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KNCT vs. KROP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KNCT vs. KROP

Last updated Aug 2, 2026
Documentation

KNCT (Invesco Next Gen Connectivity ETF) and KROP (Global X AgTech & Food Innovation ETF) are both Technology Equities funds - KNCT tracks the STOXX World AC NexGen Connectivity Index while KROP tracks the Solactive AgTech & Food Innovation Index. Both are passively managed. Over the past 5 years, KNCT returned 16.31%/yr vs -11.94%/yr for KROP. Their 0.49 correlation means their historical movements had little consistent relationship. KNCT charges 0.40%/yr vs 0.50%/yr for KROP.

Performance

KNCT vs. KROP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (KNCT) and Global X AgTech & Food Innovation ETF (KROP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KNCT achieves a 40.12% return, which is significantly higher than KROP's 15.26% 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%

KROP

1D
-2.98%
1M
-1.46%
6M
5.53%
YTD
15.26%
1Y
11.47%
3Y*
-0.82%
5Y*
-11.94%
10Y*
—
ALL TIME*
-12.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

KNCT

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

KROP

Global X AgTech & Food Innovation ETF
$47.93K$48.91K$92.86K

KNCT vs. KROP - Yearly Performance Comparison

2026 (YTD)20252024202320222021
KNCT
Invesco Next Gen Connectivity ETF		40.12%28.65%19.41%27.39%-29.54%12.71%
KROP
Global X AgTech & Food Innovation ETF		15.26%7.95%-8.74%-23.86%-27.23%-19.99%

Correlation

The correlation between KNCT and KROP is 0.23, which is low. Their historical price movements had little consistent relationship.

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

0.23

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

0.34

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

0.48

Correlation (All Time)
Calculated using the full available price history since Jul 14, 2021

0.49

Over the past year, the correlation between KNCT and KROP has dropped to 0.23 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

KNCT vs. KROP - Sectors Allocation Comparison

Sectors
KNCT
KROP

Technology

86.3%

-

Communication Services

10.0%

-

Real Estate

3.0%

-

Industrials

0.7%
40.7%

Financial Services

0.2%

-

Basic Materials

-

29.3%

Consumer Cyclical

-

0.3%

Consumer Defensive

-

24.3%

Energy

-

-

Healthcare

-

5.4%

Utilities

-

-

Technology

KNCT
86.3%
KROP

-

Communication Services

KNCT
10.0%
KROP

-

Real Estate

KNCT
3.0%
KROP

-

Industrials

KNCT
0.7%
KROP
40.7%

Financial Services

KNCT
0.2%
KROP

-

Basic Materials

KNCT

-

KROP
29.3%

Consumer Cyclical

KNCT

-

KROP
0.3%

Consumer Defensive

KNCT

-

KROP
24.3%

Energy

KNCT

-

KROP

-

Healthcare

KNCT

-

KROP
5.4%

Utilities

KNCT

-

KROP

-

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

Global X AgTech & Food Innovation ETF

Often compared with KNCT:
KNCT vs. CRTCKNCT vs. IDGTKNCT vs. KOIDKNCT vs. VGTKNCT vs. TEKYKNCT vs. AIFDKNCT vs. ARTY
Often compared with KROP:
KROP vs. MOOKROP vs. TSNKROP vs. COMKROP vs. DBAKROP vs. VGTKROP vs. CFKROP vs. VTI

Return for Risk

KNCT vs. KROP — 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
KROP
KROP Risk / Return Rank: 2828
Overall Rank
KROP Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
KROP Sortino Ratio Rank: 2626
Sortino Ratio Rank
KROP Omega Ratio Rank: 2626
Omega Ratio Rank
KROP Calmar Ratio Rank: 3232
Calmar Ratio Rank
KROP Martin Ratio Rank: 2727
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. KROP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and Global X AgTech & Food Innovation ETF (KROP). 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.

KNCTKROPDifference
Sharpe ratioReturn per unit of total volatility
2.27
0.63

+1.64

Sortino ratioReturn per unit of downside risk
2.82
0.99

+1.83

Omega ratioGain probability vs. loss probability

1.38

1.12

+0.26

Calmar ratioReturn relative to maximum drawdown

3.31

1.08

+2.23

Martin ratioReturn relative to average drawdown

13.33

2.25

+11.09

KNCT vs. KROP - Sharpe Ratio Comparison

The current KNCT Sharpe Ratio is 2.27, which is higher than the KROP Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of KNCT and KROP, 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. KROP - Drawdown Comparison

The maximum KNCT drawdown since its inception was -57.18%, smaller than the maximum KROP drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for KNCT and KROP.

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Drawdown Indicators

KNCTKROPDifference

Max Drawdown

Largest peak-to-trough decline

-57.18%

-62.08%

+4.90%

Max Drawdown (1Y)

Largest decline over 1 year

-18.91%

-9.67%

-9.24%

Max Drawdown (3Y)

Largest decline over 3 years

-21.40%

-25.19%

+3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-34.55%

-61.96%

+27.41%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

—

—

Current Drawdown

Current decline from peak

-14.80%

-49.67%

+34.87%

Average Drawdown

Average peak-to-trough decline

-10.73%

-44.80%

+34.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.68%

4.62%

+0.06%

Volatility

KNCT vs. KROP - Volatility Comparison

Invesco Next Gen Connectivity ETF (KNCT) has a higher volatility of 11.26% compared to Global X AgTech & Food Innovation ETF (KROP) at 4.81%. This indicates that KNCT's price experiences larger fluctuations and is considered to be riskier than KROP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KNCTKROPDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.26%

4.81%

+6.45%

Volatility (6M)

Calculated over the trailing 6-month period

24.68%

12.77%

+11.91%

Volatility (1Y)

Calculated over the trailing 1-year period

27.67%

16.50%

+11.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.48%

22.13%

+2.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.55%

22.12%

+1.43%

KNCT vs. KROP - Expense Ratio Comparison

KNCT has a 0.40% expense ratio, which is lower than KROP's 0.50% expense ratio.

Dividends

KNCT vs. KROP - Dividend Comparison

KNCT's dividend yield for the trailing twelve months is around 0.68%, less than KROP's 2.14% yield.

PositionTTM2025202420232022202120202019201820172016
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%
KROP
Global X AgTech & Food Innovation ETF		2.14%2.73%1.89%1.36%0.71%0.69%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

KNCT and KROP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KNCT has higher volatility (11.26%) compared to KROP (4.81%). In terms of maximum drawdown, KNCT dropped -57.18% vs KROP's -62.08%.

On 5-year performance, KNCT leads with 16.31% vs -11.94% for KROP. On fees, KNCT is cheaper at 0.40% per year. On volatility, KROP has been the lower-risk option at 4.81%. 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 -11.94%. 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 0.50% for KROP.

KROP has the higher dividend yield at 2.14%, compared with 0.68% for KNCT.

KNCT tracks STOXX World AC NexGen Connectivity Index, while KROP tracks Solactive AgTech & Food Innovation Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.40% for KNCT and 0.50% for KROP.

KNCT currently has the higher Sharpe Ratio (2.27 vs 0.63), 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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