KNCT vs. SPHQ
Compare and contrast key facts about Invesco Next Gen Connectivity ETF (KNCT) and Invesco S&P 500 Quality ETF (SPHQ).
KNCT and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KNCT is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Connectivity Index. It was launched on Jun 23, 2005. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005. Both KNCT and SPHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KNCT vs. SPHQ - Performance Comparison
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KNCT vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KNCT Invesco Next Gen Connectivity ETF | 5.86% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | 5.78% | 15.41% |
SPHQ Invesco S&P 500 Quality ETF | 1.46% | 13.25% | 25.44% | 24.83% | -15.76% | 28.03% | 17.36% | 33.64% | -7.10% | 19.10% |
Returns By Period
In the year-to-date period, KNCT achieves a 5.86% return, which is significantly higher than SPHQ's 1.46% return. Over the past 10 years, KNCT has outperformed SPHQ with an annualized return of 16.41%, while SPHQ has yielded a comparatively lower 13.63% annualized return.
KNCT
- 1D
- 2.12%
- 1M
- -4.06%
- YTD
- 5.86%
- 6M
- 10.12%
- 1Y
- 41.49%
- 3Y*
- 23.88%
- 5Y*
- 12.33%
- 10Y*
- 16.41%
SPHQ
- 1D
- 0.89%
- 1M
- -5.57%
- YTD
- 1.46%
- 6M
- 3.57%
- 1Y
- 16.02%
- 3Y*
- 18.54%
- 5Y*
- 12.70%
- 10Y*
- 13.63%
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KNCT vs. SPHQ - Expense Ratio Comparison
KNCT has a 0.40% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Return for Risk
KNCT vs. SPHQ — Risk / Return Rank
KNCT
SPHQ
KNCT vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and Invesco S&P 500 Quality ETF (SPHQ). 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 | SPHQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 0.94 | +0.85 |
Sortino ratioReturn per unit of downside risk | 2.50 | 1.44 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.26 | 1.45 | +1.81 |
Martin ratioReturn relative to average drawdown | 15.18 | 6.35 | +8.83 |
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 | SPHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.94 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.78 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.77 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.50 | -0.01 |
Correlation
The correlation between KNCT and SPHQ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
KNCT vs. SPHQ - Dividend Comparison
KNCT's dividend yield for the trailing twelve months is around 0.88%, less than SPHQ's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNCT Invesco Next Gen Connectivity ETF | 0.88% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% | 0.00% |
SPHQ Invesco S&P 500 Quality ETF | 1.18% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Drawdowns
KNCT vs. SPHQ - Drawdown Comparison
The maximum KNCT drawdown since its inception was -57.18%, roughly equal to the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for KNCT and SPHQ.
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Drawdown Indicators
| KNCT | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -57.83% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -10.84% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -25.04% | -9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -31.60% | -2.95% |
Current DrawdownCurrent decline from peak | -4.97% | -5.92% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -10.78% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.48% | +0.30% |
Volatility
KNCT vs. SPHQ - Volatility Comparison
Invesco Next Gen Connectivity ETF (KNCT) has a higher volatility of 8.36% compared to Invesco S&P 500 Quality ETF (SPHQ) at 5.32%. This indicates that KNCT's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNCT | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 5.32% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | 9.67% | +5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 17.13% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.87% | 16.40% | +6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.72% | 17.81% | +4.91% |