AIVC vs. KNCT

Last updated Aug 4, 2026

AIVC (Amplify Bloomberg AI Value Chain ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - AIVC tracks the Bloomberg AI Value Chain Index while KNCT tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 10 years, AIVC returned 15.10%/yr vs 18.65%/yr for KNCT. Their 0.76 correlation means they have sometimes moved together and sometimes differently. AIVC charges 0.59%/yr vs 0.40%/yr for KNCT.

Performance

AIVC vs. KNCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg AI Value Chain ETF (AIVC) and Invesco Next Gen Connectivity ETF (KNCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVC achieves a 56.92% return, which is significantly higher than KNCT's 41.41% return. Over the past 10 years, AIVC has underperformed KNCT with an annualized return of 15.10%, while KNCT has yielded a comparatively higher 18.65% annualized return.

AIVC

• 1D: 3.37%
• 1M: 0.06%
• 6M: 47.24%
• YTD: 56.92%
• 1Y: 96.84%
• 3Y*: 42.42%
• 5Y*: 15.82%
• 10Y*: 15.10%
• ALL TIME*: 15.34%

KNCT

• 1D: 0.92%
• 1M: -4.09%
• 6M: 31.51%
• YTD: 41.41%
• 1Y: 65.43%
• 3Y*: 36.00%
• 5Y*: 16.09%
• 10Y*: 18.65%
• ALL TIME*: 13.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIVC Amplify Bloomberg AI Value Chain ETF	$721.94K	$1.14M	$2.79M
KNCT Invesco Next Gen Connectivity ETF	$796.19K	$668.77K	$843.31K

AIVC vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVC Amplify Bloomberg AI Value Chain ETF	56.92%	39.94%	18.22%	39.28%	-38.91%	-7.23%	41.45%	27.78%	-18.62%	35.42%
KNCT Invesco Next Gen Connectivity ETF	41.41%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%

Correlation

The correlation between AIVC and KNCT is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Mar 9, 2016	0.76

The correlation between AIVC and KNCT shifts across timeframes, from 0.76 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.

AIVC vs. KNCT - Sectors Allocation Comparison

Sectors	AIVC	KNCT
Technology	91.0%	86.3%
Consumer Cyclical	5.0%	-
Communication Services	2.1%	10.0%
Industrials	1.7%	0.7%
Financial Services	0.0%	0.2%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	3.0%
Utilities	-	-

Return for Risk

AIVC vs. KNCT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIVC

AIVC Risk / Return Rank: 90
AIVC Sharpe Ratio Rank: 95
AIVC Sortino Ratio Rank: 89
AIVC Omega Ratio Rank: 87
AIVC Calmar Ratio Rank: 91
AIVC Martin Ratio Rank: 90

KNCT

KNCT Risk / Return Rank: 87
KNCT Sharpe Ratio Rank: 91
KNCT Sortino Ratio Rank: 85
KNCT Omega Ratio Rank: 87
KNCT Calmar Ratio Rank: 86
KNCT Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIVC vs. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) and Invesco Next Gen Connectivity ETF (KNCT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIVC	KNCT	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.38	+0.38
Sortino ratio: Return per unit of downside risk	3.14	2.93	+0.21
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	4.18	3.48	+0.70
Martin ratio: Return relative to average drawdown	14.70	13.77	+0.93

AIVC vs. KNCT - Sharpe Ratio Comparison

The current AIVC Sharpe Ratio is 2.77, which is comparable to the KNCT Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of AIVC and KNCT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVC vs. KNCT - Drawdown Comparison

The maximum AIVC drawdown since its inception was -56.11%, roughly equal to the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for AIVC and KNCT.

Drawdown Indicators

	AIVC	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	-57.18%	+1.07%
Max Drawdown (1Y) Largest decline over 1 year	-23.29%	-18.91%	-4.38%
Max Drawdown (3Y) Largest decline over 3 years	-32.55%	-21.40%	-11.15%
Max Drawdown (5Y) Largest decline over 5 years	-53.58%	-34.55%	-19.03%
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	-34.55%	-21.56%
Current Drawdown Current decline from peak	-13.72%	-14.01%	+0.29%
Average Drawdown Average peak-to-trough decline	-16.35%	-10.73%	-5.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.61%	4.77%	+1.84%

Volatility

AIVC vs. KNCT - Volatility Comparison

Amplify Bloomberg AI Value Chain ETF (AIVC) has a higher volatility of 13.60% compared to Invesco Next Gen Connectivity ETF (KNCT) at 11.01%. This indicates that AIVC's price experiences larger fluctuations and is considered to be riskier than KNCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVC	KNCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.60%	11.01%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	29.91%	24.68%	+5.23%
Volatility (1Y) Calculated over the trailing 1-year period	35.27%	27.66%	+7.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.40%	24.49%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.52%	23.55%	+3.97%

AIVC vs. KNCT - Expense Ratio Comparison

AIVC has a 0.59% expense ratio, which is higher than KNCT's 0.40% expense ratio.

Dividends

AIVC vs. KNCT - Dividend Comparison

AIVC's dividend yield for the trailing twelve months is around 0.11%, less than KNCT's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIVC Amplify Bloomberg AI Value Chain ETF	0.11%	0.17%	0.21%	0.00%	0.00%	0.00%	0.39%	1.16%	0.38%	0.92%	0.64%
KNCT Invesco Next Gen Connectivity ETF	0.68%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%

Frequently Asked Questions

Can I hold both AIVC and KNCT in my portfolio?

With a correlation of 0.91, AIVC and KNCT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AIVC or KNCT?

AIVC has higher volatility (13.60%) compared to KNCT (11.01%). In terms of maximum drawdown, AIVC dropped -56.11% vs KNCT's -57.18%.

Which ETF is better, AIVC or KNCT?

On 10-year performance, KNCT leads with 18.65% vs 15.10% for AIVC. On fees, KNCT is cheaper at 0.40% per year. On volatility, KNCT has been the lower-risk option at 11.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVC or KNCT?

Over the 10-year period, KNCT has performed better with a 18.65% return vs 15.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVC or KNCT?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.59% for AIVC.

Which ETF pays a higher dividend yield, AIVC or KNCT?

KNCT has the higher dividend yield at 0.68%, compared with 0.11% for AIVC.

What is the main difference between AIVC and KNCT?

AIVC tracks Bloomberg AI Value Chain Index, while KNCT tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.59% for AIVC and 0.40% for KNCT.

Which has better risk-adjusted returns?

AIVC currently has the higher Sharpe Ratio (2.77 vs 2.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.