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.


ETFS Physical Silver Shares ( SIVR) 3.4%

The markets are behaving in a mixed manner in response to China's decision to hike interest rates. The jittery performance is having a positive effect on the precious metals market, lifting physically based and miner focused products higher.

Although they took a hit in the start of 2011, improving economic conditions bode well for the silver ETFs looking ahead. SIVR and iShares Silver Trust ( SLV) are rebounding and appear on the cusp of revisiting previous highs as industrials and speculators attempt to position themselves for continued growth.

Market Vectors Junior Gold Miners ETF ( GDXJ) is leading the basket of gold-related ETFs today.

iShares Dow Jones U.S. Home Construction Index Fund ( ITB) 2.1%

Despite today's earnings miss from Beazer Homes ( BZH), the homebuilder ETFs are powering higher today, leading ITB and SPDR S&P Homebuilder ETF ( XHB) to lock in another day of gains.

Although the residential real estate market remains shaky, looking to the near term, ITB and XHB could be in for strength as we approach the busy spring season.

iShares MSCI Germany Index Fund ( EWG) 0.9%

Pockets of strength can be found among the Europe-focused ETFs as EWG and iShares MSCI France Index Fund ( EWQ) carve out gains.

Although nations such as Germany and France appear promising, investors should continue to use caution when venturing into Europe. Debt continues to threaten members of the E.U. bloc and turmoil will likely persist.


iPath Dow Jones UBS Sugar Total Return Subindex ETN ( SGG) -4.5%

From late January to early February the sugar ETN managed to see a break above its 50-day moving average, resulting in new all time highs. In recent days, however, the fund has struggled and returned to its moving average.

Looking ahead, SGG and other single crop-focused ETNs could run into hurdles. Investors looking for a way to traverse the agriculture industry in a safer manner should turn to the broad based PowerShares DB Agriculture Fund ( DBA).

Market Vectors India Small Cap Index ETF ( SCIF) -3.3%

The Indian markets are taking another hit today, leading ETFs such as WisdomTree India Earnings ETF ( EPI), PowerShares India Portfolio ( PIN) and iShares S&P India Nifty 50 Index Fund ( INDY) to notable losses.

Due to their inherent volatility, the small-cap companies comprising SCIF are taking some of the heaviest hits, leading this relatively young product to stumble.

Guggenheim China Real Estate ETF ( TAO) -2.0%

China's rate hike is weighing heavily on the nation's real estate market, leading TAO and the real estate heavy iShares MSCI Hong Kong Index Fund ( EWH) to losses.

Investors should exercise caution when venturing into this corner of China's marketplace. Persistent fears of a housing bubble will likely lead TAO to perform in a shaky manner.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.


At the time of publication, Dion Money Management owned PowerShares DB Agriculture Fund.

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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