Dion's Thursday ETF Winners and Losers
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
Market Vectors Junior Gold Miners ETF
(GDXJ) - Get Report
6.2%
Gold prices are powering higher today, helping the smaller, junior gold miners lead the broad materials industry. Fellow miner-focused products including the
SPDR S&P Metals & Mining ETF
(XME) - Get Report
and
Global X Silver Miners ETF
(SIL) - Get Report
are also benefiting.
Physically-based funds centered on industry linked precious metals such as
ETFS Physical Palladium Shares
(PALL) - Get Report
and
iShares Silver Trust
(SLV) - Get Report
are in positive territory, further aided higher by the positive market action.
iPath Dow Jones UBS Sugar Total Return Subindex ETN
(SGG) - Get Report
4.7%
The sugar rally has continued on for months as the crop faces a storm of increased demand coupled with strangled supply. In response, SGG has managed to recover its early 2010 losses and handedly surpass previous all time highs.
The sweetener's strength has also aided broader agriculture ETFs such as
PowerShares DB Agriculture Fund
(DBA) - Get Report
.
Market Vectors Russia ETF
(RSX) - Get Report
3.4%
Strength can be felt across a number of regions of the globe, though emerging markets are among the biggest risers. RSX, which is designed to track the broad Russian markets, is a notable beneficiary.
iShares MSCI Turkey Investable Market Index Fund
(TUR) - Get Report
is also seeing positive action, recovering some of the ground lost during last week's tumble.
Losers
iPath S&P 500 VIX Short Term Futures ETN
(VXX) - Get Report
-6.0%
The markets are rallying after a string of politically and economically volatile days. As investors gain confidence and return to the equity markets, products aimed at tracking market volatility are getting knocked.
Today marks the third consecutive day of heavy losses for VXX.
ProShares UltraShort 20+ Year Treasury Bond Fund
(TBT) - Get Report
-0.9%
News of the Fed's plans for QE2 sent long-term U.S. treasuries tumbling yesterday, indicated by the sharp downturn seen from the
iShares Barclays 20+ Year Treasury Bond Fund
(TLT) - Get Report
.
The downturn was brief, however, as TLT sees positive performance even in light of today's market strength. This, in turn is causing TBT to get knocked.
iPath Dow Jones UBS Natural Gas Total Return Subindex ETN
(GAZ) - Get Report
-0.8
Although the market is showing solid strength today, the iPath futures-based natural gas fund is taking a hit. The losses can be attributed to the fund's premium as well as this week's storage report from the Energy Information Administration. Although the agency found supplies in line with expectation, investors pressured futures lower.
Meanwhile, the
First Trust ISE Revere Natural Gas Index Fund
(FCG) - Get Report
, which tracks a basket of companies responsible for producing natural gas, is powering higher.
All prices as of 2:15 PM EST
Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management was long PowerShares DB Agriculture Fund and iShares MSCI Turkey Investable Market Index Fund .
Don Dion is president and founder of
, 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.
