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Dion's ETF Winners and Losers: VXX, ITB, DXJ

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) 7.0%

After scoring one of the top spots on Monday's losers list, the fear-tracking VXX ETN has managed to stage a comeback, recovering some of its lost ground. This bounce comes after the volatile instrument locked in all-time lows.

With its premium nearly wiped out, the VelocityShares Daily 2X VIX Short Term ETN (TVIX) is also staging a comeback, capping a four-day string of losses.

iShares Dow Jones U.S. Home Construction Index Fund (ITB) 2.7%

This morning's Case-Shiller data indicated that housing prices continued to drop in January, tumbling to their lowest level since the start of 2003. Despite this disappointing news, homebuilders are reacting favorably, with ITB and the SPDR S&P Homebuilder ETF (XHB) locking in gains.

The past week's economic data have helped to remind investors that the U.S. real estate industry is still riddled in uncertainty. Tread carefully here.

WisdomTree Japan Hedged Equity ETF (DXJ) 1.2%

Japan-related ETFs are pushing higher as the Nikkei 225 surges toward levels seen prior to last year's earthquake and tsunami. While the iShares MSCI Japan Index Fund (EWJ) is scoring gains, it is being trumped by DXJ. This WisdomTree-sponsored fund has managed to carve out a leadership position during the opening quarter of 2012. Its standout strength stems from its currency hedge strategy.


Market Vectors Vietnam ETF (VNM) -2.8%

After two days of gains, the Vietnam ETF is retreating to March lows. Although the inherently volatile product kicked off the month on a strong note, during the final month of the quarter, it appears to have run out of steam. A resurgence of confidence may be enough to spur it further, but investors should use extreme caution here.

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) -2.7%

GAZ's losing streak has extended into its fourth day as the ETN's heavy premium continues to deflate. For weeks I've warned that this type of action would occur when the product reverts to its underlying index. Continue to watch from the sidelines. At 54%, the premium still has room to fall.

Market Vectors Junior Gold Miners ETF (GDXJ) -2.3%

Comments from Fed Chairman Ben Bernanke helped to inject some confidence into gold miners and other gold-related ETFs. The strength, however, appears to be abating, leading GDXJ and the iShares Gold Trust (IAU) to losses.

A number of other precious metals-related funds are heading south. One notable exception is the platinum-tracking ETFS Physical Platinum ETF (PPLT), which is sitting in positive territory.

All prices as of 2:13 PM DST

Written by Don Dion in Williamstown, Mass.


At the time of publication, Dion Money Management was long IAU.

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DXJ $41.10 0.00%
GAZ $0.46 0.00%
ITB $26.59 0.00%
VXX $16.83 0.00%
AAPL $93.74 0.00%


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