XWEB will try to reflect the performance of the S&P Internet Select Industry Index, which is comprised of internet names taken from the S&P Total Market Index.
The Internet ETF will include a 78.5% weight toward internet software & services and 21.3% toward internet retail. Top holdings include LinkedIn (NasdaqGS: LNKD) 3.1%, Twitter (NasdaqGS: TWTR) 2.5% and Zillow Group (NasdaqGS: Z) 2.3%.
Due to their more equal-weight methodologies, both XTH and XWEB may lean toward more mid- and small-cap companies.
The more widely observed Technology Select Sector SPDR (NYSEArca: XLK) includes a 16.0% position in tech hardware storage & peripherals, 1.6% electronic equipment and 18.4% internet software & services.
For more information on new fund products, visit our new ETFs category.