KNCT vs. GXPT
KNCT (Invesco Next Gen Connectivity ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - KNCT tracks the STOXX World AC NexGen Connectivity Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. Over the past year, KNCT returned 71.61% vs 35.00% for GXPT. Their correlation of 0.83 means they have usually moved in the same direction. KNCT charges 0.40%/yr vs 0.15%/yr for GXPT.
Performance
KNCT vs. GXPT - Performance Comparison
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Returns By Period
In the year-to-date period, KNCT achieves a 47.15% return, which is significantly higher than GXPT's 22.64% return.
KNCT
- 1D
- -0.63%
- 1M
- -3.36%
- 6M
- 40.62%
- YTD
- 47.15%
- 1Y
- 71.61%
- 3Y*
- 37.81%
- 5Y*
- 17.15%
- 10Y*
- 19.12%
- ALL TIME*
- 13.47%
GXPT
- 1D
- 0.18%
- 1M
- 4.48%
- 6M
- 29.91%
- YTD
- 22.64%
- 1Y
- 35.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.93M | $9.06M | $5.80M | |
| $792.51K | $634.75K | $836.37K |
KNCT vs. GXPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KNCT Invesco Next Gen Connectivity ETF | 47.15% | 14.34% |
GXPT Global X PureCap MSCI Information Technology ETF | 22.64% | 11.47% |
Correlation
The correlation between KNCT and GXPT is 0.83, 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. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.83 |
The correlation between KNCT and GXPT has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.
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Return for Risk
KNCT vs. GXPT — Risk / Return Rank
KNCT
GXPT
KNCT vs. GXPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and Global X PureCap MSCI Information Technology ETF (GXPT). 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 | GXPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 1.88 | +1.93 |
| Martin ratioReturn relative to average drawdown | 14.81 | 4.92 | +9.89 |
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Drawdowns
KNCT vs. GXPT - Drawdown Comparison
The maximum KNCT drawdown since its inception was -57.18%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for KNCT and GXPT.
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Drawdown Indicators
| KNCT | GXPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -18.74% | -38.44% |
Max Drawdown (1Y)Largest decline over 1 year | -18.91% | -18.74% | -0.17% |
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 | -10.53% | -4.20% | -6.33% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -5.45% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 7.14% | -2.29% |
Volatility
KNCT vs. GXPT - Volatility Comparison
Invesco Next Gen Connectivity ETF (KNCT) has a higher volatility of 11.04% compared to Global X PureCap MSCI Information Technology ETF (GXPT) at 8.44%. This indicates that KNCT's price experiences larger fluctuations and is considered to be riskier than GXPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNCT | GXPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.04% | 8.44% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 24.96% | 19.54% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.97% | 23.74% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 23.52% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.59% | 23.52% | +0.07% |
KNCT vs. GXPT - Expense Ratio Comparison
KNCT has a 0.40% expense ratio, which is higher than GXPT's 0.15% expense ratio.
Dividends
KNCT vs. GXPT - Dividend Comparison
KNCT's dividend yield for the trailing twelve months is around 0.65%, more than GXPT's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 0.21% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KNCT Invesco Next Gen Connectivity ETF | 0.65% | 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 GXPT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNCT has higher volatility (11.04%) compared to GXPT (8.44%). In terms of maximum drawdown, KNCT dropped -57.18% vs GXPT's -18.74%.
On 1-year performance, KNCT leads with 71.61% vs 35.00% for GXPT. On fees, GXPT is cheaper at 0.15% per year. On volatility, GXPT has been the lower-risk option at 8.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KNCT has performed better with a 71.61% return vs 35.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXPT is cheaper with a 0.15% expense ratio, compared with 0.40% for KNCT.
KNCT has the higher dividend yield at 0.65%, compared with 0.21% for GXPT.
KNCT tracks STOXX World AC NexGen Connectivity Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.40% for KNCT and 0.15% for GXPT.
KNCT currently has the higher Sharpe Ratio (2.58 vs 1.48), 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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