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This Week's ETF Winners & Losers

Financial funds were crushed.

Financial-related exchange-traded funds were among the worst performers of a horrid week on Wall Street following more fears about the credit crisis, new writedowns and another CEO ouster.

Embattled

Citigroup

(C) - Get Citigroup Inc. Report

chief Chuck Prince resigned over the weekend, but the news was overshadowed by the banking giant's forecast for writedowns of between $8 billion and $11 billion from the shrinking value of its subprime-related investments. Shares of Citigroup dropped 12.3% on the week.

Similarly,

Wachovia

(WB) - Get Weibo Corporation Report

said Friday that it expects to record a $1.1 billion writedown in debt obligations for October alone because of the recent subprime mortgages and credit mess. Wachovia tumbled 5.1% over the five sessions.

Several other lenders fell hard during the week.

Washington Mutual

(WM) - Get Waste Management Inc. Report

sank 13.9%,

Barclays

(BCS) - Get Barclays PLC Report

dropped 11.1%,

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TheStreet Recommends

Morgan Stanley

(MS) - Get Morgan Stanley Report

lost 8%,

Merrill Lynch

(MER)

ended down 7%, and

Bear Stearns

(BSC)

shed 5.1%.

The

Ultra Financial ProShares

(UYG) - Get ProShares Ultra Financials Report

ETF tumbled 7.8% to $45.35. The

iShares Dow Jones U.S. Broker-Dealers

(IAI) - Get iShares U.S. Broker-Dealers ETF Report

ETF was lower by 5.3% to $49.27. The

KBW Bank

(KBE) - Get SPDR S&P Bank ETF Report

ETF fell 3.3% to $46.32.

Elsewhere, a 12.1% drop in shares of

Cisco

(CSCO) - Get Cisco Systems Inc. Report

during the week sank Internet and technology ETFs. Cisco said it had a fiscal first-quarter profit that topped estimates by a penny. However, the tech behemoth soured sentiment after saying it is feeling the effects of the credit crunch.

Several other tech leaders, who had enjoyed a run-up in recent months, stumbled during the week.

Research in Motion

(RIMM)

,

Google

(GOOG) - Get Alphabet Inc. Report

,

Oracle

(ORCL) - Get Oracle Corporation Report

and

Apple

(AAPL) - Get Apple Inc. Report

lost 6.6% or more.

The

Ultra Technology ProShares

(ROM) - Get ProShares Ultra Technology Report

ETF plunged 16.4% to $80.14. The

Internet Architecture HOLDRs

(IAH)

shed 10.9% to $49.66. The

iShares S&P GSTI Networking

(IGN) - Get iShares North American Tech-Multimedia Networking ETF Report

ETF lost 7% to $34.84. The

First Trust Dow Jones Internet Index

(FDN) - Get First Trust Dow Jones Internet Index Fund Report

slid 6.5% to $25.59.

Bundled securities tracking the retail sector were also losers for the week, following disappointing same-store sales results on Thursday. Most notably affected were apparel retailers, as

Nordstrom

(JWN) - Get Nordstrom Inc. Report

,

Limited

(LTD)

,

Gap

(GPS) - Get Gap Inc. (The) Report

and

Chico's FAS

(CHS) - Get Chico's FAS Inc. Report

all reported monthly losses and missed consensus targets.

The

SPDR S&P Retail

(XRT) - Get SPDR Retail ETF Report

ETF ended down 5% to $34.69. The

PowerShares Dynamic Retail

(PMR) - Get Invesco Dynamic Retail ETF Report

ETF eased 4.9% to $16.05. The

Retail HOLDRs

(RTH) - Get VanEck Vectors Retail ETF Report

fell 4.9% to $91.46.

On the other hand, Treasury-related ETFs were among few gainers as investors pulled out of equities money into bonds. On Friday, the 10-year note rose 16/32 in price, yielding 4.22%, compared to a yield of 4.30% a week ago.

The

SPDR Barclays Capital TIPS

(IPE)

ETF rose 1.4% to $50.88. The

iShares Lehman 10-20 Year Treasury Bond

(TLH) - Get iShares 10-20 Year Treasury Bond ETF Report

ETF gained 0.6% to $103.56. The

SPDR Lehman Long Term Treasury

(TLO)

ETF added 0.3% to $52.64.