Dion's Monday ETF Winners and Losers

NEW YORK (TheStreet) -- Welcome to Don Dion's daily ETF Winners and Losers. Be sure to stop by each day to find out which ETFs are gaining or losing.

Winners

iPath S&P 500 VIX Short Term Futures ETN (VXX) 7%

Turmoil in Europe has continued to cast a cloud of uncertainty over the global markets. In the U.S., jittery investors are showing hesitation toward risky assets. Indices were all lower during early afternoon trading.

With fear in vogue, the VIX has managed to power higher. VXX's three-day rally has pushed the ETN to levels last seen in November.

SPDR S&P Semiconductor ETF (XSD) 2%

The semiconductor sector is witnessing standout strength despite the generally choppy action. News that Broadcom (BRCM) will acquire NetLogic Microsystems (NETL) for $3.7 billion helped fuel's XSD's ascent. During early afternoon trading, shares of NETL were up 50%.

iPath Dow Jones UBS Sugar Subindex Total Return ETN (SGG) 1.4%

Despite concerns about the strength of the global economic growth picture, sugar prices continue to power higher. Since bouncing off of its 50-day moving average, the futures-backed SGG has witnessed four days of gains.

SGG's strength in the face of turmoil has been impressive. It will be interesting to see if it can climb higher in the days ahead.

Losers

Market Vectors Poland ETF (PLND) -4.8%

Europe-related ETFs are taking the brunt of the hit at the start of the week as investors continue to express concerns about the euro crisis. Poland is getting hit especially hard, leading both PLND and iShares MSCI Poland Investable Market Index Fund (EPOL) to notable losses.

PLND is currently trading around all-time lows.

Market Vectors Junior Gold Miners ETF (GDXJ) -5.7%

Gold is struggling to find footing despite the market's downward action. This, combined with the broad market weakness is leading GDXJ to suffer heavy losses.

Gold miners are not alone in the decline, however. On the contrary, companies responsible for unearthing all types of metals are struggling. The Global X Silver Miners ETF (SIL) and First Trust ISE Global Copper Index ETF (CU) are falling as well.

iShares MSCI Chile Investable Market Index Fund (ECH) -4%

While Europe is commanding the most headlines, the turbulence in this region is driving investors out of other corners of the global market as well. Emerging markets from across the globe are running into headwinds. Latin America-focused funds including ECH and iShares MSCI Brazil Index Fund (EWZ) can both be found listed among the day's biggest decliners.

All prices as of 2:14 PM EST