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.
iPath S&P 500 VIX Short Term Futures ETN
A weaker-than-expected home sales report is raising investor anxiety, causing them to flee the market and providing the short-term VIX futures-based ETF and the
iPath S&P 500 VIX Mid-Term Futures ETN
with welcomed lifts.
In today's shaky market, many investors are turning to traditional defensive plays such as the
iShares Barclays 20+ Year Treasury Bond Fund
ETFS Physical Silver Shares
Precious metals are in vogue today as investors attempt to protect against today's round of poor economic data. Silver, in particular is leading the pack, pulling SIVR and the
iShares Silver Trust
to big gains.
Gold is also treading along in positive territory, with
iShares COMEX Gold Trust
CurrencyShares Japanese Yen Trust
One of today's big stories is the strength of the Japanese yen. As investors remain on the defense, this currency has attracted a massive following, powering it to 15-year highs against the dollar.
Despite the currency's strength, the Japanese equity-based
iShares MSCI Japan Index Fund
was largely unchanged in early afternoon trading.
iShares Dow Jones U.S. Medical Devices Index Fund
IHI's top holding
saw a big hit today after releasing its fiscal first-quarter earnings number at the market open
While the company saw a jump in profits, its revenue numbers fell short of analyst expectations. Adding to the company's less than optimistic news, MDT lowered its forecast for the year.
MDT accounts for over 13% of IHI's index.
Market Vectors Steel ETF
In light of today's market headwinds, the steel ETF is taking a hit and returning back to levels last seen in the middle of July.
Today, iron ore giant
is tumbling big as it considers a bid for
Potash of Saskatchewan
Going forward, SLX may be a tricky fund to navigate as questions remain regarding the strength of the current economic recovery. Unless a clearer growth picture develops, this fund may have a rough road ahead of it.
Market Vectors Vietnam ETF
The Vietnam ETF continues to face headwinds days after the nation's government devalued the dong in an attempt to chip away at its looming trade deficit. On Tuesday, the fund tumbled hard, carving out new all-time lows.
The frontier nature of the Vietnamese markets makes VNM a risky product to play compared to other international-focused ETFs which track developed and emerging markets.
All prices as of 2:16 PM EST
-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management was long iShares COMEX Gold Trust and iShares MSCI Japan 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.