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NEW YORK ( TheStreet ) - Here are the five ETFs to watch this week.

SPDR KBW Bank ETF (KBE) - Get SPDR S&P Bank ETF Report

The financial industry will be front and center during this shortened trading week as a combination of Wall Street giants and smaller regional players release their quarterly earnings reports. Notable names on tap include

Bank of America

(BAC) - Get Bank of America Corp Report


Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report


Fifth Third Bancorp

(FITB) - Get Fifth Third Bancorp Report


U.S. Bancorp

(USB) - Get U.S. Bancorp Report


Wells Fargo

(WFC) - Get Wells Fargo & Company Report

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KBE is an ideal product for investors looking to take a broad approach to tracking the financial industry. The fund is topped by industry leaders but sets aside a considerable portion of its portfolio for smaller, more volatile regional institutions.

In 2010, financials faced pressure from Washington as lawmakers sought to construct sweeping reform legislation. With the bill completed and passed, it will be interesting to watch how banks react in the new year.

First Trust Dow Jones Internet Index Fund (FDN) - Get First Trust Dow Jones Internet Index Fund Report

FDN will be closely watched this week as top holdings,


(GOOG) - Get Alphabet Inc. Class C Report



(EBAY) - Get eBay Inc. Report

face the earnings spotlight. Other tech names including


(AAPL) - Get Apple Inc. (AAPL) Report


International Business Machines

(IBM) - Get International Business Machines (IBM) Report

are also on tap for this week.

While earnings season will be an exciting time for those with exposure to FDN, I would advise investors to hold onto this fund for the long run. Looking to the new year, the internet is a theme which doesn't show any signs of slowing down. On the contrary, with tablet computers and smartphones becoming increasingly engrained into our day-to-day lives, the prospects for companies such as Google, and


(AMZN) - Get, Inc. Report

appear bright.

Global X Copper Miners Index ETF (COPX) - Get Global X Copper Miners ETF Report

Industry-related metals such as copper gave garnered plenty of attention recently as improving economic conditions drive investors into growth correlated asset classes. Rampant demand for hard assets has, in turn, aided producers responsible for unearthing them.

This week, leading copper producer,

Freeport-McMoRan Copper & Gold

(FCX) - Get Freeport-McMoRan, Inc. (FCX) Report

will announce its quarterly earnings performance. The company's performance and outlook will likely provide clues as to how the industry as a whole will perform in the coming year.

COPX and

First Trust ISE Global Copper Index Fund


provide investors with two ways to access the copper industry from an equity perspective.

iShares Dow Jones Transportation Average Index Fund (IYT) - Get iShares Transportation Average ETF Report

Thursday will be a big day for the transportation industry as

Union Pacific Railroad

(UNP) - Get Union Pacific Corporation Report


Southwest Airlines

(LUV) - Get Southwest Airlines Co. Report

announce their quarterly earnings performance. Investors looking for the strongest way to access this corner of the market should turn their attention to IYT.

IYT is well suited for investors looking to take a long term approach to the transportation industry. Although the fund spreads its assets across all reaches of this sector, the vast majority of its portfolio is dedicated to strong, stable delivery services and railroads. By setting aside only small chunks of its portfolio to volatile corners such as airlines and shipping companies, IYT can benefit from upside strength and protect against gut-wrenching drops.

iShares Dow Jones U.S. Home Construction Index Fund (ITB) - Get iShares U.S. Home Construction ETF Report

While many will have their sights set on the slew of earnings reports scheduled to be released, the economic calendar is busy this week as well. Data points including existing home sales and housing starts should direct the performance of funds such as ITB and

SPDR S&P Homebuilders ETF

(XHB) - Get SPDR S&P Homebuilders ETF Report

for the coming week.

Although we have made impressive progress throughout this economic recovery, the residential real estate market remains a tough region to navigate. As we learned last week, home foreclosures topped 1 million in 2010, indicating that headwinds persist. Until clearer skies prevail, conservative investors should hold off on exposing themselves to this industry.

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At the time of publication, Dion Money Management owned FDN.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.