Dion's Friday ETF Winners and Losers

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

Market Vectors Indonesia ETF(IDX) 5.1%

After landing a top spot on Thursday's losers list, the Indonesia ETF has staged a respectable comeback, earning a top winners spot.

Despite these gains, I would encourage investors to use caution when venturing into IDX and other emerging market ETFs. Resounding market turmoil will likely make these inherently volatile nations a risky bet.

Market Vectors Coal ETF(KOL) 3.0%

The upward action we are witnessing following Thursday's steep sell-off is helping investors breathe a collective sigh of relief. As we approach the week's close many of the hardest hit corners of the marketplace are staging the strongest recoveries.

Aside from KOL, the Guggenheim Solar ETF(TAN) is also heading higher. This is the fund's first day of gains following a six-day losing streak.

ProShares UltraShort 20+ Year Treasury Bond ETF(TBT) 2.4%

After five days of solid upward action, the iShares Barclays 20+ Year Treasury Bond Fund(TLT) is taking a break and allowing TBT to recover some lost ground.

TLT's ascension over the past few weeks has helped it power back to its all-time highs. Looking to the days ahead it will be interesting to see if the fund can hold onto this level.

Losers

ETFS Physical Silver Trust(SLV) -14.5%

Precious metals are failing to find a footing following Thursday's sell-off. Leading the retreat is silver. As a result of a steep three-day slide, SLV has broken through the lows seen during its May sell-off.

Gold is faring poorly as well. Shares of the bu! llion-ba cked iShares Gold Trust(IAU) are off 5%, while the Market Vectors Junior Gold Miners ETF(GDXJ) has fallen over 7%.

iShares MSCI Philippines Investable Market Index Fund(EPHE) -2.7%

While the Indonesia ETF is scoring a top spot among today's winners, not all emerging markets are faring as well. EPHE's losses over the past week have pushed the fund back to all- time lows.

Thailand is also showing weakness. The iShares MSCI Thailand Investable Market Index Fund(THD) is nearing 2011 lows.

iPath Dow Jones UBS Sugar Subindex Total Return ETN(SGG) -2.5%

Investors are witnessing mixed action across the universe of agricultural futures-linked ETNs. While SGG is tumbling to industry-leading losses, the cotton-tracking iPath Dow Jones UBS Cotton Subindex Total Return ETN(BAL) is displaying impressive strength.

All prices as of 2:14 PM EST