Dion's ETF Winners and Losers: VXX, ITB, DXJ
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.
Winners
iPath S&P 500 VIX Short-Term Futures ETN
(VXX) - Get iPath Series B S&P 500 VIX Short-Term Futures ETN Report
7.0%
After scoring one of the top spots on Monday's losers list, the fear-tracking VXX ETN has managed to stage a comeback, recovering some of its lost ground. This bounce comes after the volatile instrument locked in all-time lows.
With its premium nearly wiped out, the
VelocityShares Daily 2X VIX Short Term ETN
(TVIX) - Get VelocityShares Daily 2x VIX Short-Term ETN Report
is also staging a comeback, capping a four-day string of losses.
iShares Dow Jones U.S. Home Construction Index Fund
(ITB) - Get iShares U.S. Home Construction ETF Report
2.7%
This morning's Case-Shiller data indicated that housing prices continued to drop in January, tumbling to their lowest level since the start of 2003. Despite this disappointing news, homebuilders are reacting favorably, with ITB and the
SPDR S&P Homebuilder ETF
(XHB) - Get SPDR S&P Homebuilders ETF Report
locking in gains.
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The past week's economic data have helped to remind investors that the U.S. real estate industry is still riddled in uncertainty. Tread carefully here.
WisdomTree Japan Hedged Equity ETF
(DXJ) - Get WisdomTree Japan Hedged Equity Fund Report
1.2%
Japan-related ETFs are pushing higher as the Nikkei 225 surges toward levels seen prior to last year's earthquake and tsunami. While the
iShares MSCI Japan Index Fund
(EWJ) - Get iShares MSCI Japan ETF Report
is scoring gains, it is being trumped by DXJ. This WisdomTree-sponsored fund has managed to carve out a leadership position during the opening quarter of 2012. Its standout strength stems from its currency hedge strategy.
Losers
Market Vectors Vietnam ETF
(VNM) - Get VanEck Vietnam ETF Report
-2.8%
After two days of gains, the Vietnam ETF is retreating to March lows. Although the inherently volatile product kicked off the month on a strong note, during the final month of the quarter, it appears to have run out of steam. A resurgence of confidence may be enough to spur it further, but investors should use extreme caution here.
iPath Dow Jones UBS Natural Gas Subindex Total Return ETN
(GAZ) - Get iPath Series B Bloomberg Natural Gas Subindex Total Return ETN Report
-2.7%
GAZ's losing streak has extended into its fourth day as the ETN's heavy premium continues to deflate. For weeks I've warned that this type of action would occur when the product reverts to its underlying index. Continue to watch from the sidelines. At 54%, the premium still has room to fall.
Market Vectors Junior Gold Miners ETF
(GDXJ) - Get VanEck Junior Gold Miners ETF Report
-2.3%
Comments from
Fed
Chairman Ben Bernanke helped to inject some confidence into gold miners and other gold-related ETFs. The strength, however, appears to be abating, leading GDXJ and the
iShares Gold Trust
(IAU) - Get iShares Gold Trust Report
to losses.
A number of other precious metals-related funds are heading south. One notable exception is the platinum-tracking
ETFS Physical Platinum ETF
(PPLT) - Get Aberdeen Standard Physical Platinum Shares ETF Report
, which is sitting in positive territory.
All prices as of 2:13 PM DST
Written by Don Dion in Williamstown, Mass.
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At the time of publication, Dion Money Management was long IAU.
