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.


iShares Barclays 20+ Year Treasury Bond Fund ( TLT) 1.5%

The market's wild volatile in recent weeks has tested the confidence and stomach of even the most risk-tolerant traders. Amidst this shaky mid-week action, wearied investors are scouring the market for protection, diving into long term U.S. treasuries.

Though a popular safe haven option, the PowerShares DB U.S. Dollar Index Bullish Fund ( UUP) is relatively unchanged.


iShares Silver Trust ( SLV) -6.7%

Gold has commanded investor attention as the precious metal flirts with its 200-day moving average. While the downturn is weighing on physically backed funds like iShares Gold Trust ( IAU) and miner-tracking funds like the Market Vectors Junior Gold Miners ETF ( GDXJ).

While gold has taken center stage, weakness can be seen across the precious metal spectrum. ETFs linked to industrious metals like SLV and ETFS Physical Palladium Shares ( PALL) are actually leading the way lower.

Guggenheim Solar ETF ( TAN) -5.4%

Solar energy stocks are taking a shot across the bow as markets head lower and investors steer clear of risk. Industry leader First Solar ( FSLR) is leading the way lower. Shares of the firm are off over 20% after cutting their 2011 forecasts.

With these losses, TAN has locked in new all-time lows.

United States Oil Fund ( USO) -5.4%

The futures-linked oil ETF is giving back Tuesday's gains and then some. With these losses, USO has broken below its 200-day moving average and returned to levels seen prior to its late November run-up.

Other energy futures ETFs such as the United States Natural Gas Fund ( UNG) and United States Gasoline Fund ( UGA) are taking hits as well.

iShares MSCI Canada Index Fund ( EWC) -2.3%

Energy heavy developed nations like Canada and Norway are being shunned as investors steer clear of the oil and gas industries. In response, EWC, Global X Norway ETF ( NORW) and Guggenheim Canadian Energy Income ETF ( ENY) are taking noticeable hits.

Across the EU, France is a leading decliner. The iShares MSCI France Index Fund ( EWQ) was off over 2.0% in early afternoon trading.

First Trust Dow Jones Internet Index Fund ( FDN) -2.2%

As investors steer clear of growth-correlated industries, the technology sector is taking its lumps. FDN, the iShares S&P North American Technology-Multimedia Networking Index Fund ( IGN) and the iShares S&P North American Technology-Software Index Fund ( IGV) are among the biggest decliners.

All prices as of 2:15 PM EST

Written by Don Dion in Williamstown, Mass.


At the time of publication, Dion Money Management owned the iShares Gold Trust and First Trust Dow Jones Internet Index Fund.

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