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.

Winners

Oil Services HOLDRs ( OIH) 1.3%

Concerns surrounding BP and the rest of the oil industry subsided a bit today after the firm announced that it putting together a $20 billion fund to pay claims to victims of the oil spill.

BP's CEO, Tony Hayward and Chairman Carl-Henric Svanberg were in Washington Wednesday meeting with President Barack Obama just one day after the president delivered a speech to the American people highlighting the government's plans going forward to battle the oil spill threatening the Gulf of Mexico and U.S. coastline.

Market Vectors Gold Miners ETF ( GDX) 1.2%

One area that has stayed in positive territory today has been gold miners. As investors seek out ways to protect themselves, many are turning to gold. That interest in the yellow metal is helping to provide a lift to firms involved in its production.

Losers

United States Natural Gas Fund ( UNG) -3.7%

Natural gas prices are falling today, leading UNG to score some of the biggest losses among all exchange-traded funds. Today's dip ends a four day-long rally which propelled the fund close to its 200-day moving average. The last time this fund traded above this level was in August 2008.

iPath S&P 500 VIX Short-Term Futures ETN ( VXX) -2.0%

Despite a less than optimistic report on home construction and building permit applications and a dip in the euro, the short-term VIX focused ETF is failing to gather any steam. Interestingly, while VXX tumbles, iPath S&P 500 VIX Mid-Term Futures ( VXZ) has managed to stay unchanged today.

iShares MSCI Austria Investable Market Index Fund ( EWO) -1.3%

European ETFs felt some relief over the first few days of this week as the euro managed to bounce. However, the troubled region is once again feeling pressure and the currency is heading lower once more. EWO, iShares MSCI Italy Index Fund ( EWI), and iShares MSCI Spain Index Fund ( EWP) are among the European nation-focused ETFs taking the biggest hits.

iShares MSCI Israel Investable Market Index Fund ( EIS) -0.5%

The Israel ETF is another nation-focused fund is taking a hit today. Typically, Teva Pharmaceuticals ( TEVA) is the company investors can blame for EIS' movement because it accounts for more than 20% of the fund's total index. Today, however, the drug giant is up nearly 2%. Instead, the fund's drop seems to be attributed to pressure from other top holdings such as Israel Chemicals.

All prices as of 2:17 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management owned Market Vectors Gold Miners.

Don Dion is president and founder of Dion Money Management, 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.

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