Dion's Weekly ETF Winners and Losers

NEW YORK (TheStreet) - Here are this week's winners and losers.

Winners

iPath Dow Jones UBS Sugar Total Return Subindex ETN ( SGG) 5.1%

Although it ran into headwinds at the end of week amidst the broad market sell-off, sugar prices still managed to end on a high note, locking in SGG's spot among this week's biggest gainers.

Risk tolerant investors who have looked to SGG for agriculture exposure will want to keep a close watch on the fund's performance over the next few days. The fund is currently testing previous all-time highs for the third time since November. It will be interesting to see if the fund can overtake this level.

SPDR S&P Metals & Mining ETF ( XME) 3.3%

Mining stocks gained ground this week, riding higher as investors continue to exhibit confidence in the ongoing economic recovery picture.

XME's index is heavily focused on miners dedicated to producing coal, iron ore and other growth-linked materials. However, the fund also sets aside a percentage of its portfolio to precious metals producers such as Newmont Mining ( NEM) and Royal Gold ( RGLD). This precious metal exposure will provide some protection in times of market turmoil.

Guggenheim Timber ETF ( CUT) 1.7%

The timber industry trudged higher this week, propelling CUT to levels seen prior to the 2008 market meltdown. Rayonier ( RYN) was one of the fund's biggest contributors over the past few days, powering higher after reporting strong quarterly earnings.

Looking to the coming week, earnings will play a major role in directing CUT's performance. Top holdings Weyerhaeuser ( WY), PlumCreek ( PCL), International Paper ( IP), Nippon Paper Group and UPM-Kymmene are scheduled throughout the week.

Losers

Market Vectors Egypt ETF ( EGPT) -13.8%

The Egypt ETF generated a lot of interest this week as the nation's citizens took to the streets in protest. This political unrest caused the fund to tumble hard, carving out new all-time lows.

Although EGPT has traditionally suffered from lack of interest, on Friday, investors poured into the fund in an attempt to gain access to the volatile scenario and boosted the fund's volume past the 1 million mark.

Egypt may be in the spotlight for now, but I urge investors to hold off on exposing themselves to the nation's marketplace through EGPT. Aside from the inherent volatility that comes with owning frontier markets, there is the possibility that, when these protests fall from the international headlines, EGPT's volume could dry up. This could make it difficult for investors to unload their positions.

United States Natural Gas Fund ( UNG) -8.1%

Natural gas prices fell hard this week as the fuel remains weighed down by oversupply concerns. This weakness led UNG and iPath Dow Jones UBS Natural Gas Total Return Subindex ETN ( GAZ) to break below their 50-day moving averages.

This fuel remains a popular corner of the energy market to watch but I urge investors to avoid UNG and GAZ in favor of an equity based fund such as First Trust ISE Revere Natural Gas Index Fund ( FCG).

Market Vectors India Small Cap Index Fund ( SCIF) -6.2%

The Indian market place got battered this week as inflation concerns weighed heavily on the minds of investors. These fears causing funds such as the PowerShares India Portfolio ( PIN) and the WisdomTree India Earnings Fund ( EPI) to tumble lower, revisiting levels last seen prior to their fall 2010 rallies.

The biggest decliner of the week, however, was the SCIF, which retreated to brand new all time lows.

Other corners of the small-cap emerging market ETF universe struggled as well. The Market Vectors Brazil Small Cap Index ETF ( BRF) suffered a heavy loss.

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management did not own any of the equities mentioned.

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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