Dion's Monday 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

Market Vectors Rare Earth/Strategic Metals ETF ( REMX) 2.8%

Rare earth players are popping at the start of this week, helping to lift the volatile REMX to ETF industry-leading gains. Molycorp ( MCP) and Iluka Resources are two top REMX constituents leading the march higher during late morning trading.

REMX, which has stuck to a steep, sharp upward path since mid-March, is now trading at all-time highs.

United States Natural Gas Fund ( UNG) 1.2%

Natural gas prices struggled last week as supply issues continued to weigh on the industry's long-term prospects. On Monday, however, the futures-based UNG and iPath Dow Jones UBS Natural Gas Subindex Total Return ETN ( GAZ) are making a comeback.

GAZ continues to be heavily influenced by a substantial premium, which stood at over 20% at the end of last week.

First Trust ISE Global Wind Energy ETF ( FAN) 1.2%

Although it has typically flown under the radar, First Trust's wind energy ETF has witnessed a strong run up since March and is currently trading at levels last seen at this time last year.

Like other single subsector alternative energy ETFs, FAN is subject to daily volatile behavior. Investors should use caution when considering exposure to this fund.

Losers

iShares MSCI All Peru Capped Investable Market Index Fund ( EPU) -2.9%

Weakness across the miner arena is weighing heavily on funds including Market Vectors Gold Miners ETF ( GDX), Global X Silver Miners ETF ( SIL) and SPDR S&P Metals & Mining ETF ( XME).

Another fund that is suffering amidst this stumble is the Peru ETF. Although EPU is designed to capture the nation's markets as a whole, the materials sector represents two-thirds of the fund's portfolio and will, therefore, do most of the driving.

iPath S&P GSCI Crude Oil Subindex Total Return ETN ( OIL) -2.7%

Oil prices are taking a breather at the start of this week after reports that tensions in Libya have eased.

The price of crude will likely continue to dominate headlines in the weeks ahead. Investors looking for exposure to this slice of the energy markets should turn to an equity-based fund such as the iShares Dow Jones U.S. Oil Equipment & Services Index Fund ( IEZ).

Market Vectors Egypt ETF ( EGPT) -1.8%

On Monday the Egypt ETF suffered noteworthy losses, reminding investors of the fund's inherent volatility.

This region of the globe remains volatile as nations continue to witness political unrest. Only investors with a strong stomach for risk should try their luck with EGPT. Even then, however, exposure should be kept small.

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 owned iShares Dow Jones U.S. Oil Equipment & Services Index Fund.

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