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

Shares Dow Jones U.S. Medical Devices Index Fund


The most active period for company earnings ended last week following




report on Tuesday. Looking ahead to this week, however, there are still firms on tap to release their earnings.



will report Tuesday. The firm's performance numbers and outlook will weigh heavily on IHI, which lists MDT as its largest holding. MDT shares account for over 11% of its total portfolio.

In light of the market's recent shaky action, funds designed to track defensive sectors like health care have performed well. IHI has seen an impressive rise in both our short- and long-term momentum rankings.

First Trust Dow Jones Internet Index Fund




dominated headlines during the latter half of last week after a standout IPO performance. For many, the social network's dramatic run up has sparked memories of the dot-com bubble.

It will be interesting to see if LinkedIn's action is a harbinger for other social media firms planning to go public in the months ahead. Conservative investors looking to tap into the Internet's potential should turn to FDN.

This fund, designed to track a number of the Internet's most recognizable names including









will likely benefit as social media companies continue to generate wild interest from investors and the media.



Polo Ralph Lauren








will announce their earnings this week, providing investors with insights on the retail industry.

Consumer focused investors will want to monitor this week's economic calendar as well; on Friday, personal spending data is slated to be released.

XRT's index provides investors exposure to firms in the consumer retail marketplace. Although apparel companies represent the largest sector slice, automotive-, Internet-, and food-related stores also make up major slices of the fund's portfolio.

iShares MSCI Canada Index Fund


A flurry of Canadian banks will announce their quarterly earnings this week, making the iShares Canada ETF an interesting one to keep an eye on.

Royal Bank of Canada


, National Bank of Canada,

Toronto-Dominion Bank



Canadian Imperial Bank of Commerce



Bank of Montreal


are in the fund's financials-heavy portfolio.

Canada's relatively stable financial sector makes EWC one of the more attractive developed market-focused ETFs available.

Global X Auto ETF


The past week was a busy one for new ETF launches. Between iShares, Global X, Russell, and IndexIQ, 10 new funds were added to the universe. Although it will be interesting to watch how all of these products perform during their first few weeks of trading, Global X's car-focused fund, VROM, will likely be one to keep a particularly close eye on.

VROM is ly the second auto-related ETF to launch in as many weeks. The fund's introduction follows First Trust, which on May 10 became the very first sponsor to tap into the car industry when it launched the

First Trust Nasdaq Global Auto Index Fund


. So far VROM and CARZ have struggled to generate a following but given the close proximities of their respective launches, it will be exciting to see which can pull ahead.

Written by Don Dion in Williamstown, Mass.


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At the time of publication, Dion Money Management owned the First Trust Dow Jones Internet Index Fund and iShares MSCI Canada Index Fund.