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

Winners

iPath Dow Jones UBS Sugar Subindex Total Return ETN

(SGG) - Get Report

7.5%

A wide collection of agricultural futures-backed exchange traded products are riding higher as we head towards the weekend. While SGG is seated at the top of the winners list, the

iPath Dow Jones UBS Cotton Subindex Total Return ETN

(BAL) - Get Report

and the

(DBA) - Get Report

can be found trading in positive territory as well.

iShares MSCI Russia Capped Index Fund

(ERUS) - Get Report

4.2%

Emerging Europe is benefiting, as indicated by the strength seen from Russia-related ETFs and the

iShares MSCI Poland Investable Market Index Fund

(EPOL) - Get Report

.

The EU and other developed European nations are gaining ground as well.

iShares MSCI Sweden Index Fund

(EWD) - Get Report

and

iShares MSCI Spain Index Fund

(EWP) - Get Report

are seeing gains.

SPDR KBW Regional Banking ETF

(KRE) - Get Report

1.2%

Small regional banks are scoring gains, helping KRE recover some of the ground lost during Wednesday's sell off.

Despite today's gains, I remain hesitant towards the financial sector. Macroeconomic issues facing Europe and other regions of the globe will likely make this industry a volatile one in the days ahead.

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Report

2.3%

A decline in initial jobless claims, coupled with an upward GDP revision, helped renew investor confidence during the opening half of the day. Any gains have been pared back, however.

As markets struggle to hold onto strength, ETNs linked to the fear-tracking VIX have managed to climb higher.

Losers

First Trust Dow Jones Internet Index Fund

(FDN) - Get Report

-3.2%

FDN is running to into trouble as index notables including

eBay

(EBAY) - Get Report

,

priceline.com

(PCLN)

and

Netflix

(NFLX) - Get Report

head lower. Although it started the day off relatively unchanged, index headliner

Google

(GOOG) - Get Report

has fallen over 1% as well.

The debut of

Amazon

's

(AMZN) - Get Report

Kindle Fire tablet was exciting to watch and helped the firm score some gains on Wednesday. This upward action has been reversed, however. Shares of AMZN are currently stuck in the red.

PowerShares Dynamic Leisure & Entertainment Portfolio

(PEJ) - Get Report

-2.5%

Consumer stocks are taking a hit, pushing funds like PEJ and

SPDR S&P Retail ETF

(XRT) - Get Report

to notable losses. Casino giant,

Wynn Resorts

(WYNN) - Get Report

is one of PEJ's biggest laggards. During early afternoon trading, WYNN shares were dipping over 10%, pressured by China concerns.

Wynn represents 5% of PEJ's total portfolio.

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 the PowerShares DB Agriculture Fund and First Trust Dow Jones Internet Index Fund.