EPAI vs. KNCT

Last updated Jun 24, 2026

EPAI (Harbor AI Inflection Strategy ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both Technology Equities funds. EPAI is actively managed, while KNCT is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. EPAI charges 0.88%/yr vs 0.40%/yr for KNCT.

Performance

EPAI vs. KNCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AI Inflection Strategy ETF (EPAI) 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, EPAI achieves a 48.89% return, which is significantly lower than KNCT's 54.15% return.

EPAI

• 1D: -4.72%
• 1M: 7.32%
• YTD: 48.89%
• 6M: 46.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KNCT

• 1D: -5.38%
• 1M: 5.48%
• YTD: 54.15%
• 6M: 54.94%
• 1Y: 84.85%
• 3Y*: 40.93%
• 5Y*: 19.32%
• 10Y*: 21.11%

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

EPAI vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025
EPAI Harbor AI Inflection Strategy ETF	48.89%	-0.33%
KNCT Invesco Next Gen Connectivity ETF	54.15%	4.31%

Correlation

The correlation between EPAI and KNCT is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.79

Return for Risk

EPAI vs. KNCT — Risk / Return Rank

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

EPAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KNCT

KNCT Risk / Return Rank: 93
KNCT Sharpe Ratio Rank: 95
KNCT Sortino Ratio Rank: 90
KNCT Omega Ratio Rank: 92
KNCT Calmar Ratio Rank: 94
KNCT Martin Ratio Rank: 96

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.

EPAI vs. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AI Inflection Strategy ETF (EPAI) 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.

	EPAI	KNCT	Difference
Sharpe ratio: Return per unit of total volatility	—	3.42	—
Sortino ratio: Return per unit of downside risk	—	3.96	—
Omega ratio: Gain probability vs. loss probability	—	1.57	—
Calmar ratio: Return relative to maximum drawdown	—	6.94	—
Martin ratio: Return relative to average drawdown	—	30.00	—

Drawdowns

EPAI vs. KNCT - Drawdown Comparison

The maximum EPAI drawdown since its inception was -12.31%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for EPAI and KNCT.

Drawdown Indicators

	EPAI	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-12.31%	-57.18%	+44.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.30%	—
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	-4.72%	-6.27%	+1.55%
Average Drawdown Average peak-to-trough decline	-2.65%	-10.73%	+8.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.84%	—

Volatility

Volatility by Period

	EPAI	KNCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.26%	25.15%	+8.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.26%	23.96%	+9.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.26%	23.33%	+9.93%

EPAI vs. KNCT - Expense Ratio Comparison

EPAI has a 0.88% expense ratio, which is higher than KNCT's 0.40% expense ratio.

Dividends

EPAI vs. KNCT - Dividend Comparison

EPAI has not paid dividends to shareholders, while KNCT's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EPAI Harbor AI Inflection Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KNCT Invesco Next Gen Connectivity ETF	0.62%	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 EPAI and KNCT in my portfolio?

EPAI and KNCT have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EPAI or KNCT?

On fees, KNCT is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPAI or KNCT?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.88% for EPAI.

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

KNCT has the higher dividend yield at 0.62%, compared with 0.00% for EPAI.

What is the main difference between EPAI and KNCT?

They also come from different issuers: Harbor and Invesco. Their fees differ too: 0.88% for EPAI and 0.40% for KNCT.