Dion's Wednesday ETF Winners and Losers - TheStreet

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.

Winners

iShares Dow Jones U.S. Home Construction Index Fund

(ITB) - Get Report

2.8%

While today's new home sales report was disappointing, the ETFs which track home construction and homebuilder firms are pulling off some of the strongest gains among the entire ETF industry. Aside from ITB, the

SPDR S&P Homebuilder ETF

(XHB) - Get Report

(XHB) is also jumping.

United States Natural Gas Fund

(UNG) - Get Report

0.4%

Natural gas prices are moving higher today, sending UNG and

iPath Dow Jones-UBS Natural Gas Total Return Subindex ETN

(GAZ) - Get Report

higher. At the start of June, UNG saw a nice rally, putting an end to its previous months of trading sideways. However, in recent weeks, the fund has shown signs that it may be settling once again.

iPath S&P 500 VIX Mid Term Futures ETN

(VXZ) - Get Report

0.2%

May data on new home sales came in today, pointing to a nearly 33% drop from the previous month. Year-over-year sales showed an 18% decline.

These disappointing numbers stoked fear in the hearts of investors and drove the volatility index higher, causing VXZ to bounce off its 50-day moving average. http://money.cnn.com/2010/06/23/real_estate/new_home_sales/

Losers

iShares MSCI Turkey Investable Market Index Fund

(TUR) - Get Report

-2.2%

Turkey and Israel remain at odds over the Israeli raid on a Gaza flotilla at the end of May. On Wednesday, the political tensions helped pressure TUR and the

iShares MSCI Israel Investable Market Index Fund

(EIS) - Get Report

. Looking ahead, as long as this conflict continues, these two funds should remain volatile.

ETFS Physical Palladium Shares

(PALL) - Get Report

-2.1%

In today's choppy trading session, precious metals are heading lower, with the most volatile of the industrial precious metals taking the biggest hit. This week, PALL has struggled to rise above its 50-day moving average. Investors may want to keep an eye on this level in the near future.

Gold, as tracked using

iShares COMEX Gold Trust

(IAU) - Get Report

, is down only 0.6%.

iShares MSCI Australia Index Fund

(EWA) - Get Report

-1.5%

Today's poor housing numbers are putting pressure on outlooks for the U.S. and global market recovery. This is causing commodity-heavy single nation ETFs such as EWA and

iShares MSCI Canada Index Fund

(EWC) - Get Report

to take losses.

United States Oil Fund

(USO) - Get Report

is another commodity loser today, dropping 1.5% on higher inventories.

All prices as of 2:45 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long iShares COMEX Gold Trust and iShares MSCI Turkey Investable Market Index Fund.

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.