NEW YORK ( TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to find out who's winning and who's losing when it comes to ETFs.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 3.4%
The markets are closing out a choppy week on a down note sending the fear-tracking VIX ETNs higher.
VIX-tracking products like VXX are often among either the top winners or biggest losers on a daily basis. While attractive during periods of uncertainty, the inherent volatility of these products makes them unsuitable for long term minded investors.Market Vectors India Small Cap Index ETF (SCIF) 1.6% Although the U.S. markets are struggling, a number of developing nations are seeing notable gains. India is a big winner with the SCIF and iShares S&P India Nifty 50 Index Fund (INDY) carving out ETF industry leading gains. Other BRIC-related products such as Guggenheim China Small Cap ETF (HAO) and First Trust BICK Index Fund (BICK) are also heading higher. iPath Dow Jones UBS Copper Subindex Total Return ETN (JJC) 0.8% The futures-backed copper ETN has jockeyed back and forth throughout the past week as investors question the strength of the global economic recovery. Looking to the near term, investors will want to keep a close eye on this fund's 50-day moving average. Since initially dipping below this level at the start of 2011, it appears to have become a point of resistance.