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

iPath S&P 500 VIX Short-Term Futures ETN

(VXX) - Get Report

: 4.7%

Markets generally fared poorly today, so predictably the VIX index gained a boost as consumer fear accumulated. Similarly, bond funds such as

iShares Barclays 20+ Year Treasury Bond Fund

(TBT) - Get Report

are up today, as hesitant investors seek stable asset allocation. While lacking practicality as a long-term investment, the fear index has been sustaining itself on short bursts of market paranoia.

iShares COMEX Gold Trust

(IAU) - Get Report

: 0.3%

Gold is carving out small gains today as investors turn to the yellow metal as a source of protection against today's market turmoil. Gold continues to be a star pupil within the precious metal sector, and has been a stable anchor throughout much of the market's turmoil.

Palladium, which tends to move in close correlation to the broad market is taking a tumble today, driving shares of

ETFS Physical Palladium Shares

(PALL) - Get Report

lower.

Losers

iShares MSCI Italy Index

(EWI) - Get Report

: -3.4%

While European funds have been on a rollercoaster of ups and downs as of late, Italy was hit especially hard by today's dip. One of the fund's top holdings,

UniCredit SPA

(UCG)

has been on a downward trajectory over the past few months, heavily contributing to the fund's sorry performance as of late.

Claymore/MAC Global Solar Energy ETF

(TAN) - Get Report

: -4%

Although some analysts are confident of this alternative energy fund's long- term potential, it notably suffered as markets withdrew today. Despite the volatile nature of solar energy, TAN has been making significant progress, growing 11% over the past few months.

iShares Dow Jones US Home Construction Index Fund

(ITB) - Get Report

: -3.3%

After heading higher over the past few days, iShares' home builders ETF lost ground on Thursday, accentuating the sector's rather gloomy performance since early May. While consolidation looks to be on the horizon for the sector, it may be a quite a while before the fund picks itself up.

PowerShares Dynamic Media Portfolio

(PBS) - Get Report

: -2.7%

This media fund has endured its fair share of ups and downs over the past few months, worsened by fluctuation on the part of its top companies. While holdings such as

Comcast

(CMSCA)

,

Viacom

(VIA.B)

, and

Time Warner

(TWC)

have netted positive year-to-date growth, the fund, as a whole is dropping down towards a levels last seen in early July.

All prices as of 2:15 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management own iShares Comex Gold Trust.

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.