ASMH vs. KNCT
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 147.78% vs 71.61% for KNCT. Their 0.64 correlation means they have sometimes moved together and sometimes differently. ASMH charges 0.19%/yr vs 0.40%/yr for KNCT.
Performance
ASMH vs. KNCT - Performance Comparison
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Returns By Period
In the year-to-date period, ASMH achieves a 61.20% return, which is significantly higher than KNCT's 47.15% return.
ASMH
- 1D
- -1.83%
- 1M
- -8.02%
- 6M
- 29.69%
- YTD
- 61.20%
- 1Y
- 147.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 108.35%
KNCT
- 1D
- -0.63%
- 1M
- -3.36%
- 6M
- 40.62%
- YTD
- 47.15%
- 1Y
- 71.61%
- 3Y*
- 37.81%
- 5Y*
- 17.15%
- 10Y*
- 19.12%
- ALL TIME*
- 13.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $129.75K | $234.38K | $301.43K | |
| $792.51K | $634.75K | $836.37K |
ASMH vs. KNCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 61.20% | 59.22% |
KNCT Invesco Next Gen Connectivity ETF | 47.15% | 40.99% |
Correlation
The correlation between ASMH and KNCT is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025 | 0.64 |
The correlation between ASMH and KNCT has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
ASMH vs. KNCT — Risk / Return Rank
ASMH
KNCT
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.
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.
| ASMH | KNCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.42 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 3.81 | +3.10 |
| Martin ratioReturn relative to average drawdown | 24.31 | 14.81 | +9.50 |
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Drawdowns
ASMH vs. KNCT - Drawdown Comparison
The maximum ASMH drawdown since its inception was -21.52%, 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.
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Drawdown Indicators
| ASMH | KNCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.52% | -57.18% | +35.66% |
Max Drawdown (1Y)Largest decline over 1 year | -21.52% | -18.91% | -2.61% |
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 DrawdownCurrent decline from peak | -15.85% | -10.53% | -5.32% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -10.73% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 4.85% | +1.25% |
Volatility
ASMH vs. KNCT - Volatility Comparison
ASML Holding NV ADR Hedged ETF (ASMH) has a higher volatility of 12.96% compared to Invesco Next Gen Connectivity ETF (KNCT) at 11.04%. 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.
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Volatility by Period
| ASMH | KNCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.96% | 11.04% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 34.86% | 24.96% | +9.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.67% | 27.97% | +15.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.62% | 24.58% | +17.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.62% | 23.59% | +18.03% |
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 1.90%, more than KNCT's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 1.90% | 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 | 0.65% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
ASMH and KNCT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASMH has higher volatility (12.96%) compared to KNCT (11.04%). In terms of maximum drawdown, ASMH dropped -21.52% vs KNCT's -57.18%.
On 1-year performance, ASMH leads with 147.78% vs 71.61% for KNCT. On fees, ASMH is cheaper at 0.19% per year. On volatility, KNCT has been the lower-risk option at 11.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ASMH has performed better with a 147.78% return vs 71.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASMH is cheaper with a 0.19% expense ratio, compared with 0.40% for KNCT.
ASMH has the higher dividend yield at 1.90%, compared with 0.65% for KNCT.
ASMH tracks ASML Holding NV Sponsored ADR, while KNCT tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: Precidian and Invesco. Their fees differ too: 0.19% for ASMH and 0.40% for KNCT.
ASMH currently has the higher Sharpe Ratio (3.41 vs 2.58), 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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