Dion's Thursday 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.

Winners

iPath S&P 500 VIX Short Term Futures ETN ( VXX) 4.7%

A spattering of negative news is causing investors to head for the exits as we approach the end of the week. In response to the jittery action, the fear-based VIX is seeing gains, leading the VXX and the iPath S&P 500 VIX Mid-Term Futures ETN ( VXZ) higher.

The recent bout of economic and political tension sweeping the globe has boded well for these two products. Thursday's gains have helped both funds power above their 50-day moving averages.

Despite this upward strength, I urge cautious, long-term focused investors to steer clear. On a number of occasions we have witnessed how quickly these two funds can reverse paths.

PowerShares DB U.S. Dollar Index Bullish ( UUP) 0.7%

Fearful investors are flocking to defensive assets to protect against today's downward action. The U.S. dollar and long term treasuries are particularly popular, as UUP and the iShares Barclays 20+ Year Treasury Bond Fund ( TLT) score noticeable gains.

Gold is bucking this trend, however. The iShares Gold Trust ( IAU) was down 1.2% in early afternoon trading.

Losers

iPath Dow Jones UBS Sugar Total Return Subindex ETN ( SGG) -5.5%

Sugar prices are tumbling amidst this sell off, leading SGG back below its 50-day moving average.

Cotton, another closely watched agricultural commodity, is taking a hit as well. Shares of iPath Dow Jones UBS Cotton Total Return Subindex ETN ( BAL) are off over 1% in early afternoon trading.

Global X Silver Miners ETF ( SIL) -4.0%

Silver-related funds are taking a shot across the bow, with the equity-based SIL leading the pack lower.

The iShares Silver Trust ( SLV), which tracks a physical stockpile of the white metal, is down 2.4%.

First Trust ISE Global Copper Index ( CU) -3.9%

While silver is taking the biggest hit, some base metals-related funds are not far behind. Copper producers are getting knocked as ongoing economic and political turmoil weighs on investors' confidence in the global recovery picture.

The futures-tracking iPath Dow Jones UBS Copper Total Return Subindex ETN ( JJC) is relatively flat.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management owned iShares Gold Trust.

More from ETFs

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Bitcoin Today: Bears Rear Their Heads as Prices Continue Downward Spiral

Bitcoin Today: Bears Rear Their Heads as Prices Continue Downward Spiral

Cannabis Stocks Are Screaming Sells After Seeing This Deal: Doug Kass Insider

Cannabis Stocks Are Screaming Sells After Seeing This Deal: Doug Kass Insider

60 Seconds: What's the Difference Between an ETF and a Mutual Fund?

60 Seconds: What's the Difference Between an ETF and a Mutual Fund?

Here's How the Federal Reserve Will Send Stocks Spiraling Lower This Summer

Here's How the Federal Reserve Will Send Stocks Spiraling Lower This Summer