.5%)

Weak: Silver SLV (3M perf: -16.2%), Bitcoin Trust IBIT (-12.4%), Gold GLD (-1.9%)

Signals to Monitor

Volatility Compression: Gold GLD, Silver SLV

Romain Gandon — CEO, Quantlake

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results.