KNCT vs. AIPO

Last updated Jun 24, 2026

KNCT (Invesco Next Gen Connectivity ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - KNCT is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. KNCT charges 0.40%/yr vs 0.69%/yr for AIPO.

Performance

KNCT vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (KNCT) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KNCT achieves a 54.15% return, which is significantly higher than AIPO's 49.55% return.

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%

AIPO

• 1D: -4.86%
• 1M: 2.22%
• YTD: 49.55%
• 6M: 45.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KNCT vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
KNCT Invesco Next Gen Connectivity ETF	54.15%	13.70%
AIPO Defiance AI & Power Infrastructure ETF	49.55%	9.46%

Correlation

The correlation between KNCT and AIPO is 0.72, 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 Jul 25, 2025	0.72

KNCT vs. AIPO - Sectors Allocation Comparison

Sectors	KNCT	AIPO
Technology	84.4%	18.9%
Communication Services	11.4%	0.8%
Real Estate	3.3%	1.0%
Industrials	0.8%	46.4%
Financial Services	0.2%	5.3%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	6.1%
Healthcare	-	-
Utilities	-	21.2%

Return for Risk

KNCT vs. AIPO — Risk / Return Rank

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

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

AIPO

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

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. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and Defiance AI & Power Infrastructure ETF (AIPO). 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	AIPO	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

KNCT vs. AIPO - Drawdown Comparison

The maximum KNCT drawdown since its inception was -57.18%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for KNCT and AIPO.

Drawdown Indicators

	KNCT	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-17.31%	-39.87%
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	-6.27%	-4.86%	-1.41%
Average Drawdown Average peak-to-trough decline	-10.73%	-4.44%	-6.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	—	—

Volatility

Volatility by Period

	KNCT	AIPO	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	25.15%	35.59%	-10.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.96%	35.59%	-11.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.33%	35.59%	-12.26%

KNCT vs. AIPO - Expense Ratio Comparison

KNCT has a 0.40% expense ratio, which is lower than AIPO's 0.69% expense ratio.

Dividends

KNCT vs. AIPO - Dividend Comparison

KNCT's dividend yield for the trailing twelve months is around 0.62%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	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 KNCT and AIPO in my portfolio?

KNCT and AIPO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KNCT or AIPO?

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, KNCT or AIPO?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.69% for AIPO.

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

KNCT has the higher dividend yield at 0.62%, compared with 0.01% for AIPO.

What is the main difference between KNCT and AIPO?

KNCT is categorized as Technology Equities, while AIPO is Building & Construction. KNCT tracks STOXX World AC NexGen Connectivity Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: Invesco and Defiance. Their fees differ too: 0.40% for KNCT and 0.69% for AIPO.