NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.

Winners

iShares MSCI Thailand Investable Market Index Fund

(THD) - Get Report

3.2%

A number of Southeast Asian nation-focused ETFs are churning out strong gains heading into the end of this week. THD and the

Market Vectors Vietnam ETF

(VNM) - Get Report

are two of the biggest winners.

VNM got pounded throughout most of this week as the Vietnamese government continued to take steps to ease the nation's trade deficit while, at the same time, avoiding crippling inflation.

SPDR S&P Metals & Mining ETF

(XME) - Get Report

3.2%

After a week of choppy trading, the bulls managed to score some gains during early Friday trading. Metal prices typically outperform in times of market confidence. Therefore, today's gains are sitting well with the companies underlying XME.

iShares MSCI Brazil Index Fund

(EWZ) - Get Report

3.1%

While Southeast Asia may be leading the way today, Latin America is another region which is showing promise heading into the weekend. EWZ, which is designed to track the largest members of the Brazilian equity markets such as the iron ore goliath, Vale and the energy firm,

Petroleo Brasileiro

(PBR) - Get Report

is pocketing strong gains.

Losers

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Report

-4.6%

Although the revision was lower, the second quarter GDP number released early Friday was higher than what was expected and provided investors with some welcomed relief. Volatility remains present in today's markets and should be prepared for accordingly.

Rather than trying to chase market uncertainty with VXX and other VIX-focused ETFs, investors should ready their portfolios with a collection of funds aimed at tracking gold, bonds, and dividend- paying equities.

United States Natural Gas Fund

(UNG) - Get Report

-2.8%

Throughout this week natural gas prices and the UNG have gotten pounded as investors remain skeptical about the strength of the global economic recovery. The pressure has been enough to push UNG to brand new all-time lows.

I advise investors to avoid using UNG as a way to play natural gas. This fund's decent has been dramatic and still doesn't show signs of letting up.

iShares Barclays 20+ Year Treasury Bond Fund

(TLT) - Get Report

-2.2%

Long-term bonds continue to be a closely watched area of the market as investors seek protection against the threat of market turmoil. On Friday, TLT took a break from its upward ascension which has brought the fund back towards levels last seen at the start of 2009.

As TLT cools off,

ProShares UltraShort 20+ Year Treasury Bond ETF

(TBT) - Get Report

is heating up heading into the weekend, jumping 4.5%.

All prices as of 2:17 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long the iShares MSCI Thailand Investable Market Index Fund.

Don Dion is president and founder of

Dion Money Management

, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.