KNCT vs. BLOK

Last updated Aug 2, 2026

KNCT (Invesco Next Gen Connectivity ETF) and BLOK (Amplify Blockchain Technology ETF) are both exchange-traded funds - KNCT is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while BLOK is a Blockchain fund actively managed by Amplify. KNCT is passively managed, while BLOK is actively managed. Over the past 5 years, KNCT returned 16.31%/yr vs 10.22%/yr for BLOK. Their 0.66 correlation means they have sometimes moved together and sometimes differently. KNCT charges 0.40%/yr vs 0.70%/yr for BLOK.

Performance

KNCT vs. BLOK - Performance Comparison

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

Returns By Period

In the year-to-date period, KNCT achieves a 40.12% return, which is significantly higher than BLOK's 4.30% return.

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%

BLOK

• 1D: -1.22%
• 1M: -3.77%
• 6M: -0.08%
• YTD: 4.30%
• 1Y: 6.60%
• 3Y*: 35.59%
• 5Y*: 10.22%
• 10Y*: —
• ALL TIME*: 17.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLOK Amplify Blockchain Technology ETF	$12.12M	$10.76M	$19.14M
KNCT Invesco Next Gen Connectivity ETF	$741.37K	$822.66K	$837.91K

KNCT vs. BLOK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KNCT Invesco Next Gen Connectivity ETF	40.12%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	2.18%
BLOK Amplify Blockchain Technology ETF	4.30%	32.64%	53.12%	99.62%	-62.36%	30.76%	90.17%	29.54%	-25.38%

Correlation

The correlation between KNCT and BLOK is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018	0.66

The correlation between KNCT and BLOK has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

KNCT vs. BLOK - Sectors Allocation Comparison

Sectors	KNCT	BLOK
Technology	86.3%	36.8%
Communication Services	10.0%	3.8%
Real Estate	3.0%	0.0%
Industrials	0.7%	1.6%
Financial Services	0.2%	50.9%
Basic Materials	-	-
Consumer Cyclical	-	6.8%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

KNCT vs. BLOK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KNCT

KNCT Risk / Return Rank: 87
KNCT Sharpe Ratio Rank: 90
KNCT Sortino Ratio Rank: 85
KNCT Omega Ratio Rank: 86
KNCT Calmar Ratio Rank: 85
KNCT Martin Ratio Rank: 88

BLOK

BLOK Risk / Return Rank: 12
BLOK Sharpe Ratio Rank: 12
BLOK Sortino Ratio Rank: 13
BLOK Omega Ratio Rank: 13
BLOK Calmar Ratio Rank: 11
BLOK Martin Ratio Rank: 11

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. BLOK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and Amplify Blockchain Technology ETF (BLOK). 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	BLOK	Difference
Sharpe ratio: Return per unit of total volatility	2.27	0.03	+2.24
Sortino ratio: Return per unit of downside risk	2.82	0.32	+2.49
Omega ratio: Gain probability vs. loss probability	1.38	1.04	+0.34
Calmar ratio: Return relative to maximum drawdown	3.31	0.03	+3.28
Martin ratio: Return relative to average drawdown	13.33	0.07	+13.26

KNCT vs. BLOK - Sharpe Ratio Comparison

The current KNCT Sharpe Ratio is 2.27, which is higher than the BLOK Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of KNCT and BLOK, 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. BLOK - Drawdown Comparison

The maximum KNCT drawdown since its inception was -57.18%, smaller than the maximum BLOK drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for KNCT and BLOK.

Drawdown Indicators

	KNCT	BLOK	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-73.33%	+16.15%
Max Drawdown (1Y) Largest decline over 1 year	-18.91%	-35.64%	+16.73%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-35.64%	+14.24%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	-73.33%	+38.78%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	—	—
Current Drawdown Current decline from peak	-14.80%	-19.37%	+4.57%
Average Drawdown Average peak-to-trough decline	-10.73%	-25.87%	+15.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	17.28%	-12.60%

Volatility

KNCT vs. BLOK - Volatility Comparison

The current volatility for Invesco Next Gen Connectivity ETF (KNCT) is 11.26%, while Amplify Blockchain Technology ETF (BLOK) has a volatility of 13.31%. This indicates that KNCT experiences smaller price fluctuations and is considered to be less risky than BLOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNCT	BLOK	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	13.31%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	24.68%	30.77%	-6.09%
Volatility (1Y) Calculated over the trailing 1-year period	27.67%	40.21%	-12.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	42.50%	-18.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.55%	39.06%	-15.51%

KNCT vs. BLOK - Expense Ratio Comparison

KNCT has a 0.40% expense ratio, which is lower than BLOK's 0.70% expense ratio.

Dividends

KNCT vs. BLOK - Dividend Comparison

KNCT's dividend yield for the trailing twelve months is around 0.68%, less than BLOK's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BLOK Amplify Blockchain Technology ETF	0.82%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%	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

Can I hold both KNCT and BLOK in my portfolio?

KNCT and BLOK have a correlation of 0.67, 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 BLOK?

BLOK has higher volatility (13.31%) compared to KNCT (11.26%). In terms of maximum drawdown, KNCT dropped -57.18% vs BLOK's -73.33%.

Which ETF is better, KNCT or BLOK?

On 5-year performance, KNCT leads with 16.31% vs 10.22% for BLOK. 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.

Which ETF has performed better, KNCT or BLOK?

Over the 5-year period, KNCT has performed better with a 16.31% return vs 10.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNCT or BLOK?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.70% for BLOK.

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

BLOK has the higher dividend yield at 0.82%, compared with 0.68% for KNCT.

What is the main difference between KNCT and BLOK?

KNCT is categorized as Technology Equities, while BLOK is Blockchain. They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.40% for KNCT and 0.70% for BLOK.

Which has better risk-adjusted returns?

KNCT currently has the higher Sharpe Ratio (2.27 vs 0.03), 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.