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 Dow Jones US Home Construction Index Fund ( ITB) 3.67%

Homebuilders are strengthening today after industry leader Lennar ( LEN) reported stronger-than-expected earnings.

Despite today's optimism, factors such as oversupply continue to threaten the residential housing market. Any exposure to ITB and other home builder ETFs should be set aside as a short-term play.

iShares MSCI Israel Capped Investable Market Index Fund ( EIS) 2.9%

Oftentimes, the Israel ETF's moves will be solely depend on the performance of Teva Pharmaceuticals ( TEVA). As the fund's largest position, the fund represents over 20% of EIS' total portfolio.

Today, however, the firm is underperforming EIS. Instead, the firm's rise can be attributed to strength from the nation's banking industry. Bank Leumi and Bank Hapoalim both offered optimistic words for the nation's outlook. Together, the financial sector represents the largest slice of EIS, making up over 27% of the portfolio.

PowerShares India Portfolio ( PIN) 2.7%

India's markets continue to find strength as investors seek out exposure to attractive emerging markets.

September has been a particularly strong month for PIN and other Indian-focused ETFs. PIN has been on a near uninterrupted path higher and is currently, on the verge of testing all-time highs.

Losers

United States Natural Gas Fund ( UNG) -3.44%

Natural gas prices are struggling at the start of the week, causing UNG to take a heavy hit.

Weather-related issues are weighing on this fuel's prices. A lack of storms has caused fears regarding hurricane season to diminish.

iPath S&P 500 VIX Short Term Futures ETN ( VXX) - 3.4%

Major U.S. markets are heading higher today, extending the gains felt last week. This is weighing heavily on the VIX-related ETNs, causing VXX to test new all-time lows.

This fund's downfall through the close of summer has been dramatic but investors should not be tempted by this tumble. VXX and other VIX-backed products remain dangerous investors.

iPath Dow Jones UBS Sugar Total Return Subindex ETN ( SGG) -0.9%

After weeks of moving higher, sugar prices appear to be taking a breather, causing the SGG to take a hit.

Sugar's gains have been impressive. However, I would advise investors to avoid jumping in at this point. Instead, look for more diversified ag-plays. A fund like PowerShares DB Agriculture Portfolio ( DBA) is far less susceptible to heavy hits.

All prices as of 2:15 PM EST.

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long PowerShares DB Agriculture Portfolio.

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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