NEW YORK ( TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.
iPath S&P 500 VIX Short-Term Futures ETN (VXX) 6.7%Thanks to a dismal consumer confidence report and concerns regarding China's economic growth prospects, fear is in abundance and the VIX is scoring gains.
Over the past week and a half, VXX has staged an impressive bounce against its 50-day moving average but remains too dangerous to consider a long-term holding.
CurrencyShares Japanese Yen Trust (FXY) 1.0%Rather than using VIX-based ETFs like VXX to play down days like these, I would advise investors to use funds like FXY, iShares Barclay's 20+ Year Treasury Bond Fund (TLT) and iShares COMEX Gold Shares (IAU) as stable defensive plays.
Today, all three of these funds have managed to avoid falling into negative territory.
iShares MSCI Switzerland Index Fund (EWL) -6.0%The strength of the Swiss franc does not have the National Bank of Switzerland worried as evidenced by their comments regarding the lack of deflationary risk issued on Monday. However, investors do not appear to share the same sentiment and EWL is suffering. EWL is actually down about 2% from yesterday's late trading, ahead of the eurozone country ETFs, but a very large spike at the end of the trading day has led to the large reported loss today.
Investors can play the nation's currency, which has recently surged against the euro and the U.S. dollar, using the CurrencyShares Swiss Franc Trust (FXF).