JHAI vs. KNCT
JHAI (Janus Henderson Global Artificial Intelligence ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both exchange-traded funds - JHAI is a Artificial Intelligence fund actively managed by Janus Henderson, while KNCT is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index. JHAI is actively managed, while KNCT is passively managed. Their correlation of 0.89 means they have usually moved in the same direction. JHAI charges 0.59%/yr vs 0.40%/yr for KNCT.
Performance
JHAI vs. KNCT - Performance Comparison
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Returns By Period
In the year-to-date period, JHAI achieves a 18.74% return, which is significantly lower than KNCT's 40.12% return.
JHAI
- 1D
- 1.22%
- 1M
- -5.11%
- 6M
- 17.33%
- YTD
- 18.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KNCT
- 1D
- 0.08%
- 1M
- -4.96%
- 6M
- 31.73%
- YTD
- 40.12%
- 1Y
- 63.92%
- 3Y*
- 33.13%
- 5Y*
- 16.31%
- 10Y*
- 18.83%
- ALL TIME*
- 13.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $302.08K | $294.34K | $261.52K | |
| $741.37K | $822.66K | $837.91K |
JHAI vs. KNCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHAI Janus Henderson Global Artificial Intelligence ETF | 18.74% | 10.90% |
KNCT Invesco Next Gen Connectivity ETF | 40.12% | 14.03% |
Correlation
The correlation between JHAI and KNCT is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.89 |
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Return for Risk
JHAI vs. KNCT — Risk / Return Rank
JHAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KNCT
JHAI vs. KNCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Artificial Intelligence ETF (JHAI) 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.
| JHAI | KNCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.31 | — |
| Martin ratioReturn relative to average drawdown | — | 13.33 | — |
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Drawdowns
JHAI vs. KNCT - Drawdown Comparison
The maximum JHAI drawdown since its inception was -19.40%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for JHAI and KNCT.
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Drawdown Indicators
| JHAI | KNCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.40% | -57.18% | +37.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.91% | — |
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 | -12.49% | -14.80% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -10.73% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.68% | — |
Volatility
JHAI vs. KNCT - Volatility Comparison
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Volatility by Period
| JHAI | KNCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.35% | 27.67% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 24.48% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.35% | 23.55% | +6.80% |
JHAI vs. KNCT - Expense Ratio Comparison
JHAI has a 0.59% expense ratio, which is higher than KNCT's 0.40% expense ratio.
Dividends
JHAI vs. KNCT - Dividend Comparison
JHAI's dividend yield for the trailing twelve months is around 0.35%, less than KNCT's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JHAI Janus Henderson Global Artificial Intelligence ETF | 0.35% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KNCT Invesco Next Gen Connectivity ETF | 0.68% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
JHAI and KNCT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
KNCT is cheaper with a 0.40% expense ratio, compared with 0.59% for JHAI.
KNCT has the higher dividend yield at 0.68%, compared with 0.35% for JHAI.
JHAI is categorized as Artificial Intelligence, while KNCT is Technology Equities. They also come from different issuers: Janus Henderson and Invesco. Their fees differ too: 0.59% for JHAI and 0.40% for KNCT.
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