ARVR vs. KNCT
ARVR (First Trust Indxx Metaverse ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - ARVR tracks the Indxx Metaverse Index - Benchmark TR Net while KNCT tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 3 years, ARVR returned 20.83%/yr vs 36.00%/yr for KNCT. Their correlation of 0.82 means they have usually moved in the same direction. ARVR charges 0.70%/yr vs 0.40%/yr for KNCT.
Performance
ARVR vs. KNCT - Performance Comparison
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Returns By Period
In the year-to-date period, ARVR achieves a 11.94% return, which is significantly lower than KNCT's 41.41% return.
ARVR
- 1D
- 1.43%
- 1M
- -1.71%
- 6M
- 11.77%
- YTD
- 11.94%
- 1Y
- 20.48%
- 3Y*
- 20.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.90%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.59K | $9.90K | $34.86K | |
| $796.19K | $668.77K | $843.31K |
ARVR vs. KNCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ARVR First Trust Indxx Metaverse ETF | 11.94% | 29.07% | 10.11% | 43.39% | -17.45% |
KNCT Invesco Next Gen Connectivity ETF | 41.41% | 28.65% | 19.41% | 27.39% | -17.89% |
Correlation
The correlation between ARVR and KNCT is 0.84, 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. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2022 | 0.82 |
The correlation between ARVR and KNCT has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
ARVR vs. KNCT — Risk / Return Rank
ARVR
KNCT
ARVR vs. KNCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) 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.
| ARVR | KNCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 3.48 | -2.32 |
| Martin ratioReturn relative to average drawdown | 3.29 | 13.77 | -10.49 |
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Drawdowns
ARVR vs. KNCT - Drawdown Comparison
The maximum ARVR drawdown since its inception was -26.40%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for ARVR and KNCT.
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Drawdown Indicators
| ARVR | KNCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.40% | -57.18% | +30.78% |
Max Drawdown (1Y)Largest decline over 1 year | -17.73% | -18.91% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -21.40% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.55% | — |
Current DrawdownCurrent decline from peak | -6.44% | -14.01% | +7.57% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -10.73% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.25% | 4.77% | +1.48% |
Volatility
ARVR vs. KNCT - Volatility Comparison
The current volatility for First Trust Indxx Metaverse ETF (ARVR) is 6.56%, while Invesco Next Gen Connectivity ETF (KNCT) has a volatility of 11.01%. This indicates that ARVR experiences smaller price fluctuations and is considered to be less risky than KNCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARVR | KNCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 11.01% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 24.68% | -6.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.24% | 27.66% | -5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 24.49% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.74% | 23.55% | +0.19% |
ARVR vs. KNCT - Expense Ratio Comparison
ARVR has a 0.70% expense ratio, which is higher than KNCT's 0.40% expense ratio.
Dividends
ARVR vs. KNCT - Dividend Comparison
ARVR's dividend yield for the trailing twelve months is around 0.67%, less than KNCT's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ARVR First Trust Indxx Metaverse ETF | 0.67% | 0.53% | 0.81% | 0.11% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ARVR and KNCT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNCT has higher volatility (11.01%) compared to ARVR (6.56%). In terms of maximum drawdown, ARVR dropped -26.40% vs KNCT's -57.18%.
On 3-year performance, KNCT leads with 36.00% vs 20.83% for ARVR. On fees, KNCT is cheaper at 0.40% per year. On volatility, ARVR has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KNCT has performed better with a 36.00% return vs 20.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KNCT is cheaper with a 0.40% expense ratio, compared with 0.70% for ARVR.
ARVR and KNCT have nearly identical dividend yields, around 0.67%.
ARVR tracks Indxx Metaverse Index - Benchmark TR Net, while KNCT tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.70% for ARVR and 0.40% for KNCT.
KNCT currently has the higher Sharpe Ratio (2.38 vs 0.93), 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.
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