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.


Global X Uranium ETF

(URA) - Get Global X Uranium ETF Report


After Monday's decline pushed the uranium producer ETF to its 50-day moving average, the fund is staging a nice bounce higher. Shares of URA still have ground to cover before regaining levels seen at the start of March. It will be interesting to see if more strength will be in store up ahead.

Uranium is not the only slice of the alternative energy sector heading higher. Solar is also enjoying strength. With these gains, the

Market Vectors Solar Energy ETF


has managed to work much of Monday's losses.

Market Vectors India Small Cap Index ETF

(SCIF) - Get VanEck Vectors India Small-Cap Index ETF Report


A strong retail sales report has helped to ignite confidence in investors, luring them back into the marketplace. As a risk-on mentality takes hold, the inherently volatile emerging markets have become popular destinations. SCIF and the

iShares MSCI South Korea Index Fund

(EWY) - Get iShares MSCI South Korea ETF Report

are among the biggest beneficiaries.

Market Vectors Steel ETF

(SLX) - Get VanEck Vectors Steel ETF Report

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As investors clamor for riskier assets, market-correlated industries and sectors are falling into favor. Materials-focused funds like SLX and the

SPDR S&P Metals & Mining ETF

(XME) - Get SPDR S&P Metals & Mining ETF Report

are both enjoying industry-leading gains. Be cautious here: These funds heavily rely on investor moods. Just as they top winners lists during periods of euphoria, they quickly tumble to leading losses when doubts crop up.


iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get iPath Series B S&P 500 VIX Short-Term Futures ETN Report


As we approach the end of the day, major market indices have managed to stay buoyed while the fear-tracking VIX benchmark has taken a hit.

VXX will be interesting to watch in the coming days. The fund's most recent five-day string of losses has pushed it closer to all-time lows.

iShares Barclays 20+ Year Treasury Bond Fund

(TLT) - Get iShares 20+ Year Treasury Bond ETF Report


As investors adopt a risk-on mentality, safe haven asset classes are being cast to the sidelines. Disinterest in long-term U.S. treasuries has caused TLT to retreat to short-term support. It will be interesting to see if the fund can maintain its footing at this level.

All prices as of 2:11 PM DST

Written by Don Dion in Williamstown, Mass.


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At the time of publication, Dion Money Management did not mention any equities in the story.