The BRIC trade was one of the hottest trends of the mid-2000s, but it has been especially weak over the past few years. Today, the BRIC (Brazil, Russia, India, China) ETF broke below its 50-day moving average, so we have charted the year-to-date performance of the four countries that make up the ETF in the second chart below.
As shown, India is the only market that is outperforming the S&P 500 in 2012. India's Sensex is up 13.17% vs. the S&P 500's gain of 12.13%. Both Brazil (Bovespa) and Russia (RTSI) are barely in the green for the year, while China's Shanghai Composite is down 6.65%.