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

iPath S&P 500 VIX Short Term Futures ETN ( VXX) 7.0%

Investor fears are leading the fear-based VIX ETNs to notable gains. Today marks the first day of upward action for VXX after four consecutive days of declines. The iPath S&P 500 VIX MidTerm Futures ETN ( VXZ), meanwhile, is snapping a six-day losing streak.

ETFS Physical Silver Shares ( SIVR) 3.3%

Precious metal prices are heading higher, aided by the jittery downward market. Physically-based silver ETFs such as SIVR and iShares Silver Trust ( SLV) are leading the way higher.

Gold is also seeing strength, with the Market Vectors Gold Miners ETF ( GDX) recovering ground lost during Thursday's downturn.

United States Oil Fund ( USO) 4.2%

Egyptian protests are helping to lift oil prices as investors weigh the impact these demonstrations will have on the operation of the Suez Canal. This, in turn, is leading the USO and iPath S&P GSCI Crude Oil Total Return Index ETN ( OIL) to strong gains.

PowerShares DB Base Metals ETF ( DBB) 1.9%

Despite today's down market, investors appear confident in the ongoing economic recovery. Improving sentiment towards global growth is helping to push base metal futures prices higher.

DBB is designed to capture the combined performance of copper, aluminum and zinc.

Losers

iShares MSCI Turkey Investable Market Index Fund ( TUR) -6.7%

The Turkish marketplace is taking a heavy hit today, retreating below its 200-day moving average to revisit levels last seen prior to its late 2010 run up. Political unrest in the Middle East appears to be weighing on the nation's performance. Also, a less-than-optimistic trade report indicated that the Turkey's trade deficit rose more than expected. This is spiking concerns that the nation's market is overheating.

Market Vectors Index Small Cap Index ETF ( SCIF) -5.3%

Trouble can be found elsewhere across the emerging market ETF universe as well. Funds including SCIF and iShares MSCI South Africa Index Fund ( EZA) are falling to notable losses.

The India small cap fund has had a particularly rough ride recently as inflation concerns send the fund sliding to brand new all time lows.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.

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

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.

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