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Dion's Wednesday ETF Winners and Losers

ETFs tracking gold, regional banks and Brazil were on the rise in today's rally.
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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.

Winners

Market Vectors Junior Gold Miners

(GDXJ) - Get VanEck Junior Gold Miners ETF Report

3.7%

Precious metals producers are scoring some impressive gains today as gold and silver continue to draw crowds of nervous investors.

The smallest and most volatile members of this industry, the junior miners, are leading the way while funds such as

Market Vectors Gold Miners ETF

(GDX) - Get VanEck Gold Miners ETF Report

and

Global X Silver Miners ETF

(SIL) - Get Global X Silver Miners ETF Report

are following close behind.

Market Vectors Brazil Small Cap ETF

(BRF) - Get VanEck Brazil Small-Cap ETF Report

3.1%

Emerging markets are powering higher today, lead by the small companies representing Brazil's economy. Chile is also heading higher today, leading

TheStreet Recommends

iShares MSCI Chile Investable Market Index Fund

(ECH) - Get iShares MSCI Chile ETF Report

to nice gains.

The markets in China are strengthening as well, leading

iShares FTSE/Xinhua China 25 Index Fund

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

higher.

SPDR KBW Regional Banking ETF

(KRE) - Get SPDR S&P Regional Banking ETF Report

2.9%

The regional banking sector ETF is powering ahead today outperforming funds designed to track larger institutions in the global financial industry.

I have long looked favorably towards these smaller banks as they will likely face less heat than the kings of Wall Street when financial reform is implemented.

United States Natural Gas Fund

(UNG) - Get United States Natural Gas Fund LP Report

2.6%

Natural gas prices are heading higher today amidst the broad market strength. This is helping to lift UNG from the doldrums. The less popular

iPath Dow Jones UBS Natural Gas Total Return Subindex ETN

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

is noticeably outperforming UNG today, gaining nearly 4%.

The jump, however, is partly due to the 8.5% premium the fund has developed. When this premium disappears the fund will likely take a hit. Therefore, I would advise investors to avoid both of these funds.

In this morning's video I highlighted

First Trust ISE-Revere Natural Gas Index Fund

(FCG) - Get First Trust Natural Gas ETF Report

and

Fidelity Select Natural Gas Fund

(FSNGX) - Get Fidelity Select Natural Gas Report

as two strong plays for investors interested in gaining exposure to the natural gas industry.

Losers

iPath S&P 500 VIX Short Term Futures ETN

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

-3.2%

A slew of optimistic earnings results from firms such as

JPMorgan

(JPM) - Get JPMorgan Chase & Co. Report

,

CSX

(CSX) - Get CSX Corporation Report

, and

Intel

(INTC) - Get Intel Corporation Report

are providing investors with a touch of confidence and placing more pressure on the VIX.

In response, the fear-based ETNs are heading lower again, leading the pack of ETF losers. Today's dip marks the seventh straight day of losses for VXX.

iShares Barclays 20+ Year Treasury Bond Fund

(TLT) - Get iShares 20+ Year Treasury Bond ETF Report

-0.8

Investors are pouring into the market today and shunning the protection of long-term U.S. government treasuries. TLT has been bouncing along its 50-day moving average throughout the spring and summer.

Today, however, the fund managed to break below this level. Although it is too early to see if this is indicative of a longer-term breakdown, TLT will certainly be interesting to watch in the near future.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long Market Vectors Gold Miners ETF and iShares MSCI Chile 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.