KNCT vs. PXQ

Last updated Jun 4, 2026

KNCT (Invesco Next Gen Connectivity ETF) and PXQ (Invesco Next Gen Connectivity ETF) are both Technology Equities funds from Invesco tracking the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 10 years, KNCT returned 21.42%/yr vs 21.42%/yr for PXQ. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.40% expense ratio.

Performance

KNCT vs. PXQ - Performance Comparison

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

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with KNCT at 63.41% and PXQ at 63.41%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: KNCT at 21.42% and PXQ at 21.42%.

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%

PXQ

• 1D: -0.63%
• 1M: 26.38%
• YTD: 63.41%
• 6M: 62.53%
• 1Y: 99.38%
• 3Y*: 43.36%
• 5Y*: 21.73%
• 10Y*: 21.42%

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

KNCT vs. PXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KNCT Invesco Next Gen Connectivity ETF	63.41%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%
PXQ Invesco Next Gen Connectivity ETF	63.41%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%

Correlation

The correlation between KNCT and PXQ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 24, 2005	1.00

The correlation between KNCT and PXQ has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

KNCT vs. PXQ - Sectors Allocation Comparison

Sectors	KNCT	PXQ
Technology	80.8%	83.7%
Communication Services	14.0%	11.8%
Real Estate	4.1%	3.2%
Industrials	1.1%	0.9%
Financial Services	0.2%	0.2%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

KNCT vs. PXQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KNCT

KNCT Risk / Return Rank: 96
KNCT Sharpe Ratio Rank: 97
KNCT Sortino Ratio Rank: 96
KNCT Omega Ratio Rank: 95
KNCT Calmar Ratio Rank: 96
KNCT Martin Ratio Rank: 97

PXQ

PXQ Risk / Return Rank: 96
PXQ Sharpe Ratio Rank: 97
PXQ Sortino Ratio Rank: 96
PXQ Omega Ratio Rank: 95
PXQ Calmar Ratio Rank: 96
PXQ Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KNCT vs. PXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and Invesco Next Gen Connectivity ETF (PXQ). 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	PXQ	Difference
Sharpe ratio: Return per unit of total volatility	4.70	4.70	0.00
Sortino ratio: Return per unit of downside risk	5.72	5.72	0.00
Omega ratio: Gain probability vs. loss probability	1.76	1.76	0.00
Calmar ratio: Return relative to maximum drawdown	10.00	10.00	0.00
Martin ratio: Return relative to average drawdown	44.01	44.01	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNCT vs. PXQ - Sharpe Ratio Comparison

The current KNCT Sharpe Ratio is 4.70, which is comparable to the PXQ Sharpe Ratio of 4.70. The chart below compares the historical Sharpe Ratios of KNCT and PXQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KNCT	PXQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.70	4.70	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.94	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.94	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.58	0.00

Drawdowns

KNCT vs. PXQ - Drawdown Comparison

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

Drawdown Indicators

	KNCT	PXQ	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-57.18%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	-9.99%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-21.40%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	-34.55%	0.00%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	-34.55%	0.00%
Current Drawdown Current decline from peak	-0.63%	-0.63%	0.00%
Average Drawdown Average peak-to-trough decline	-10.74%	-10.74%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.27%	0.00%

Volatility

KNCT vs. PXQ - Volatility Comparison

Invesco Next Gen Connectivity ETF (KNCT) and Invesco Next Gen Connectivity ETF (PXQ) have volatilities of 9.19% and 9.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNCT	PXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	9.19%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	17.12%	17.12%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	21.28%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	23.19%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.97%	22.97%	0.00%

KNCT vs. PXQ - Expense Ratio Comparison

Both KNCT and PXQ have an expense ratio of 0.40%.

Dividends

KNCT vs. PXQ - Dividend Comparison

KNCT's dividend yield for the trailing twelve months is around 0.57%, which matches PXQ's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
PXQ 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

Can I hold both KNCT and PXQ in my portfolio?

With a correlation of 1.00, KNCT and PXQ 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.

Which is riskier, KNCT or PXQ?

PXQ has higher volatility (9.19%) compared to KNCT (9.19%). In terms of maximum drawdown, KNCT dropped -57.18% vs PXQ's -57.18%.

Which ETF is better, KNCT or PXQ?

On 10-year performance, PXQ leads with 21.42% vs 21.42% for KNCT. Both ETFs have the same 0.40% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KNCT or PXQ?

Over the 10-year period, PXQ has performed better with a 21.42% return vs 21.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNCT or PXQ?

KNCT and PXQ have the same expense ratio: 0.40% per year.

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

KNCT and PXQ have nearly identical dividend yields, around 0.57%.

What is the main difference between KNCT and PXQ?

Both ETFs track STOXX World AC NexGen Connectivity Index.

Which has better risk-adjusted returns?

PXQ currently has the higher Sharpe Ratio (4.70 vs 4.70), 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.