Political turmoil knocks South Africa out of MarketWatch’s March ETF Madness

Oh, how the mighty have fallen.

In the third week of MarketWatch’s March ETF Madness, one of the strongest contenders saw its perfect record come to an abrupt halt, flaming out in the most dramatic decline yet seen in the season. South Africa

EZA, -3.21%

which cruised to victory against the U.S.

IVV, -0.19%

 in the first week with a 6.1% rally, and then roasted Turkey

TUR, -0.06%

 with a 1.9% advance in the second, is out of…

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