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

Global X/InterBolsa FTSE Columbia 20 Index ETF

(GXG) - Get Report

3.6%

Throughout much of November, the Columbia ETF has suffered through a steep sell-off which has caused the fund to revisit levels seen at the start of September. On Wednesday, however, the fund is managing to ramp higher, scoring some of the strongest gains across the ETF industry as a whole.

iPath Dow Jones UBS Natural Gas Total Return Subindex ETN

(GAZ) - Get Report

3.4%

Natural gas futures riding higher today, helping funds such as GAZ and

United States Natural Gas Fund

(UNG) - Get Report

regain some of the losses suffered during Tuesday's sweeping sell-off.

GAZ's premium, which has held my attention for a number of weeks, has fallen back from its highs and currently sits at slightly more than 13%. It will be interesting to watch this premium in coming days to see if it rebounds or decreases further.

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

2.6%

ETFs dedicated to tracking precious metals miners suffered some of the sharpest declines during Tuesday's tumble. However, on Wednesday funds such as GDXJ and

Global X Silver Miners ETF

(SIL) - Get Report

are staging a comeback, recovering a large part of those losses.

Physically based gold ETFs are not faring as well as their equity-backed cousins.

iShares Gold Trust

(IAU) - Get Report

and

SPDR Gold Shares

(GLD) - Get Report

are both trading in negative territory.

Losers

Guggenheim Solar Energy ETF

(TAN) - Get Report

-3.2%

The volatile solar energy industry is getting knocked today in light of concerns regarding the future of the government's subsidies and tax credits. As I've explained in the past, companies in industry heavily depend on this government aid.

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Report

-2.9%

After Tuesday's dismal performance, the markets are seeing some welcomed positive action. Reflecting this upward movement, the volatility ETNs which have seen strength recently, are retreating lower.

Given their wild swings, conservative and long- term investors should avoid VXX and

iPath S&P 500 VIX Mid-Term Futures ETN

(VXZ) - Get Report

entirely.

Guggenheim China Small Cap ETF

(HAO) - Get Report

-1.2%

China concerns lingering from Tuesday continue to put pressure on ETFs designed to track this nation. Leading the way lower on Wednesday was HAO which tracks the smallest and members comprising the marketplace.

Despite its more volatile nature, I see HAO as a more promising way to play China than large cap-focused funds such as

iShares FTSE/Xinhua China 25 Index Fund

(FXI) - Get Report

(FXI).

All prices as of 2:14 PM EST

Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long iShares Gold Trust.

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.