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.


PowerShares Dynamic Networking Portfolio

(PXQ) - Get Report


The networking industry ETFs are powering higher today with

Riverbed Technology


leading the way. RVBD is PXQ's second largest position, accounting for over 5% of its total portfolio.

This firm was jumping nearly 20% during late morning trading after announcing a strong third-quarter earnings report. During the quarter the company saw its net income more than double. Following up the report the firm announced a 2-for-1 stock split.

iShares Dow Jones U.S. Oil Equipment & Services Index Fund

(IEZ) - Get Report



(SLB) - Get Report

is leading the oil services industry higher today after a strong earnings report. The company's strength throughout the past quarter was largely due to its onshore activity as hurdles remain for the offshore drilling industry.

IEZ has seen a nice rally throughout the fall months. The fund is on the verge of testing previous 2010 highs.

PowerShares DB Base Metals Fund

(DBB) - Get Report


DBB is designed to track a basket of futures contracts linked to the prices of copper, aluminum and zinc. Zinc is leading this fund's index higher as a result of concerns regarding the shutdown of a major Chinese smelter. This move could threaten supplies, providing room for the metal to run higher.


iPath S&P 500 VIX Short-Term Futures ETN

(VXX) - Get Report


Trading has been choppy today with the broad U.S. indices performing in mixed fashion. The fear-based VIX ETNs are taking a nosedive.

VXX continues to tread lower into previously untested area and shows little sign of slowing down. Avoid this fund at all costs.

iPath Dow Jones UBS Natural Gas Total Return SubIndex ETN

(GAZ) - Get Report


Natural gas prices are taking a hit, causing pain for ETFs structured to track futures prices. The iPath natural gas ETN has been struggling with a heavy premium causing it to disconnect from its underlying index. This has lead to the fund's notable divergence from its fellow natural gas tracking exchange-traded product, the

United States Natural Gas Fund

(UNG) - Get Report


iShares MSCI Switzerland Index Fund

(EWL) - Get Report


The ETF designed to track the Swiss marketplace is heading lower today, led by weakness from top holdings


(NSRGY) - Get Report



(NVS) - Get Report

. EWL is a particularly top heavy fund with these two firms accounting for over a third of the fund's total assets.

CurrencyShares Swiss Franc Shares

(FXF) - Get Report

, which tracks the performance of the nation's currency, is getting hit hard today as well.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management does own any of the funds mentioned.

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.