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) 4.2%

A promising jobs report has not been enough to offset investor fears over the turmoil facing the Middle East and Northern Africa. The fear-based VIX is powering higher, leading VXX and the iPath S&P 500 VIX Mid Term Futures ETN ( VXZ) to gains.

iShares Silver Trust ( SLV) 3.2%

Physically-based silver ETFs are among the ETF industry's biggest winners. Although, due to its links to industry, silver tends to move in correlation to the broad market, investors have been turning to it as a way to seek out the protection against global turmoil.

Gold is scoring gains as well, allowing the Market Vectors Junior Gold Miners ETF ( GDXJ) to secure a spot on the winners list.

iPath Dow Jones UBS Cotton Total Return Subindex ETN ( BAL) 2.8%

Although cotton suffered a hit at the end of February, it did not take long for the BAL to recover its lost ground. In only a few days, the ETN has powered higher and is once again sitting on a leve with its all- time highs.

While cotton heads higher, sugar is taking a hit, with the iPath Dow Jones UBS Sugar Total Return Subindex ETN ( SGG) down over 2%.

Looking ahead, commodity prices are likely to remain in the spotlight. Conservative investors can gain exposure to cotton and a range of other agricultural goods through the PowerShares DB Agriculture Fund ( DBA).

Losers

iShares MSCI Spain Index Fund ( EWP) -2.1%

Europe continues to be a volatile region and the Spanish marketplace is getting hit after Fitch cut its outlook for the nation. The news is hitting top holding Banco Santader ( STD). In early afternoon trading the firm was down over 3%. Investors should exhibit caution when considering exposure to EWP. Aside form the economic concerns facing the EU, EWP's index is noticeably top-heavy; together STD and Telefonica ( TEF) represent 40% of its assets.

Market Vectors India Small Cap Index Fund ( SCIF) -2.6%

After a string of gains, the small-cap India ETF is again heading into negative territory. For months, SCIF and other India-focused ETFs have struggled as inflation fears and corruption concerns weigh on the markets.

Use caution in this corner of the globe.

SPDR KBW Bank ETF ( KBE) -2.1%

Weakness can be felt across the financials sector as KBE and other bank-related ETFs take notable losses.

KBE's index exposes investors to financial institutions from across the industry spectrum, and it boasts exposure to smaller, more volatile regional players.

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 was long PowerShares DB Agriculture Fund.

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