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KNCT vs. ARTY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KNCT vs. ARTY

Last updated Aug 2, 2026
Documentation

KNCT (Invesco Next Gen Connectivity ETF) and ARTY (iShares Future AI & Tech ETF) are both exchange-traded funds - KNCT is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while ARTY is a Artificial Intelligence fund tracking the Morningstar Global Artificial Intelligence Select Index (Net). Both are passively managed. Over the past 5 years, KNCT returned 16.31%/yr vs 9.92%/yr for ARTY. Their correlation of 0.84 means they have usually moved in the same direction. KNCT charges 0.40%/yr vs 0.47%/yr for ARTY.

Performance

KNCT vs. ARTY - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with KNCT having a 40.12% return and ARTY slightly lower at 38.42%.

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%

ARTY

1D
0.60%
1M
-6.25%
6M
29.47%
YTD
38.42%
1Y
57.81%
3Y*
25.12%
5Y*
9.92%
10Y*
—
ALL TIME*
14.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ARTY

iShares Future AI & Tech ETF
$36.04M$40.00M$59.74M

KNCT

Invesco Next Gen Connectivity ETF
$741.37K$822.66K$837.91K

KNCT vs. ARTY - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
KNCT
Invesco Next Gen Connectivity ETF		40.12%28.65%19.41%27.39%-29.54%21.83%39.14%26.35%-5.71%
ARTY
iShares Future AI & Tech ETF		38.42%29.97%8.02%36.37%-37.89%6.32%48.85%34.47%-13.76%

Correlation

The correlation between KNCT and ARTY is 0.90, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.90

Correlation (3Y)
Balances recent behavior with more history.

0.86

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.85

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2018

0.84

The correlation between KNCT and ARTY has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

KNCT vs. ARTY - Sectors Allocation Comparison

Sectors
KNCT
ARTY

Technology

86.3%
87.8%

Communication Services

10.0%
3.0%

Real Estate

3.0%
1.4%

Industrials

0.7%
5.3%

Financial Services

0.2%
0.7%

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

0.9%

Utilities

-

1.6%

Technology

KNCT
86.3%
ARTY
87.8%

Communication Services

KNCT
10.0%
ARTY
3.0%

Real Estate

KNCT
3.0%
ARTY
1.4%

Industrials

KNCT
0.7%
ARTY
5.3%

Financial Services

KNCT
0.2%
ARTY
0.7%

Basic Materials

KNCT

-

ARTY

-

Consumer Cyclical

KNCT

-

ARTY

-

Consumer Defensive

KNCT

-

ARTY

-

Energy

KNCT

-

ARTY

-

Healthcare

KNCT

-

ARTY
0.9%

Utilities

KNCT

-

ARTY
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Next Gen Connectivity ETF

iShares Future AI & Tech ETF

Often compared with KNCT:
KNCT vs. CRTCKNCT vs. IDGTKNCT vs. KOIDKNCT vs. VGTKNCT vs. TEKYKNCT vs. AIFDKNCT vs. AOTG
Often compared with ARTY:
ARTY vs. BOTZARTY vs. QQQARTY vs. ARKQARTY vs. AIQARTY vs. BAIARTY vs. SPYARTY vs. IETC

Return for Risk

KNCT vs. ARTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KNCT
KNCT Risk / Return Rank: 8787
Overall Rank
KNCT Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
KNCT Sortino Ratio Rank: 8585
Sortino Ratio Rank
KNCT Omega Ratio Rank: 8686
Omega Ratio Rank
KNCT Calmar Ratio Rank: 8585
Calmar Ratio Rank
KNCT Martin Ratio Rank: 8888
Martin Ratio Rank
ARTY
ARTY Risk / Return Rank: 6060
Overall Rank
ARTY Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
ARTY Sortino Ratio Rank: 5656
Sortino Ratio Rank
ARTY Omega Ratio Rank: 5757
Omega Ratio Rank
ARTY Calmar Ratio Rank: 6565
Calmar Ratio Rank
ARTY Martin Ratio Rank: 6161
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KNCT vs. ARTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and iShares Future AI & Tech ETF (ARTY). 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.

KNCTARTYDifference
Sharpe ratioReturn per unit of total volatility
2.27
1.44

+0.83

Sortino ratioReturn per unit of downside risk
2.82
1.93

+0.89

Omega ratioGain probability vs. loss probability

1.38

1.25

+0.13

Calmar ratioReturn relative to maximum drawdown

3.31

2.24

+1.07

Martin ratioReturn relative to average drawdown

13.33

7.25

+6.09

KNCT vs. ARTY - Sharpe Ratio Comparison

The current KNCT Sharpe Ratio is 2.27, which is higher than the ARTY Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of KNCT and ARTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KNCT vs. ARTY - Drawdown Comparison

The maximum KNCT drawdown since its inception was -57.18%, roughly equal to the maximum ARTY drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for KNCT and ARTY.

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Drawdown Indicators

KNCTARTYDifference

Max Drawdown

Largest peak-to-trough decline

-57.18%

-54.50%

-2.68%

Max Drawdown (1Y)

Largest decline over 1 year

-18.91%

-24.00%

+5.09%

Max Drawdown (3Y)

Largest decline over 3 years

-21.40%

-32.44%

+11.04%

Max Drawdown (5Y)

Largest decline over 5 years

-34.55%

-50.53%

+15.98%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

—

—

Current Drawdown

Current decline from peak

-14.80%

-17.41%

+2.61%

Average Drawdown

Average peak-to-trough decline

-10.73%

-19.68%

+8.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.68%

7.42%

-2.74%

Volatility

KNCT vs. ARTY - Volatility Comparison

The current volatility for Invesco Next Gen Connectivity ETF (KNCT) is 11.26%, while iShares Future AI & Tech ETF (ARTY) has a volatility of 14.17%. This indicates that KNCT experiences smaller price fluctuations and is considered to be less risky than ARTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KNCTARTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.26%

14.17%

-2.91%

Volatility (6M)

Calculated over the trailing 6-month period

24.68%

33.16%

-8.48%

Volatility (1Y)

Calculated over the trailing 1-year period

27.67%

37.34%

-9.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.48%

30.29%

-5.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.55%

28.64%

-5.09%

KNCT vs. ARTY - Expense Ratio Comparison

KNCT has a 0.40% expense ratio, which is lower than ARTY's 0.47% expense ratio.

Dividends

KNCT vs. ARTY - Dividend Comparison

KNCT's dividend yield for the trailing twelve months is around 0.68%, more than ARTY's 0.07% yield.

PositionTTM2025202420232022202120202019201820172016
ARTY
iShares Future AI & Tech ETF		0.07%0.00%0.50%0.88%0.75%2.41%0.53%0.69%0.34%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

With a correlation of 0.90, KNCT and ARTY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

ARTY has higher volatility (14.17%) compared to KNCT (11.26%). In terms of maximum drawdown, KNCT dropped -57.18% vs ARTY's -54.50%.

On 5-year performance, KNCT leads with 16.31% vs 9.92% for ARTY. On fees, KNCT is cheaper at 0.40% per year. On volatility, KNCT has been the lower-risk option at 11.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KNCT has performed better with a 16.31% return vs 9.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KNCT is cheaper with a 0.40% expense ratio, compared with 0.47% for ARTY.

KNCT has the higher dividend yield at 0.68%, compared with 0.07% for ARTY.

KNCT is categorized as Technology Equities, while ARTY is Artificial Intelligence. KNCT tracks STOXX World AC NexGen Connectivity Index, while ARTY tracks Morningstar Global Artificial Intelligence Select Index (Net). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for KNCT and 0.47% for ARTY.

KNCT currently has the higher Sharpe Ratio (2.27 vs 1.44), 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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