KNCT vs. ASMH
KNCT (Invesco Next Gen Connectivity ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both Technology Equities funds - KNCT tracks the STOXX World AC NexGen Connectivity Index while ASMH tracks the ASML Holding NV Sponsored ADR. Both are passively managed. Over the past year, KNCT returned 99.38% vs 130.11% for ASMH. A 0.60 correlation means they provide meaningful diversification when combined. KNCT charges 0.40%/yr vs 0.19%/yr for ASMH.
Performance
KNCT vs. ASMH - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with KNCT having a 63.41% return and ASMH slightly higher at 63.99%.
KNCT
- 1D
- -0.63%
- 1M
- 26.38%
- YTD
- 63.41%
- 6M
- 62.53%
- 1Y
- 99.38%
- 3Y*
- 43.36%
- 5Y*
- 21.73%
- 10Y*
- 21.42%
ASMH
- 1D
- 1.53%
- 1M
- 25.24%
- YTD
- 63.99%
- 6M
- 53.18%
- 1Y
- 130.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KNCT vs. ASMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KNCT Invesco Next Gen Connectivity ETF | 63.41% | 37.99% |
ASMH ASML Holding NV ADR Hedged ETF | 63.99% | 58.84% |
Correlation
The correlation between KNCT and ASMH is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025 | 0.60 |
The correlation between KNCT and ASMH has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
KNCT vs. ASMH — Risk / Return Rank
KNCT
ASMH
KNCT vs. ASMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and ASML Holding NV ADR Hedged ETF (ASMH). 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.
| KNCT | ASMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.47 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 10.00 | 8.24 | +1.77 |
| Martin ratioReturn relative to average drawdown | 44.01 | 21.26 | +22.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KNCT | ASMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.70 | 3.36 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 3.59 | -3.01 |
Drawdowns
KNCT vs. ASMH - Drawdown Comparison
The maximum KNCT drawdown since its inception was -57.18%, which is greater than ASMH's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for KNCT and ASMH.
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Drawdown Indicators
| KNCT | ASMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -15.89% | -41.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -15.89% | +5.90% |
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 | -0.63% | 0.00% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -4.33% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 6.14% | -3.87% |
Volatility
KNCT vs. ASMH - Volatility Comparison
The current volatility for Invesco Next Gen Connectivity ETF (KNCT) is 9.19%, while ASML Holding NV ADR Hedged ETF (ASMH) has a volatility of 13.84%. This indicates that KNCT experiences smaller price fluctuations and is considered to be less risky than ASMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNCT | ASMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.19% | 13.84% | -4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 17.12% | 30.43% | -13.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 38.94% | -17.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 38.32% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.97% | 38.32% | -15.35% |
KNCT vs. ASMH - Expense Ratio Comparison
KNCT has a 0.40% expense ratio, which is higher than ASMH's 0.19% expense ratio.
Dividends
KNCT vs. ASMH - Dividend Comparison
KNCT's dividend yield for the trailing twelve months is around 0.57%, less than ASMH's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 0.99% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KNCT Invesco Next Gen Connectivity ETF | 0.57% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
KNCT and ASMH have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASMH has higher volatility (13.84%) compared to KNCT (9.19%). In terms of maximum drawdown, KNCT dropped -57.18% vs ASMH's -15.89%.
On 1-year performance, ASMH leads with 130.11% vs 99.38% for KNCT. On fees, ASMH is cheaper at 0.19% per year. On volatility, KNCT has been the lower-risk option at 9.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ASMH has performed better with a 130.11% return vs 99.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASMH is cheaper with a 0.19% expense ratio, compared with 0.40% for KNCT.
ASMH has the higher dividend yield at 0.99%, compared with 0.57% for KNCT.
KNCT tracks STOXX World AC NexGen Connectivity Index, while ASMH tracks ASML Holding NV Sponsored ADR. They also come from different issuers: Invesco and Precidian Funds. Their fees differ too: 0.40% for KNCT and 0.19% for ASMH.
KNCT currently has the higher Sharpe Ratio (4.70 vs 3.36), 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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