This Week's ETF Winners & Losers - TheStreet

This Week's ETF Winners & Losers

Funds tracking the financial sector were among the biggest winners.
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Exchange-traded funds tracking the financial sector were among the biggest winners this week, propelled by the

Federal Reserve's

decision to cut its overnight lending rate by another quarter-point to 2%.

The

Ultra Financials ProShares

(UYG) - Get Report

had a particularly good week, surging 5.2% since Monday.

At the same time, the

Financial Select Sector SPDR

(XLF) - Get Report

, the

Vanguard Financials ETF

(VFH) - Get Report

, the

iShares Dow Jones U.S. Financial Sector

(IYF) - Get Report

fund and the

iShares S&P Global Financials

(IXG) - Get Report

ETF each added 2.3% or more.

The central bank provided further cushion to financials Friday when it ratcheted up its term auction facility by 50% to $150 billion, meaning banks will have that much more money available for borrowing.

Since Monday, two of the Dow's financial components --

Bank of America

(BAC) - Get Report

and

JPMorgan Chase

(JPM) - Get Report

-- added 3.9% and 1.8%, respectively, though

Citigroup

(C) - Get Report

ticked 0.8% lower, weighed down by this week's news that it would offer $4.5 billion in stock.

Suffering the flip-side of the Fed's decision were commodities-related ETFs. Among the worst-performing energy ETFs were

Oil Services HOLDRs

(OIH) - Get Report

,

PowerShares Dynamic Oil & Gas Services

(PXJ) - Get Report

,

United States Oil

(USO) - Get Report

and

iShares Dow Jones U.S. Energy

(IYE) - Get Report

. All have sunk at least 2.1% apiece over the past five sessions.

Those declines came despite climbs at

Chevron

(CVX) - Get Report

and

BP

(BP) - Get Report

, which both reported higher profits this week on the back of the oil boom, and for the week were up 2.8% and 4.4%, respectively.

Exxon Mobil

(XOM) - Get Report

was a notable exception, sliding 3.1% since Monday after failing to hit analyst estimates for the first quarter, despite a surging bottom line.

As for gold, the

Market Vectors Gold Miners ETF

(GDX) - Get Report

slid 4.7% for the week, while the

iShares COMEX Gold Trust

(IAU) - Get Report

and the

streetTRACKS Gold Shares

(GLD) - Get Report

fund each dropped 3.1%.