KNCT vs. TSXU
KNCT (Invesco Next Gen Connectivity ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - KNCT is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). Both are passively managed. Their correlation of 0.83 suggests significant overlap in exposure. KNCT charges 0.40%/yr vs 1.05%/yr for TSXU.
Performance
KNCT vs. TSXU - Performance Comparison
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Returns By Period
In the year-to-date period, KNCT achieves a 54.15% return, which is significantly lower than TSXU's 113.38% return.
KNCT
- 1D
- -5.38%
- 1M
- 5.48%
- YTD
- 54.15%
- 6M
- 54.94%
- 1Y
- 84.85%
- 3Y*
- 40.93%
- 5Y*
- 19.32%
- 10Y*
- 21.11%
TSXU
- 1D
- -13.73%
- 1M
- 19.65%
- YTD
- 113.38%
- 6M
- 118.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KNCT vs. TSXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KNCT Invesco Next Gen Connectivity ETF | 54.15% | 5.73% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 113.38% | 37.96% |
Correlation
The correlation between KNCT and TSXU is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.83 |
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Return for Risk
KNCT vs. TSXU — Risk / Return Rank
KNCT
TSXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KNCT vs. TSXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). 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 | TSXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.94 | — | — |
| Martin ratioReturn relative to average drawdown | 30.00 | — | — |
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Drawdowns
KNCT vs. TSXU - Drawdown Comparison
The maximum KNCT drawdown since its inception was -57.18%, which is greater than TSXU's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for KNCT and TSXU.
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Drawdown Indicators
| KNCT | TSXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -35.62% | -21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | — | — |
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 | -6.27% | -13.73% | +7.46% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -10.67% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | — | — |
Volatility
KNCT vs. TSXU - Volatility Comparison
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Volatility by Period
| KNCT | TSXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.15% | 89.70% | -64.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 89.70% | -65.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.33% | 89.70% | -66.37% |
KNCT vs. TSXU - Expense Ratio Comparison
KNCT has a 0.40% expense ratio, which is lower than TSXU's 1.05% expense ratio.
Dividends
KNCT vs. TSXU - Dividend Comparison
KNCT's dividend yield for the trailing twelve months is around 0.62%, less than TSXU's 1.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
KNCT Invesco Next Gen Connectivity ETF | 0.62% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares | 1.36% | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KNCT and TSXU 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.
On fees, KNCT is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KNCT is cheaper with a 0.40% expense ratio, compared with 1.05% for TSXU.
TSXU has the higher dividend yield at 1.36%, compared with 0.62% for KNCT.
KNCT is categorized as Technology Equities, while TSXU is Leveraged Equities. KNCT tracks STOXX World AC NexGen Connectivity Index, while TSXU tracks Solactive Semiconductor Top 5 Index (2x). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.40% for KNCT and 1.05% for TSXU.
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