Chart o’ the Day: Euromentum

Below, a ratio chart I’ve created of the EuroStoxx 50 priced in the Dow Jones Industrial Average using the ETFs. Under that is a straight-up performance of the two over the last 30 days.

The FEZ is the “Dow of Europe” ETF, it tracks the EuroStoxx 50 Index of large caps and is dominated by French (Sanofi, Total), German (Bayer, BASF), Spanish (Banco Santander) and other giants of the continent.

As you can see below, since the June lows prompted by Bernanke’s taper talk, the European Dow has been crushing the US index.

euromentum DIA vs FEZ

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