The performance pecking order changed in April as large-caps and techs moved from under performers to out performers. Even though small-caps and mid-caps are underperforming so far in April, they are still outperforming on a longer timeframe (since early February). The PerfChart below shows month-to-date performance for nine major index ETFs. The Nasdaq 100 Equal-Weight ETF (QQEW) and Nasdaq 100 ETF (QQQ) are the top performers with gains just above 2%. The S&P 100 ETF (OEF) is third with a gain of 1.93%. The S&P SmallCap iShares (IJR) and S&P MidCap SPDR (MDY) are the laggards with gains less than 1%.