Dion's Friday 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 find out which ETFs are gaining or losing.

Winners

iPath S&P 500 VIX Short Term Futures ETN ( VXX) 9.3%

The markets are suffering notable losses, closing out this choppy shortened week of trading on a sour note.

In response, the fear-tracking VIX ETNs are managing to power higher. VXX is leading the pack, locking its second consecutive day of upward action.

PowerShares DB U.S. Dollar Index Bullish Fund ( UUP) 1.1%

The U.S. dollar has staged an impressive rally in recent weeks, leading UUP to recover to levels last seen in May. It will be interesting to see how the greenback performs in the days ahead following news that the Swiss National Bank is intervening on the Swiss franc's ascension.

Losers

Market Vectors Poland ETF ( PLND) -6.8%

For the second day in a row, Poland and other Europe-focused ETFs are leading the markets lower. With Friday's losses, both PLND and iShares MSCI Poland Investable Market Index Fund ( EPOL) have descended to August lows.

Other notable decliners from this region include the iShares MSCI Italy Index Fund ( EWI), iShares MSCI Austria Investable Market Index Fund ( EWO), and iShares MSCI Sweden Index Fund ( EWD).

iPath Dow Jones UBS Coffee Subindex Total Return ETN ( JO) -4.8%

The futures-backed coffee ETN is stumbling into the weekend, pressured by economic uncertainty. The past week was a rough one for this fast moving exchange-traded product; after a handful of down sessions, JO has given back a notable portion of the gains from its August run- up. The fund is currently testing its 200-day moving average.

iShares MSCI South Korea Index Fund ( EWY) -4.6%

While Europe may be leading the way lower, other regions of the global markets are not immune to this late week sell off. Emerging nations including South Korea and Brazil are taking shots across the bow as indicated by the declines seen from EWY and the iShares MSCI Brazil Index Fund ( EWZ).

First Trust Global Wind Energy ETF ( FAN) -3.4%

The alternative energy sector is facing substantial headwinds as developed nations work diligently to pare back their spending and cut down debt. The wind energy industry is getting hit particularly hard at the end of the week, leading FAN to test previous all-time lows.

Solar energy is not being left out of today's sell off. On the contrary, the Guggenheim Solar ETF ( TAN) is suffering notable losses as well.

All prices as of 2:14 PM EST

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management did not own any equities mentioned.

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