Tuesday's ETF Winners & Losers

Updated from 12:50 p.m. EDT with new stock prices

Exchange-traded funds related to crude oil were among the worst decliners of Tuesday's losing session, as oil prices pulled back sharply from record highs.

Last time out, the December crude contract set a record close of $93.53 a barrel, but prices were recently down at $90.38 a barrel. Several oil companies fell in lockstep with the slide in oil prices, including ConocoPhillips (COP), ExxonMobil (XOM), Valero (VLO) and Chevron (CVX).

Among ETFs, the Ultra Oil & Gas ProShares (DIG) was down $7.58, or 6.5%, to $109.13. The SPDR S&P Oil & Gas Equipment & Services (XES) was losing $1.60, or 4%, to $38.39. The Oil Services HOLDRs (OIH) was off $7.91, or 4.1%, to $185.71. The iShares Dow Jones U.S. Oil Equipment Index (IEZ) slid $2.45, or 3.8%, to $61.53.

ETFs tracking the financial sector were also under pressure after the Merrill Lynch (MER) said embattled CEO Stan O'Neal has decided to leave the firm, effective immediately. Rumors of O'Neal's departure had boosted the stock 10.7% higher over the previous two sessions, but shares of Merrill were recently down 2.8%.

The Ultra Financials ProShares (UYG) declined by 82 cents, or 1.5%, to $54.17. The iShares Dow Jones U.S. Broker-Dealers (IAI) was lower by 61 cents, or 1.1%, to $54.03. The Financial Select Sector SPDR (XLF) was recently down 38 cents, or 1.1%, to $33.42.

Bundled securities tracking the homebuilding sector were up, however. Among individual names, Hovnanian (HOV), Toll Brothers (TOL), Pulte Homes (PHM) and Beazer Homes (MTH) were all higher.

The iShares Dow Jones U.S. Home Construction (ITB) was up 15 cents, or 0.7%, to $21.43. The SPDR S&P Homebuilders (XHB) was climbing 30 cents, or 1.3%, to $22.80.

Real estate-related ETFs were also among few winners after Vornado Realty Trust (VNO) posted third-quarter revenue that beat expectations. The realty company also reported funds from operations that matched estimates.

The Vanguard REIT Index (VNQ) ETF was adding 84 cents, or 1.2%, to $71.34. The iShares FTSE Nareit Retail (RTL) was up 87 cents, or 2%, to $44.50.

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