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

iPath Dow Jones UBS Cotton Total Return Subindex ETN

(BAL) - Get Report

7.4%

With today's notable strength, the cotton ETF has successfully managed to overtake its previous all-time highs. Looking ahead to the near future, it will be interesting to see if the fund can hold onto these breathtaking levels. Investors looking for a safe way to track sugar's ascension should look into the

PowerShares DB Agriculture ETF

(DBA) - Get Report

.

iShares Dow Jones U.S. Home Construction Index Fund

(ITB) - Get Report

3.1%

Residential homebuilders are gaining ground today, allowing ITB and

SPDR S&P Homebuilder ETF

(XHB) - Get Report

to continue along the steep upward trajectories they have stuck to since the start of the month.

The REITs, which I consider more stable real estate options, are gaining ground as well. The

iShares Cohen & Steers Realty Majors Index Fund

(ICF) - Get Report

is up 1.5%.

United States Natural Gas Fund

(UNG) - Get Report

2.6%

Natural gas prices faced a rough road last week as mild weather forecasts weighed on the industry's demand picture. On Monday, however, the UNG has managed to regain some ground, leading it to test its 50-day moving average.

Losers

Market Vectors Vietnam ETF

(VNM) - Get Report

-2.7%

Southeast Asian frontier markets are starting the new week off on a choppy note. Leading the way lower are VNM and

the iShares MSCI Thailand Investable Market Index Fund

(THD) - Get Report

.

Investors with exposure to the Thailand ETF should keep an eye on the $62 level. Since October, this area has proven to be an adequate region of support.

iShares MSCI Turkey Investable Market Index Fund

(TUR) - Get Report

-1.8%

Since the start of November, the Turkey ETF has struggled to find stability, tumbling in light of renewed euro sovereign debt fears. Monday's decline has brought the fund back to its 200-day moving average. The last time this level was tested was the start of July.

Until the clouds clear over Europe, TUR and other vulnerable Europe-focused ETFs could be in for a shaky ride.

iPath S&P 500 VIX Short-Term Futures ETN

(VXX) - Get Report

-2.5%

Despite the market's mixed performance heading into the start of the week, investors continue to pressure the short-term VIX futures ETN lower.

VXX has stuck to a consistent downward path throughout the second half of 2010. With today's losses, the fund is once again visiting new all-time lows. Investors should continue to avoid this fund.

All prices as of 2:14 PM EST

At the time of publication, Dion Money Management was long ICF and DBA.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.