Don Dion's Weekly ETF Winners and Losers

Here's a look at the best and worst performing ETFs of the past week.

Winners

Market Vectors Steel(SLX Quote) +14.6%

Claymore/Delta Global Shipping(SEA Quote) +11.2%

Market Vectors Coal(KOL Quote) +12.7%

First Trust ISE-Revere Natural Gas(FCG Quote) +12.2%

The global risk trade came back in force this week after commodity-related ETFs had sold off between mid-June and mid-July. Energy and industrial commodity prices bounced off their lows, and strong GDP reports from Singapore and China gave confidence to investors. These four funds are still down between 10% and 15% from their June 11 levels, however.

Claymore/Robb Report Global Luxury(ROB Quote) + 12%

With Goldman Sachs(GS Quote), JPMorgan Chase(JPM Quote) and other banks reporting knockout quarters, big bonuses may be on the way, and that's good news for luxury retailers. The fund has been unpopular though, and actually had zero volume on Friday. I picked it as one of the five dumbest ETFs, and it has no chance to attract attention until people begin wasting money again, something that doesn't happen until well into an economic upswing.

SPDR S&P Homebuilders(XHB Quote) +12.6%

iShares Dow Jones U.S. Home Construction(ITB Quote) +14.2%

Both these funds gained on Friday, while the broader real estate ETFs declined. This goes to my argument that recent housing news paints a brighter picture for homebuilders than for ETFs holding commercial real estate, although both face a difficult road ahead. iShares Dow Jones U.S. Real Estate(IYR Quote) gained 7.6% on the week.

1 What would best describe your stance heading into the coming week of trading? Bullish Bearish Neutral 2 Which of these sectors do you think is set to move up in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities 3 Which of these sectors do you think is set to move down in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities View the results without voting