Dion's Friday ETF Winners and Losers

NEW YORK (TheStreet) -- Here are today's ETF Winners and Losers.

Winners

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) 5.1%

Energy and resource producers are facing notable pressure at the end of the week as macroeconomic turmoil abroad drives markets lower. These losses are not carrying over to all energy-related ETFs, however. The United States Natural Gas Fund (UNG) is relatively unchanged and the GAZ is sitting in solid positive territory.

GAZ's standout performance can be largely attributed to the fund's substantial premium which currently stands at over 100%.

iPath S&P 500 VIX Short Term Futures ETN (VXX) 3.5%

European debt drama and a disappointing growth report from China overshadowed some impressive earnings showings from top financial names, JPMorgan (JPM) and Wells Fargo (WFC). As the U.S. markets prepare to cap this choppy trading week with another round of losses, the fear-tracking VIX benchmark is heading higher.

iShares Barclays 20+ Year Treasury Index Fund (TLT) 1.3%

As markets head lower, investors are fleeing from risk and seeking the protection of safe haven asset classes. Since rallying through its 50-day moving average at the start of the week, TLT has managed to stay buoyed. Meanwhile, the leveraged, inverse-tracking ProShares UltraShort 20+ Year Treasury ETF (TBT) has tumbled to March lows.

Losers

iShares MSCI Italy Index Fund (EWI) -3.7

European stock markets were battered today and the pain can be felt across a wide collection of EU-tracking ETFs. Spain and Italy have become major factors to watch as yields have surged and sovereign debt fears have dominated headlines.

Continue to avoid this corner of the globe and funds like EWI and the iShares MSCI Spain Index Fund (EWP). It is evident that the trials facing our developed neighbor remain unresolved.

Market Vectors Solar Energy ETF (KWT) -3.4%

With the weekend approaching, clouds have gathered over the solar energy sector, leading KWT and the Guggenheim Solar ETF (TAN) to notable losses. This downturn has put an end to both funds' multiple-day win streaks. In the days ahead, it will be interesting to see if the funds will retreat to previous lows, or if this weakness is temporary. Conservative investors are best off watching from the sidelines.

PowerShares India Portfolio (PIN) -3.6%

European debt woes and China growth concerns are the factors that are dominating today's market discussion. The weight of these trials has driven investors out of risky asset classes and inherently volatile emerging markets. India appears to be leading this retreat; PIN, the iShares S&P India Nifty 50 Index Fund (INDY), and the WisdomTree India Earnings Portfolio (EPI) can all be found toward the top of the losers list.

All prices as of 2:10 PM DST