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.
iPath S&P 500 VIX Short Term Futures ETN
The fear index has staged a comeback even as markets have continued to exhibit relatively calm action. Over the past two weeks, the VIX has managed to bounce off its 2012 lows and return to its 50-day moving average. ETNs linked to the closely-watched benchmark have reveled in this strength. VXX is nearing its February high.
Market Vectors India Small Cap ETF
Since the start of the year, SCIF has seen only five days of negative action. In addition to regaining its November highs, the fund is now in the process of testing its 200-day moving average. This is a first for the relatively young product. It will be interesting to see how it fares.
Other India-focused products like the
WisdomTree India Earnings Fund
iShares S&P Nifty 50 Index Fund
have already pushed through this level.
iShares MSCI Japan Index Fund
The surprise easing action from Japan's central bank is helping to push the nation's markets higher. In response, ETFs including EWJ and the
MAXIS Nikkei 225 Index Fund ETF
are heading into positive territory. Like other corners of the globe, Japan has benefited during the opening months of 2012. Currently, EWJ is trading at its highest level since early August.
United States Natural Gas Fund
UNG is taking a shot across the bow as supply issues weigh on natural gas futures. The premium-laden
iPath Dow Jones UBS Natural Gas Subindex Total Return ETN
has seen a roller- coaster performance over the course of the trading session. After starting off the day with over 10% gains, it tumbled lower and is currently seeing an over 3% loss.
Market Vectors Steel ETF
Top steel and iron ore producers including
and Vale are taking hits as markets trade in a choppy manner. The performance of these two names weighs heavily on SLX. Together, they account for a combined 17.8% of the fund's assets. This mid-week downturn has pushed SLX back through its 200-day moving average.
iShares MSCI Poland Investable Market Index Fund
Despite the fact that the decline was less than analysts had been expecting, news that the broad EU region shrank in the fourth quarter of 2011 is weighing on a range of funds linked to the continent. In addition to EPOL, the
iShares MSCI Spain Index Fund
is also suffering approximately 1% losses.
All prices as of 2:14 PM EST
Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management did not own any of the equities mentioned.