ASMH vs. KNCT

Last updated Jun 4, 2026

ASMH (ASML Holding NV ADR Hedged ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - ASMH tracks the ASML Holding NV Sponsored ADR while KNCT tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past year, ASMH returned 130.11% vs 99.38% for KNCT. A 0.60 correlation means they provide meaningful diversification when combined. ASMH charges 0.19%/yr vs 0.40%/yr for KNCT.

Performance

ASMH vs. KNCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASML Holding NV ADR Hedged ETF (ASMH) and Invesco Next Gen Connectivity ETF (KNCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ASMH having a 63.99% return and KNCT slightly lower at 63.41%.

ASMH

• 1D: 1.53%
• 1M: 25.24%
• YTD: 63.99%
• 6M: 53.18%
• 1Y: 130.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KNCT

• 1D: -0.63%
• 1M: 26.38%
• YTD: 63.41%
• 6M: 62.53%
• 1Y: 99.38%
• 3Y*: 43.36%
• 5Y*: 21.73%
• 10Y*: 21.42%

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

ASMH vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025
ASMH ASML Holding NV ADR Hedged ETF	63.99%	58.84%
KNCT Invesco Next Gen Connectivity ETF	63.41%	37.99%

Correlation

The correlation between ASMH and KNCT is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025	0.60

The correlation between ASMH and KNCT has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.

Return for Risk

ASMH vs. KNCT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASMH

ASMH Risk / Return Rank: 88
ASMH Sharpe Ratio Rank: 92
ASMH Sortino Ratio Rank: 85
ASMH Omega Ratio Rank: 79
ASMH Calmar Ratio Rank: 95
ASMH Martin Ratio Rank: 90

KNCT

KNCT Risk / Return Rank: 96
KNCT Sharpe Ratio Rank: 97
KNCT Sortino Ratio Rank: 96
KNCT Omega Ratio Rank: 95
KNCT Calmar Ratio Rank: 96
KNCT Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASMH vs. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV ADR Hedged ETF (ASMH) 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.

	ASMH	KNCT	Difference
Sharpe ratio: Return per unit of total volatility	3.36	4.70	-1.34
Sortino ratio: Return per unit of downside risk	3.81	5.72	-1.91
Omega ratio: Gain probability vs. loss probability	1.47	1.76	-0.29
Calmar ratio: Return relative to maximum drawdown	8.24	10.00	-1.77
Martin ratio: Return relative to average drawdown	21.26	44.01	-22.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASMH vs. KNCT - Sharpe Ratio Comparison

The current ASMH Sharpe Ratio is 3.36, which is comparable to the KNCT Sharpe Ratio of 4.70. The chart below compares the historical Sharpe Ratios of ASMH 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.

Sharpe Ratios by Period

	ASMH	KNCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.36	4.70	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.59	0.58	+3.01

Drawdowns

ASMH vs. KNCT - Drawdown Comparison

The maximum ASMH drawdown since its inception was -15.89%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for ASMH and KNCT.

Drawdown Indicators

	ASMH	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-15.89%	-57.18%	+41.29%
Max Drawdown (1Y) Largest decline over 1 year	-15.89%	-9.99%	-5.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.55%	—
Current Drawdown Current decline from peak	0.00%	-0.63%	+0.63%
Average Drawdown Average peak-to-trough decline	-4.33%	-10.74%	+6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.14%	2.27%	+3.87%

Volatility

ASMH vs. KNCT - Volatility Comparison

ASML Holding NV ADR Hedged ETF (ASMH) has a higher volatility of 13.84% compared to Invesco Next Gen Connectivity ETF (KNCT) at 9.19%. This indicates that ASMH'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

	ASMH	KNCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.84%	9.19%	+4.65%
Volatility (6M) Calculated over the trailing 6-month period	30.43%	17.12%	+13.31%
Volatility (1Y) Calculated over the trailing 1-year period	38.94%	21.28%	+17.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.32%	23.19%	+15.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.32%	22.97%	+15.35%

ASMH vs. KNCT - Expense Ratio Comparison

ASMH has a 0.19% expense ratio, which is lower than KNCT's 0.40% expense ratio.

Dividends

ASMH vs. KNCT - Dividend Comparison

ASMH's dividend yield for the trailing twelve months is around 0.99%, more than KNCT's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ASMH ASML Holding NV ADR Hedged ETF	0.99%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KNCT Invesco Next Gen Connectivity ETF	0.57%	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 ASMH and KNCT in my portfolio?

ASMH and KNCT have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMH or KNCT?

ASMH has higher volatility (13.84%) compared to KNCT (9.19%). In terms of maximum drawdown, ASMH dropped -15.89% vs KNCT's -57.18%.

Which ETF is better, ASMH or KNCT?

On 1-year performance, ASMH leads with 130.11% vs 99.38% for KNCT. On fees, ASMH is cheaper at 0.19% per year. On volatility, KNCT has been the lower-risk option at 9.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMH or KNCT?

Over the 1-year period, ASMH has performed better with a 130.11% return vs 99.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMH or KNCT?

ASMH is cheaper with a 0.19% expense ratio, compared with 0.40% for KNCT.

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

ASMH has the higher dividend yield at 0.99%, compared with 0.57% for KNCT.

What is the main difference between ASMH and KNCT?

ASMH tracks ASML Holding NV Sponsored ADR, while KNCT tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: Precidian Funds and Invesco. Their fees differ too: 0.19% for ASMH and 0.40% for KNCT.

Which has better risk-adjusted returns?

KNCT currently has the higher Sharpe Ratio (4.70 vs 3.36), 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.