NEW YORK (TheStreet) - Here are this week's winners and losers.


iPath Dow Jones UBS Sugar Total Return Subindex ETN

(SGG) - Get Report


Although it ran into headwinds at the end of week amidst the broad market sell-off, sugar prices still managed to end on a high note, locking in SGG's spot among this week's biggest gainers.

Risk tolerant investors who have looked to SGG for agriculture exposure will want to keep a close watch on the fund's performance over the next few days. The fund is currently testing previous all-time highs for the third time since November. It will be interesting to see if the fund can overtake this level.

SPDR S&P Metals & Mining ETF

(XME) - Get Report


Mining stocks gained ground this week, riding higher as investors continue to exhibit confidence in the ongoing economic recovery picture.

XME's index is heavily focused on miners dedicated to producing coal, iron ore and other growth-linked materials. However, the fund also sets aside a percentage of its portfolio to precious metals producers such as

Newmont Mining

(NEM) - Get Report


Royal Gold

(RGLD) - Get Report

. This precious metal exposure will provide some protection in times of market turmoil.

Guggenheim Timber ETF

(CUT) - Get Report


The timber industry trudged higher this week, propelling CUT to levels seen prior to the 2008 market meltdown.


(RYN) - Get Report

was one of the fund's biggest contributors over the past few days, powering higher after reporting strong quarterly earnings.

Looking to the coming week, earnings will play a major role in directing CUT's performance. Top holdings


(WY) - Get Report





International Paper

(IP) - Get Report

, Nippon Paper Group and UPM-Kymmene are scheduled throughout the week.


Market Vectors Egypt ETF

(EGPT) - Get Report


The Egypt ETF generated a lot of interest this week as the nation's citizens took to the streets in protest. This political unrest caused the fund to tumble hard, carving out new all-time lows.

Although EGPT has traditionally suffered from lack of interest, on Friday, investors poured into the fund in an attempt to gain access to the volatile scenario and boosted the fund's volume past the 1 million mark.

Egypt may be in the spotlight for now, but I urge investors to hold off on exposing themselves to the nation's marketplace through EGPT. Aside from the inherent volatility that comes with owning frontier markets, there is the possibility that, when these protests fall from the international headlines, EGPT's volume could dry up. This could make it difficult for investors to unload their positions.

United States Natural Gas Fund

(UNG) - Get Report


Natural gas prices fell hard this week as the fuel remains weighed down by oversupply concerns. This weakness led UNG and

iPath Dow Jones UBS Natural Gas Total Return Subindex ETN

(GAZ) - Get Report

to break below their 50-day moving averages.

This fuel remains a popular corner of the energy market to watch but I urge investors to avoid UNG and GAZ in favor of an equity based fund such as

First Trust ISE Revere Natural Gas Index Fund

(FCG) - Get Report


Market Vectors India Small Cap Index Fund

(SCIF) - Get Report


The Indian market place got battered this week as inflation concerns weighed heavily on the minds of investors. These fears causing funds such as the

PowerShares India Portfolio

(PIN) - Get Report

and the

WisdomTree India Earnings Fund

(EPI) - Get Report

to tumble lower, revisiting levels last seen prior to their fall 2010 rallies.

The biggest decliner of the week, however, was the SCIF, which retreated to brand new all time lows.

Other corners of the small-cap emerging market ETF universe struggled as well. The

Market Vectors Brazil Small Cap Index ETF

(BRF) - Get Report

suffered a heavy loss.

Written by Don Dion in Williamstown, Mass.


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

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.