NEW YORK (TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.

Winners

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN

(GAZ) - Get Report

6.6%

Futures-tracking natural gas exchange traded products are diverging dramatically at the start of the week with GAZ topping the winner's list and the

United States Natural Gas Fund

(UNG) - Get Report

tumbling into over 4% losses. GAZ's crippling premium has ballooned to over 100%. Continue to steer clear.

The

Wall Street Journal

reported today that Chrysler is slated to unveil plans to produce a production-line pickup powered by natural gas. Embracement on the part of consumers would play a major role in sopping up the excessive supply that has plagued the natural gas industry for years. However, GAZ and UNG are still not safe bets. Those looking to target this corner of the energy sector should stick to equity-backed instruments like the

First Trust ISE Revere Natural Gas Index Fund

(FCG) - Get Report

.

Market Vectors Vietnam ETF

(VNM) - Get Report

3.9%

The losses VNM suffered at the end of February are looking more like a short-term hiccup as the high-flying fund powers gains ground for its third day straight. With this early-week pop, the fund has managed to reach brand new 2012 highs and break through to levels last seen last June.

Losers

Market Vectors Solar Energy ETF

(KWT)

-4.1%

As the U.S. market indices head lower, some of the most volatile market-correlated industries are taking the biggest hits. Solar energy, for instance, is taking a sharp shot across the bow, pushing KWT and the

Guggenheim Solar ETF

(TAN) - Get Report

to steep losses.

The stretch of weakness these two products have endured has caused them to give back the bulk of their gains seen during the opening weeks of 2012.

Global X Copper Miners ETF

(COPX) - Get Report

-3.5%

The materials sector is floundering in the market's choppiness, leading miners to notable losses. The pain can be felt across both base metal and precious metal producers, with COPX and the

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

taking lumps.

The physically based

iShares Silver Trust

(SLV) - Get Report

is off nearly 3% in early afternoon trading.

Market Vectors Steel ETF

(SLX) - Get Report

-3.2%

China announced that it was paring back its growth prospects, injecting a hearty dose of global growth-related uncertainty into the markets. In response, industries that perform best during periods of optimism are suffering standout losses. SLX and the

Market Vectors Coal ETF

(KOL) - Get Report

are among the heaviest hit.

All prices as of 2:11 PM EST.

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management did not own any equities mentioned.