NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 2.8%
Although a relatively strong employment report helped to start the day off on an optimistic note, any gains were wiped out by mid-day following news that Fitch had downgraded Italy and Spain.
The past few days of strength have been promising. However, today's news is a reminder that we still face steep macroeconomic hurdles. Investors looking to navigate these tricky markets should continue to stick to defensive assets.iPath Dow Jones UBS Sugar Subindex Total Return ETN (SGG) 2.2% The agriculture sector is witnessing mixed action as we approach the market close. While the sugar-tracking SGG is scoring gains, the iPath Dow Jones UBS Coffee Subindex Total Return ETN (JO) is sitting at the opposite end of the spectrum, dropping over 4%. This type of bipolar performance is not unusual within in the realm of single commodity futures ETNs. Investors looking to target this market while avoiding excessive risk should look to a diversified fund like the PowerShares DB Agriculture Fund (DBA).