Along with large internet tech names like Facebook (NasdaqGS: FB) and Alphabet (NasdaqGS: GOOG), PNQI has a 36.2% tilt toward consumer discretionary sector, including 9.7% AMZN, 7.6% Priceline Group (NasdaqGS: PCLN) and 3.6% Netflix (NasdaqGS: NFLX), among others.

FDN also allocates 23.0% to consumer discretionary, including a 12.0% position in AMZN and 4.2% to NFLX.

Related: Be Careful Shopping With Amazon, Home Depot, Wal-Mart

With more consumers turning to online outlets to meet their shopping needs, internet-related ETFs have outperformed. Over the past three months, PNQI rose 11.3% and FDN increased 14.4% while the VanEck Vectors Retail ETF (NYSEArca: RTH), which targets the 25 largest retailers and includes a 15.4% tilt toward AMZN, gained 6.9%.

For more information on the internet stocks, visit our internet category.

PowerShares NASDAQ Internet Portfolio