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.
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.
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.