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) - Get Report


Concerns about Greece's debt situation have helped the new week get off to a shaky start. Disappointing news regarding consumer spending habits at home are doing little to lighten the mood.

Both VXX and the VIX index are benefiting from the stock market slide; VXX's gains follow the ETN's three-day string of losses.

iShares Barclays 20+ Year Treasury Bond Fund

(TLT) - Get Report


Long-term U.S. treasuries are finding footing as sliding stock market indices drive investors into safe havens, propelling TLT back through its 50-day moving average.

On the other side of the coin, the inverse leveraged

ProShares UltraShort 20+ Year Treasury Bond ETF

(TBT) - Get Report

is falling back below its own 50-day moving average.

Market Vectors Vietnam ETF

(VNM) - Get Report


While Europe's turmoil is weighing on markets across globe, one country that appears to be bucking the trend is Vietnam. Rather than following the lead of funds like the Market

Vectors Indonesia ETF

(IDX) - Get Report

and the

iShares MSCI Thailand Investable Market Index Fund

(THD) - Get Report

, VNM is moving independently and locking in its highest levels since mid-November.


iShares MSCI Austria Investable Market Index Fund

(EWO) - Get Report


Three days of strength pushed the Austria ETF to its highest levels since early November. Reignited euro-zone fears, however, have put an end to the optimism and EWO has given back much of these gains.

EWO is not alone, however. ETFs linked to nations across the troubled monetary bloc are finding themselves in negative territory.

Global X Copper Miners ETF

(COPX) - Get Report


Market-linked industries are slumping as shaky action drives investors out of risk. Materials-producers like those underlying COPX and the

Market Vectors Coal ETF

(KOL) - Get Report

are among the hardest hit.

KOL will be interesting to watch in the days ahead as the fund flirts with its December, 2011 highs. The last time this level was tested, it showed to be a point of resistance.

iShares FTSE China 25 Index Fund

(FXI) - Get Report


China's marketplace has reopened following last week's Lunar New Year holiday. Early week losses, unfortunately, have caused FXI to give back all of the gains it witnessed last week.

Small-cap Chinese companies are facing pressure as well. The

Guggenheim China Small Cap ETF

(HAO) - Get Report

is seeing big losses.

All prices as of 2:14 PM EST

Written by Don Dion in Williamstown, Mass.


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At the time of publication, Dion Money Management did not own any equities mentioned.