Investors may also be acquainted with many other major holdings in the two internet ETFs. For instance, FDN includes Facebook (NasdaqGS: FB) 10.0%, Alphabet Class A (NasdaqGS: GOOG) 5.0%, Alphabet Class C (NasdaqGS: GOOGL) 5.0%, (NasdaqGS: CRM) 4.8%, PayPal (NasdaqGS: PYPL) 4.7%, eBay (NasdaqGS: EBAY) 3.9% and Yahoo (NasdaqGS: YHOO) 3.9%.

PNQI’s portfolio also tracks a similar group of U.S. internet companies, including 8.3% PCLN, 8.2% GOOG, 8.2% FB, 4.1% YHOO and 3.8% EBAY. Additionally, the PowerShares ETF holds a number of Chinese internet names, such as Baidu (NasdaqGS: BIDU) 7.2% and (NasdaqGS: JD) 4.3%.

While these internet ETFs may be seen as a type of tech sector play, the two funds also include consumer discretionary exposure. Specifically, the internet ETFs include some e-commerce or online retail presence, so the funds may be susceptible to shifts in consumer spending and sentiment.

FDN includes a 70.0% tilt toward information tech names and a 22.1% position in consumer discretionary. Meanwhile, PNQI holds 57.8% in technology and 31.2% in consumer cyclical. [Which ETFs Will Best Capture 2015’s Holiday Shopping Trends?]

For more information on the tech sector, visit our technology category.

Max Chen contributed to this article.