This Week's ETF Winners & Losers

Exchange-traded funds tracking financial stocks were among the best performers.
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Exchange-traded funds tracking financial stocks were among the best performers this week as traders hoped -- again -- that banks are finally close to getting rid of the last of their soured assets.

The

Ultra Financials ProShares

(UYG) - Get Report

soared 12.3% for the week. The

Financial Select Sector SPDR

(XLF) - Get Report

,

iShares Dow Jones U.S. Financial Services

(IYG) - Get Report

and

Vanguard Financials

(VFH) - Get Report

ETF added 5.9% or more.

Earlier this week, both

UBS

(UBS) - Get Report

and

Deutsche Bank

(DB) - Get Report

announced they'll be taking billions more in writedowns in the first quarter, leading traders to surmise that financial firms are making a final push to get rid of those bad assets and move past the subprime calamity that has dragged down the market. Also cheering traders was news that UBS and

Lehman Brothers

(LEH)

have set plans to raise more capital.

Also doing well this week were commodities ETFs.

PowerShares DB Commodity Index Tracking Fund

(DBC) - Get Report

and

iShares S&P GSCI Commodity-Indexed Trust

(GSG) - Get Report

rose 1.1% and 2.1%, respectively.

With crude prices rising, the

Oil Services HOLDRs

(OIH) - Get Report

,

PowerShares Dynamic Oil & Gas Services

(PXJ) - Get Report

and

Ultra Oil & Gas ProShares

(DIG) - Get Report

advanced 1.4% or more.

Bundled securities tracking gold-related stocks, however, took a collective slide as gold futures lost ground for the week. Over the past five trading sessions,

PowerShares DB Gold

(DGL) - Get Report

lost 2%, the

iShares COMEX Gold Trust

(IAU) - Get Report

shed 1.8%, and the

streetTRACKS Gold Shares

(GLD) - Get Report

was off 1.8%.