KNCT vs. AIFD

Last updated Jun 23, 2026

KNCT (Invesco Next Gen Connectivity ETF) and AIFD (TCW Artificial Intelligence ETF) are both Technology Equities funds. KNCT is passively managed, while AIFD is actively managed. Over the past year, KNCT returned 101.94% vs 90.92% for AIFD. Their correlation of 0.86 suggests significant overlap in exposure. KNCT charges 0.40%/yr vs 0.75%/yr for AIFD.

Performance

KNCT vs. AIFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (KNCT) and TCW Artificial Intelligence ETF (AIFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KNCT achieves a 62.92% return, which is significantly higher than AIFD's 46.82% return.

KNCT

• 1D: 1.16%
• 1M: 11.48%
• YTD: 62.92%
• 6M: 64.99%
• 1Y: 101.94%
• 3Y*: 43.56%
• 5Y*: 20.88%
• 10Y*: 21.78%

AIFD

• 1D: -0.04%
• 1M: 7.64%
• YTD: 46.82%
• 6M: 45.76%
• 1Y: 90.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KNCT vs. AIFD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KNCT Invesco Next Gen Connectivity ETF	62.92%	28.65%	17.23%
AIFD TCW Artificial Intelligence ETF	46.82%	28.30%	15.22%

Correlation

The correlation between KNCT and AIFD is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.86

The correlation between KNCT and AIFD has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

KNCT vs. AIFD - Sectors Allocation Comparison

Sectors	KNCT	AIFD
Technology	84.4%	73.2%
Communication Services	11.4%	11.0%
Real Estate	3.3%	-
Industrials	0.8%	9.8%
Financial Services	0.2%	-
Basic Materials	-	-
Consumer Cyclical	-	6.0%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

KNCT vs. AIFD — Risk / Return Rank

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

KNCT

KNCT Risk / Return Rank: 96
KNCT Sharpe Ratio Rank: 97
KNCT Sortino Ratio Rank: 94
KNCT Omega Ratio Rank: 95
KNCT Calmar Ratio Rank: 96
KNCT Martin Ratio Rank: 96

AIFD

AIFD Risk / Return Rank: 92
AIFD Sharpe Ratio Rank: 94
AIFD Sortino Ratio Rank: 87
AIFD Omega Ratio Rank: 87
AIFD Calmar Ratio Rank: 95
AIFD Martin Ratio Rank: 95

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.

KNCT vs. AIFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and TCW Artificial Intelligence ETF (AIFD). 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.

	KNCT	AIFD	Difference
Sharpe ratio: Return per unit of total volatility	4.18	3.35	+0.83
Sortino ratio: Return per unit of downside risk	4.76	3.76	+1.00
Omega ratio: Gain probability vs. loss probability	1.68	1.51	+0.17
Calmar ratio: Return relative to maximum drawdown	8.34	7.78	+0.56
Martin ratio: Return relative to average drawdown	36.40	29.05	+7.36

KNCT vs. AIFD - Sharpe Ratio Comparison

The current KNCT Sharpe Ratio is 4.18, which is comparable to the AIFD Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of KNCT and AIFD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KNCT vs. AIFD - Drawdown Comparison

The maximum KNCT drawdown since its inception was -57.18%, which is greater than AIFD's maximum drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for KNCT and AIFD.

Drawdown Indicators

	KNCT	AIFD	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-33.20%	-23.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.30%	-11.75%	-0.55%
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	-0.93%	-3.70%	+2.77%
Average Drawdown Average peak-to-trough decline	-10.73%	-5.73%	-5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	3.14%	-0.33%

Volatility

KNCT vs. AIFD - Volatility Comparison

Invesco Next Gen Connectivity ETF (KNCT) has a higher volatility of 14.46% compared to TCW Artificial Intelligence ETF (AIFD) at 12.42%. This indicates that KNCT's price experiences larger fluctuations and is considered to be riskier than AIFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNCT	AIFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	12.42%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	20.94%	21.57%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	24.55%	27.32%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.84%	29.81%	-5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.30%	29.81%	-6.51%

KNCT vs. AIFD - Expense Ratio Comparison

KNCT has a 0.40% expense ratio, which is lower than AIFD's 0.75% expense ratio.

Dividends

KNCT vs. AIFD - Dividend Comparison

KNCT's dividend yield for the trailing twelve months is around 0.75%, while AIFD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIFD TCW Artificial Intelligence 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	0.75%	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 KNCT and AIFD in my portfolio?

KNCT and AIFD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KNCT or AIFD?

KNCT has higher volatility (14.46%) compared to AIFD (12.42%). In terms of maximum drawdown, KNCT dropped -57.18% vs AIFD's -33.20%.

Which ETF is better, KNCT or AIFD?

On 1-year performance, KNCT leads with 101.94% vs 90.92% for AIFD. On fees, KNCT is cheaper at 0.40% per year. On volatility, AIFD has been the lower-risk option at 12.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KNCT or AIFD?

Over the 1-year period, KNCT has performed better with a 101.94% return vs 90.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNCT or AIFD?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.75% for AIFD.

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

KNCT has the higher dividend yield at 0.75%, compared with 0.00% for AIFD.

What is the main difference between KNCT and AIFD?

They also come from different issuers: Invesco and TCW. Their fees differ too: 0.40% for KNCT and 0.75% for AIFD.

Which has better risk-adjusted returns?

KNCT currently has the higher Sharpe Ratio (4.18 vs 3.35), 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.