Dion's Thursday ETF Winners and Losers

Today marks the sixth consecutive day of gains for the VXX as fear continues to trump greed.
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NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.


iPath S&P 500 VIX Short-Term Futures ETN (VXX) - Get Report 11.1%

Another volatile day in global markets has investors pouring into the VIX. Today marks the sixth consecutive day of gains for the VXX as fear continues to trump greed. The fund is currently surpassing its previous 2010 highs, last seen in mid-February.

iShares Barclays 20+ Year Treasury Bond Fund (TLT) - Get Report 1.7%

Investors are fleeing equities in favor of bonds. TLT, designed to track Treasuries with the longest maturities, is seeing strong gains from this flight to safety. Comparatively, the leveraged inverse play,

ProShares UltraShort 20+ Year Treasury Fund

(TBT) - Get Report

is taking a hit, dipping 3.5%.

CurrencyShares Japanese Yen Trust (FXY) - Get Report 1.5%

The biggest move among the most actively traded currencies is the gains seen today in Japanese yen. FXY is advancing strongly as carry trades unwind. The Australian dollar is down to an 8-month low and

CurrencyShares Australian Dollar Trust

(FXA) - Get Report

is down 1.6% on the day.


ETFS Physical Palladium Shares (PALL) - Get Report -8.2%

Precious metals linked to industry are leading a broad metal sell off today. The increased volatility associated with Palladium is causing the physically backed PALL to take the biggest hit of the group.

Although it staged an impressive rally through March and April, the fund has since erased these gains, dropping back to levels last seen at the close of February.

iShares MSCI South Korea Index Fund (EWY) - Get Report

Tensions on the Korean peninsula are taking their toll on the large cap South Korea ETF. The hit on Thursday sent the fund below $44, a level the fund has managed to stay buoyed above since the close of 2009.

iShares MSCI Australia Index Fund (EWA) - Get Report -4.4%

Along with its dollar, Australia's markets are getting pounded today as investors express concerns over the European debt situation. Mining companies are taking some of the biggest hits around the world, driving the materials-laden EWA lower. The fund is currently at levels last seen during the summer of 2009.

All prices as of 2:40 PM EST

-- Written by Don Dion in Williamstown, Mass.

Don Dion is president and founder of

Dion Money Management

, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.