The db-X MSCI EAFE Currency Hedged Equity ETF (NYSEArca: DBEF) was the top-performing ETF yesterday, with 6.69 percent in returns, as investors stepped back into equities but hedged their bets against the still-falling euro.

Two of the best-performing funds were Indian equity ETFs, as India's main 30-share BSE index rose to its highest level since March on news that the Indian government may end it fuel subsidies—long a contributor to that country’s fiscal deficit.

The iShares MSCI India (NYSEArca: INDA) was No. 3 on the list, returning 3.18 percent, and the iShares MSCI India Small Cap ETF (NYSEArca: SMIN) returned 2.22 percent.

Futures-based gold ETPs showed up on the top-performers list yesterday as well, a day after gold miners funds dominated the list. Investors appeared to be exploring how to use the precious metal as a hedge against market volatility.

The Etracs S&P 500 Gold Hedged ETN (NYSEArca: SPGH), which hedges against a decline in the U.S. dollar by taking positions in Comex gold futures, returned 2.39 percent, and the Etracs CMCI Gold Total Return ETN (NYSEArca: UBG) returned 2.07 percent.

Bottom Performers

The Global X FTSE Greece 20 ETF (NYSEArca: GREK) was the worst-performing fund, with 5.09 percent in losses yesterday, as some of Europe’s biggest fund managers dumped euro assets amid spreading fear about Greece’s potential exit from the eurozone.

Fears of a global slowdown dented prices of developing-market and energy-related funds as well.

The PowerShares MENA Frontier Countries Portfolio (NYSEArca: PMNA) was No. 2 on the worst performers list, with 4.31 percent in losses. The IndexIQ Emerging Markets Mid Cap ETF (NYSEArca: EMER) was No. 3 on the list, with 3.44 percent in losses.

Four of the worst-performing funds were energy funds, led by the United States Natural Gas Fund (NYSEArca: UNG), which suffered 3.09 percent in losses, continuing the volatile trajectory of the natural gas sector that has been buffeted by a double whammy of increased supplies coupled with slowing demand.

Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.