Dion's Wednesday ETF Winners and Losers

NEW YORK (TheStreet) -- Here are today's ETF Winners and Losers.

Winners

iPath S&P 500 VIX Short Term Futures ETN (VXX) 5.1%

The effects following the release of yesterday's FOMC minutes have carried over into Wednesday's trading action, sending major stock market indices lower. As the market struggles to find its footing, the fear index has managed to power higher. VXX is currently witnessing its third consecutive day of gains. The iPath S&P 500 VIX Mid Term Futures ETN (VXZ) is staging a bounce off all-time lows.

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

With the Federal Reserve stifling hopes for a new round of quantitative easing, investors have fled for cover. This risk-off mentality has helped TLT recoup some gains since falling to its 200-day moving average.

In addition to long-term U.S. treasuries, the greenback is heading higher. The PowerShares DB U.S. Dollar Index Bullish Fund (UUP) is up around one half of a percent.

Losers

Market Vectors Junior Gold Miners ETF (GDXJ) -5.4%

Gold ended up taking a big hit yesterday after the FOMC's announcement. As the end of the shortened trading week approaches, however, the selling pressure isn't letting up. The iShares Gold Trust (IAU) is off over 1.5% heading into the close. This weakness combined with the downward equity action is boding poorly for funds like GDXJ. The fund is tumbling to new 2012 lows.

Gold miners aren't the only ones heading lower though. The Global X Silver Miners ETF (SIL) is also taking a hit.

iShares MSCI South Africa Index Fund (EZA) -3.7%

While dedicated precious metal funds like GDXJ, SIL, and IAU are heading lower as gold and silver hits, losses can also be seen from miner-heavy emerging market funds. EZA, which boasts heavy exposure to companies like AngloGold Ashanti (AU), Impala Platinum, and Gold Fields (GFI), is revisiting levels last seen at the end of January.

Market Vectors Rare Earth/Strategic Metals ETF (REMX) -3.5%

Gold and silver miners aren't the only commodity producers heading lower with the end of the trading day approaching. REMX and the SPDR S&P Metals & Mining ETF (XME) are also taking shots across the bow.