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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.

Winners

iShares Dow Jones U.S. Oil Equipment & Services Index Fund

(IEZ) - Get iShares U.S. Oil Equipment & Services ETF Report

2.0%

Rising crude oil prices are helping to propel energy-producer ETFs to gains. While energy hungry investors may be willing to dive into any and all funds linked to companies responsible for oil producers, in this morning's feature, I highlighted

a few products that allow investors to focus on companies based in North America.

Guggenheim China Small Cap ETF

(HAO) - Get Invesco China Small Cap ETF Report

1.8%

China-related ETFs are pushing higher mid-week as investors speculate over whether the nation's government will take steps to relieve restraints placed on the Chinese real estate market. While funds like the

iShares FTSE China 25 Index Fund

(FXI) - Get iShares China Large-Cap ETF Report

and the

SPDR S&P China ETF

(GXC) - Get SPDR S&P China ETF Report

are seeing strength, the small cap-focused HAO is leading the pack.

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TheStreet Recommends

Other corners of Asia are enjoying upward action. The

Market Vectors Vietnam ETF

(VNM) - Get VanEck Vietnam ETF Report

and the

iShares MSCI Taiwan Index Fund

(EWT) - Get iShares MSCI Taiwan ETF Report

are among the biggest advancers.

ETFS Physical Platinum Shares

(PPLT) - Get Aberdeen Standard Physical Platinum Shares ETF Report

1.2%

U.S. stock market indices are trading in a choppy manner as we head towards the second half of the week. Despite this performance, however, investors appear unwilling to abandon their metals-related positions. PPLT and the

PowerShares DB Base Metals Fund

(DBB) - Get Invesco DB Base Metals Fund Report

are both up in early afternoon trading.

Losers

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN

(GAZ) - Get iPath Series B Bloomberg Natural Gas Subindex Total Return ETN Report

-12.0%

Premiums can cause a fund's action to be magnified in both directions. Case in point, after yesterday's dramatic push higher, the disconnected GAZ has reversed course and is currently taking a heavy shot across the bow. The fund's premium has pared back a bit, sitting at 65.5%. Continue to steer clear of this product.

For more on GAZ and its staggering premium, be sure to check out my article,

"Achtung! Natural Gas Investors" which is currently featured on

ETFProfits.com

.

Market Vectors India Small Cap Index ETF

(SCIF) - Get VanEck Vectors India Growth Leaders ETF Report

-5.0%

After six consecutive days of upward action pushed the fund to levels last seen in September, the small cap India ETF is taking a breather. Today's heavy downturn has pushed the high-flying fund back to its 200-day moving average. This marks only the sixth day of losses for SCIF since the start of 2012. Other India-related funds like the

WisdomTree India Income ETF

(EPI) - Get WisdomTree India Earnings Fund Report

are also heading lower.

iPath S&P 500 VIX Short Term Futures ETN

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

-2.7%

Although major market indices have spent the day struggling to maintain their footing in positive territory, investors are showing little sign of hesitance. With confidence in vogue, the VIX-tracking VXX is sliding to its fourth day of losses. Thanks this stretch of weakness, the ETN has given back a notable portion of its early-February gains.

All prices as of 2:11 PM EST.

Written by Don Dion in Williamstown, Mass.

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