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.


ETFS Physical Palladium Shares

(PALL) - Get Aberdeen Standard Physical Palladium Shares ETF Report


After Tuesday's steep sell-off, major U.S. stock market indices are attempting to regain some lost ground. In response to this turn around, palladium prices are heading higher. This precious metal's links to industry causes it to behave in line with the broader markets.

PALL's gains come after a three days of declines pushed it to levels last seen in late-January.

iShares Dow Jones U.S. Home Construction Index Fund

(ITB) - Get iShares U.S. Home Construction ETF Report


Both ITB and the

SPDR S&P Homebuilder ETF

(XHB) - Get SPDR S&P Homebuilders ETF Report

descended to their 50-day moving average during yesterday's downturn. Mid-week, however, the two are staging a welcomed bounce.

While residential homebuilders are benefitting, the same cannot be said for REIT-focused funds. The

iShares Cohen & Steers Realty Majors Index Fund

(ICF) - Get iShares Cohen & Steers REIT ETF Report

and the

iShares Dow Jones U.S. Real Estate Index Fund

(IYR) - Get iShares U.S. Real Estate ETF Report

are relatively unchanged at mid-day.

Global X China Consumer ETF

(CHIQ) - Get Global X MSCI China Consumer Discretionary ETF Report


A heavy dose of uncertainty has been injected into China's stock market following news that the nation was cutting its growth forecasts. This news has created turmoil for CHIQ and a number of other products designed to track the emerging international growth engine.

CHIQ is enjoying a nice bounce, but clouds still linger. Use caution here.

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iPath S&P 500 VIX Short Term Futures ETN

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


The VIX and exchange traded products linked to the closely-watched benchmark took off on Tuesday as the major market indices headed to their steepest losses in 2012. As the selling pressure has subsided, however, these fear indicators have taken a breather.

Today's gains pushed the

iPath S&P 500 VIX Mid Term Futures ETN

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

back through its 50-day moving average. It will be interesting to see if it can maintain these heights in the coming days.

iPath Dow Jones UBS Grains Subindex Total Return ETN

(JJG) - Get iPath Series B Bloomberg Grains Subindex Total Return ETN Report


Grain futures are witnessing shaky action in the days leading up to the Friday release of U.S. Department of Agriculture's crop report. This is weighing heavily on JJG, which is designed to track a combination of corn, wheat, and soybean contracts.

Not surprisingly, the

Teucrium Corn ETF

(CORN) - Get Teucrium Corn Fund Report

is also lagging during midweek trading.

United States Natural Gas Fund

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


Natural gas prices are tumbling for a third day, leading UNG to carve out yet another all-time low. GAZ is taking a hit as well. However, the premium-laden ETN's losses come as it is in the process of testing previous 2012 highs.

GAZ's premium has grown to a staggering size, at over 100%. Buyer beware.

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 owned iShares Dow Jones U.S. Real Estate Index Fund.