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.

Winners

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN

(GAZ) - Get Report

2.5%

Natural gas futures contracts are relatively unchanged, as indicated by the performance seen from the

United States Natural Gas Fund

(UNG) - Get Report

. Despite this tepid action, the premium-influenced GAZ ETN is heading higher. This week has been a rollercoaster for the trouble instrument. Investors who have tried their luck have and will continue to endure whipsaw action.

Market Vectors India Small Cap ETF

(SCIF) - Get Report

2.3%

The fast-moving small cap India ETF is heading higher during mid-day trading, ending a five-day streak of losses. The fund's action will be interesting to watch in the coming days. It has struggled against its 200-day moving on a number of occasions since dipping below in late-February.

Other India-related funds including the

WisdomTree India Earnings Fund

(EPI) - Get Report

and the

iShares S&P India Nifty 50 Index Fund

(INDY) - Get Report

are also seeing gains.

Global X Silver Miners ETF

(SIL) - Get Report

1%

The silver miner ETF is seeing strength following Tuesday's downturn. Meanwhile, the bullion-backed

iShares Silver Trust

(SLV) - Get Report

is seeing only limited action to the upside.

Other industry-linked members of the precious metal spectrum are floundering. Both the

ETFS Physical Palladium Shares

(PALL) - Get Report

and the

ETFS Physical Platinum Shares

(PPLT) - Get Report

funds are in negative territory.

iShares MSCI Mexico Investable Market Index Fund

(EWW) - Get Report

0.9%

An earthquake created some turmoil for the Mexico's marketplace on Tuesday. However, as we head into the middle of the week, the EWW has been quick to recover any lost ground.

Latin America has flown under the radar as investors have remained focused on macroeconomic developments taking place elsewhere in developing world like China.

Losers

Market Vectors Solar Energy ETF

(KWT)

-4.6%

The solar energy industry has seen a good deal of back-and-forth action as global growth concerns have rekindled.

Trina Solar

(TSL)

,

Suntech Power Holdings

(STP)

and

Yingli Green Energy

(YGE)

are among the biggest decliners. All three are off over 5%. YGE is suffering a 10% loss.

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Report

-4.6%

Stock market indices are following up Tuesday's weak action with another round of choppiness. Despite the red seen across the board, investor confidence appears intact. Both VXX and the VIX benchmark index are heading into negative territory.

VXX has had two strings of five-day losses in March.

ProShares UltraShort 20+ Year Treasury Bond ETF

(TBT) - Get Report

-2.4%

The

iShares Barclays 20+ Year Treasury Bond Fund

(TLT) - Get Report

has shown signs of stabilizing following last week's extended string of losses. As investors cautiously wade back into this corner of the fixed income market, the leveraged, inverse tracking TBT is taking a shot across the bow.

All prices as of 2:12 PM DST.

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management did not own any equities mentioned.