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 6.7%
Thanks to a dismal consumer confidence report and concerns regarding China's economic growth prospects, fear is in abundance and the VIX is scoring gains.
Over the past week and a half, VXX has staged an impressive bounce against its 50-day moving average but remains too dangerous to consider a long-term holding.
CurrencyShares Japanese Yen Trust (FXY) - Get Report 1.0%
Rather than using VIX-based ETFs like VXX to play down days like these, I would advise investors to use funds like FXY,
iShares Barclay's 20+ Year Treasury Bond Fund
iShares COMEX Gold Shares
as stable defensive plays.
Today, all three of these funds have managed to avoid falling into negative territory.
iShares MSCI Switzerland Index Fund (EWL) - Get Report -6.0%
The strength of the Swiss franc does not have the National Bank of Switzerland worried as evidenced by their comments regarding the lack of deflationary risk issued on Monday. However, investors do not appear to share the same sentiment and EWL is suffering. EWL is actually down about 2% from yesterday's late trading, ahead of the eurozone country ETFs, but a very large spike at the end of the trading day has led to the large reported loss today.
Investors can play the nation's currency, which has recently surged against the euro and the U.S. dollar, using the
CurrencyShares Swiss Franc Trust
Market Vectors Coal ETF (KOL) - Get Report -5.2%
Concerns about China's growth prospects are putting pressure on commodities and materials funds, driving KOL,
Market Vectors Steel ETF
SPDR Metals & Mining ETF
iPath Dow Jones-UBS Copper Total Return Subindex ETN
Investors interested in playing materials in the future should continue to keep a close watch on this Asian powerhouse. The nation's demand for resources is a strong determinant of price direction.
iShares MSCI Italy Index Fund (EWI) - Get Report -4.8%
Europe's debt crisis has managed to steal back some headlines, causing investors to flee the most troubled of the currency bloc's constituents. EWI and
iShares MSCI Spain Index Fund
are funds that represent some of the most at-risk nations in Europe right now and should be avoided entirely.
First Trust ISE Chindia Index ETF (FNI) - Get Report -4.8%
China's markets took a heavy hit today on concerns about the nation's economic growth prospects. FNI and
PowerShares Golden Dragon Halter USX China Portfolio
are among the China-focused ETFs taking the biggest hits.
FNI is designed to provide investors with exposure to both the Chinese and Indian markets. Although geographically the fund's index is diverse, it still maintains heavy exposure to China's massive state run firms I have advised investors against in the past.
Continue to turn to
Claymore/AlphaShares China Small Cap Index ETF
to fulfill your thirst for Chinese equities.
All prices as of 2:15 PM EST
At the time of publication, Dion Money Management owned IAU.
Don Dion is president and founder of
, 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.