NEW YORK (TheStreet) -- Here are today's ETF Winners and Losers.


iPath S&P 500 VIX Short Term Futures ETN (VXX) - Get iPath Series B S&P 500 VIX Short-Term Futures ETN Report 5.1%

The effects following the release of yesterday's FOMC minutes have carried over into Wednesday's trading action, sending major stock market indices lower. As the market struggles to find its footing, the fear index has managed to power higher. VXX is currently witnessing its third consecutive day of gains. The iPath S&P 500 VIX Mid Term Futures ETN (VXZ) is staging a bounce off all-time lows.

iShares Barclays 20+ Year Treasury Bond Fund (TLT) - Get iShares 20+ Year Treasury Bond ETF Report 1.2%

With the Federal Reserve stifling hopes for a new round of quantitative easing, investors have fled for cover. This risk-off mentality has helped TLT recoup some gains since falling to its 200-day moving average.

In addition to long-term U.S. treasuries, the greenback is heading higher. The PowerShares DB U.S. Dollar Index Bullish Fund (UUP) is up around one half of a percent.


Market Vectors Junior Gold Miners ETF (GDXJ) - Get VanEck Vectors Junior Gold Miners ETF Report -5.4%

Gold ended up taking a big hit yesterday after the FOMC's announcement. As the end of the shortened trading week approaches, however, the selling pressure isn't letting up. The iShares Gold Trust (IAU) is off over 1.5% heading into the close. This weakness combined with the downward equity action is boding poorly for funds like GDXJ. The fund is tumbling to new 2012 lows.

Gold miners aren't the only ones heading lower though. The Global X Silver Miners ETF (SIL) is also taking a hit.

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iShares MSCI South Africa Index Fund (EZA) - Get iShares MSCI South Africa ETF Report -3.7%

While dedicated precious metal funds like GDXJ, SIL, and IAU are heading lower as gold and silver hits, losses can also be seen from miner-heavy emerging market funds. EZA, which boasts heavy exposure to companies like AngloGold Ashanti (AU), Impala Platinum, and Gold Fields (GFI), is revisiting levels last seen at the end of January.

Market Vectors Rare Earth/Strategic Metals ETF (REMX) - Get VanEck Vectors Rare Earth/Strategic Metals ETF Report -3.5%

Gold and silver miners aren't the only commodity producers heading lower with the end of the trading day approaching. REMX and the SPDR S&P Metals & Mining ETF (XME) are also taking shots across the bow.

Earlier this week I warned investors that commodity-related funds may run into trouble as China struggles to find footing. Be cautious here.

iShares MSCI Germany Index Fund (EWG) - Get iShares MSCI Germany ETF Report -3.0%

The FOMC minutes are not the only factor weighing on sentiment at this time. Europe-related turmoil is also igniting fears and causing investors to take cover. Losses can be seen across funds linked to troubled nations like Spain and Italy. EWG, the iShares MSCI Sweden Index Fund (EWD), and the iShares MSCI France Index Fund (EWQ) are also taking some heavy hits.

All prices as of 2:11 PM DST

At the time of publication, Dion Money Management owned IAU.