Dion's Monday ETF Winners and Losers

NEW YORK (TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.

Winners

iPath S&P 500 VIX Short Term Futures ETN ( VXX) 2.9%

Whatever confidence investors held heading into the weekend has been dashed as investors refocused their attention towards Europe's economic woes. In response to renewed jitters, the fear-tracking VIX index has regained ground, pushing VXX and other linked exchange-traded products higher.

Investor sentiment continues to swing at a moment's notice. Caution is warranted here.

iShares Barclays 20+ Year Treasury Bond Fund ( TLT) 1.2%

As the global markets start out the new week on a sour note, investors are clamoring for exposure to safe haven asset classes. TLT and the PowerShares DB U.S. Dollar Index Bullish Fund ( UUP) are some of the few exchange-traded products heading higher in this choppy market environment.

Losers

WisdomTree India Earnings ETF ( EPI) -5.6%

Emerging markets are falling out of favor as investors kick off the week on a choppy note. BRIC nations such as India and Russia are leading the way lower, indicated by the standout losses from EPI and the Market Vectors Russia ETF ( RSX) (RSX).

With Monday's losses, EPI has returned to previous 2011 all time lows.

iShares MSCI Austria Investable Market Index Fund ( EWO) -5.4%

Investors expressed confidence towards Europe heading into the weekend as leaders met in Brussels to sort out a solution to the region's ongoing economic crisis. This optimism, however, appears to have been dashed at the start of the week, with funds like EWO, iShares MSCI Spain Index Fund ( EWP) and iShares MSCI Germany Index Fund ( EWG) slide to heavy losses.

With sentiment shifting from headline to headline, it is easy to become exposed to losses. Steer clear of this region.

iShares Dow Jones U.S. Oil Equipment & Services Index Fund ( IEZ) -4.9%

As fear makes a comeback, investors are steering clear of growth-correlated market sectors. Energy producers are among the shunned industries, leading IEZ and the First Trust ISE Revere Natural Gas Index Fund ( FCG) to heavy losses.

December has been rough for IEZ. During the opening weeks, the fund has seen only two days of strength.

Global X Silver Miners ETF ( SIL) -4.4%

Materials producers are being shunned as investors avoid risk in this choppy market environment. As a result, ETFs like SIL and the SPDR S&P Metals & Mining ETF ( XME) are tumbling to industry-leading losses.

Metals-linked ETFs are taking hits as well. The ETFS Physical Palladium Shares ( PALL) and iPath Dow Jones UBS Copper Subindex Total Return ETN ( JJC) have suffered heavy losses.

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 owned the PowerShares DB U.S. Dollar Index Bullish Fund.

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