NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to find out who's winning and who's losing when it comes to ETFs.
iPath S&P 500 VIX Short Term Futures ETN
The markets are closing out a choppy week on a down note sending the fear-tracking VIX ETNs higher.
VIX-tracking products like VXX are often among either the top winners or biggest losers on a daily basis. While attractive during periods of uncertainty, the inherent volatility of these products makes them unsuitable for long term minded investors.
Market Vectors India Small Cap Index ETF
Although the U.S. markets are struggling, a number of developing nations are seeing notable gains.
India is a big winner with the SCIF and
iShares S&P India Nifty 50 Index Fund
carving out ETF industry leading gains.
Other BRIC-related products such as
Guggenheim China Small Cap ETF
First Trust BICK Index Fund
are also heading higher.
iPath Dow Jones UBS Copper Subindex Total Return ETN
The futures-backed copper ETN has jockeyed back and forth throughout the past week as investors question the strength of the global economic recovery.
Looking to the near term, investors will want to keep a close eye on this fund's 50-day moving average. Since initially dipping below this level at the start of 2011, it appears to have become a point of resistance.
iShares MSCI Italy Index Fund
A downgrade threat from Moody's sent the Italian financial industry into a tailspin. This downward action is weighing heavily on EWI. Representing a 30% slice, financials account for the largest component of EWI's index.
Although Greece has been commanding headlines as of late, it is important to keep an eye on other vulnerable EU members. The
iShares MSCI Spain Index Fund
is taking a hit as well.
United States Brent Oil Fund
For a second day, ETFs linked to energy futures contracts are taking heavy hits. BNO's decline has been dramatic. Over the past two days, the fund has retreated to levels last seen in late February.
Compared to BNO, equity-backed funds like the
iShares Dow Jones U.S. Oil Equipment & Services Index Fund
SPDR Oil & Gas Equipment & Services ETF
are seeing less dramatic losses.
Market Vectors Junior Gold Miners ETF
The volatile junior gold miner ETF is struggling to find footing as it combats against both a down market and gold losses. In early afternoon trading, the physically-backed
iShares Gold Trusts
was off nearly 1.5%.
Despite its spurt of weakness, I still view gold as an attractive long-term bet. The yellow metal typically performs well during times of market uncertainty.
All prices as of 2:14 PM EST
Written by Don Dion in Williamstown, Mass.
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At the time of publication, Dion Money Management owned iShares Gold Trust.