Dion's Monday ETF Winners and Losers

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

iShares MSCI Chile Investable Market Index Fund ( ECH) 1.9%

A number of international-focused ETFs are heading higher on Monday. Among the biggest movers is ECH, which has traded sideways for most of 2010 before hitting its lows at the end of May. Since then, the fund has been on a tear, once again testing this year's highs.

Market Vectors Russia ETF ( RSX) and iShares MSCI Turkey Investable Market Index Fund ( TUR) are two other gainers today.

iShares Dow Jones U.S. Oil Equipment & Services Index Fund ( IEZ) 1.54%

Oil producers are jumping today along with other areas of the market. BP's ( BP) Deepwater Horizon cap has shown promise, holding well throughout the weekend. This week, the cap will continue to be monitored for seeps.

Despite the relatively good news on Monday, possible seepage sent shares of BP down nearly 5%.

Market Vectors Vietnam ETF ( VNM) 1.53%

Aside from ECH, RSX and TUR, the Vietnam ETF and the iShares MSCI Thailand Investable Market Index Fund ( THD) are also scoring gains among international funds on Monday. Although VNM saw a heavy dip at the end of the first half of 2010, over the past month the fund has largely traded sideways.

Losers

Market Vectors Gold Miners ETF ( GDX) -3.1%

Precious metals are getting knocked today, with gold and silver miners taking some of the biggest hits. GDX, Market Vectors Junior Gold Miners ETF ( GDXJ) and Global X Silver Miner ETF ( SIL) are the biggest laggards.

Physically-based ETFs are not immune to the downturn, as ETFS Physical Palladium Shares ( PALL) and ETFS Physical Silver Shares ( SIVR) are seeing dips.

iPath S&P 500 VIX Short Term Futures ETN ( VXX) -2.3%

After Friday's selloff, the markets are finding some stability, causing the fear-based volatility index ETNs to take a hit. Although VXX has had an impressive run in May, the fund has traded sideways throughout June and July.

SPDR KBW Regional Bank ETF ( KRE) -1.5%

The financial industry is still reeling after last week's less than stellar earnings reports from Bank of America ( BAC) and Citigroup ( C). With the passage of Washington's sweeping financial reform bill, investors should be prepared for an uptick in volatility from funds such as KRE and SPDR KBW Bank ETF ( KBE).

All prices as of 2:14 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long 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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