Dion's Friday 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.


iPath Dow Jones UBS Natural Gas Total Return Subindex ETN ( GAZ) 4.9%

Natural gas prices are scoring gains as we head into the close of the month. Although it has fizzled considerably in recent days, a noticeable premium continues to cause GAZ to trade out of line with its underlying assets. This, in turn, has caused the fund to see magnified movements, indicated today by its outperformance versus fellow futures-based ETF, United States Natural Gas Fund ( UNG). UNG is up only 2.8%

Global X Silver Miners ETF ( SIL) (SIL) 2.4%

After seeing some shaky performance in recent days, the precious metals industry is heading higher, lead by products aimed at the silver industry. SIL and iShares Silver Trust ( SLV) are the biggest gainers representing this aspect of the precious metals industry.

Other physically based and miner-related precious metals funds such as ETFS Physical Palladium Shares ( PALL) and Market Vectors Gold Miners ETF ( GDX) are jumping as well.

iShares MSCI New Zealand Investable Market Index Fund ( ENZL) (ENZL) 1.9%

A diverse collection of ETFs designed to track the markets of various countries are seeing notably strong gains today, lead by ENZL. Market Vectors Vietnam ETF ( VNM) and Global X/InterBolsa FTSE Colombia 20 ETF ( GXG) are jumping as well.

In China, an interesting split is occurring on Friday. Large- cap companies such as those underlying the iShares FTSE/Xinhua China 25 Index Fund ( FXI) are slumping while small cap, consumer-focused funds such as Guggenheim China Small Cap ETF ( HAO) and Global X China Consumer ETF ( CHIQ) are gaining ground.


Guggenheim Solar Energy ETF ( TAN) -3.1%

The solar energy industry is traditionally known for being a volatile region of the market. This quality is showing through today with TAN sustaining some of the heaviest losses across the entire ETF universe.

TAN has had a good run recently and may still be a strong play heading into the close of the year. However, investors should maintain a close watch on this fund. Economic issues continue to threaten the subsidies companies hailing from this sector rely on to stay afloat.

iShares MSCI South Korea Index Fund ( EWY) -1.5%

A similarly diverse group of internationally focused ETFs are facing pressure as we head towards the end of the week. EWY and iShares MSCI Austria Investable Market Index Fund ( EWO) are two notable losers.

EWY's top holding, Samsung recently reported its third-quarter earnings report, which foresees weakness heading into the final quarter. EWY could be in for a rocky road ahead since Samsung is the fund's largest holding, representing over 15% of the fund's total index.

iShares Dow Jones U.S. Medical Devices Index Fund ( IHI) -1.3%

Top holdings Styker ( SYK) and Zimmer Holdings ( ZMH) are leading the medical devices industry lower, pressuring IHI to heavy losses.

Stryker is falling after announcing its plans to purchase Boston Scientific's ( BSX) neurovascular division for $1.5 billion. Meanwhile, Zimmer is tumbling after reporting its quarterly earnings performance. Although the firm saw earnings climb over the past three months, revenues missed expectations.

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 Market Vectors Gold Miners ETF.

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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