Recent declines in some of FDN’s marquee holdings could signal opportunity for astute investors to get involved with the ETF before it soars again.

“In most cases, the top 10 holdings are all 7-8% or more off of recent highs. I still like Google and Facebook as long term holdings despite the fact that the challenges of the online ad revenue model may be catching up to them. Netflix’s future depends on how well it can continue growing overseas. I like Salesforce (NYSE:CRM) now that its flirtation with Twitter (NYSE:TWTR) is (hopefully) behind it,” according to a Seeking Alpha analysis of FDN.

SEE MORE: Technology ETFs Are Making a Strong Comeback

FDN’s primary rival is the PowerShares NASDAQ Internet Portfolio (NasdaqGS: PNQI). PNQI tracks the largest and most liquid U.S.-listed companies engaged in internet-related businesses and employs a modified market cap-weighted indexing methodology based on the market cap ranking of the underling idnex securities.

First Trust Dow Jones Internet Index Fund (NYSEArca: FDN)