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.
Market Vectors Russia ETF (RSX) 1.2%
The developed Western portion of the European continent is floundering as nations like Germany, France, and Spain work to resolve the region's ongoing economic drama. To the east, however, some strength appears to be shining through.
Russia's strength is helping to lift the SPDR S&P Emerging Europe ETF (GUR) during early afternoon trading. The emerging giant accounts for nearly two-thirds of its geographic breakdown. Although these nations hail from outside the troubled EU, I encourage investors to be cautious before considering exposure here.PowerShares S&P 500 High Beta Fund (SPHB) 1.2% As the markets recover from Monday's sell-off, investors are scrambling for ways to make the most of this strength. According to SPHB's Website, the fund is designed to target the S&P 500 stocks that are most sensitive to market fluctuations. Despite its strength, investors should be wary of SPHB. In the past, the fund has struggled to gather steam. Keep a close watch on its volume in order to avoid liquidity issues. United States Oil Fund (USO) 2.1% The futures-backed USO is gaining ground, powering off of its 200-day moving average. It has been an interesting day for this part of the energy sector. The price of crude futures surged early on in the trading session following rumors that the Iranian government had closed a key oil-shipping route.