KNCT vs. TSXU

Last updated Jun 4, 2026

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 0.81 suggests significant overlap in exposure. KNCT charges 0.40%/yr vs 1.05%/yr for TSXU.

Performance

KNCT vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (KNCT) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KNCT achieves a 63.41% return, which is significantly lower than TSXU's 144.17% return.

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%

TSXU

• 1D: 5.69%
• 1M: 70.75%
• YTD: 144.17%
• 6M: 129.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KNCT vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
KNCT Invesco Next Gen Connectivity ETF	63.41%	4.02%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	144.17%	13.59%

Correlation

The correlation between KNCT and TSXU is 0.81, 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 2, 2025	0.81

Return for Risk

KNCT vs. TSXU — 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

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. 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.

	KNCT	TSXU	Difference
Sharpe ratio Return per unit of total volatility	4.70	—	—
Sortino ratio Return per unit of downside risk	5.72	—	—
Omega ratio Gain probability vs. loss probability	1.76	—	—
Calmar ratio Return relative to maximum drawdown	10.00	—	—
Martin ratio Return relative to average drawdown	44.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KNCT	TSXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.70	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	4.66	-4.08

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.

Drawdown Indicators

	KNCT	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-35.62%	-21.56%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	—	—
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 Drawdown Current decline from peak	-0.63%	0.00%	-0.63%
Average Drawdown Average peak-to-trough decline	-10.74%	-10.61%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	—	—

Volatility

Volatility by Period

	KNCT	TSXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	78.89%	-57.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	78.89%	-55.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.97%	78.89%	-55.92%

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 0.57%, less than TSXU's 1.19% 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%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.19%	2.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KNCT and TSXU in my portfolio?

KNCT and TSXU have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KNCT or TSXU?

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.

Which ETF is cheaper, KNCT or TSXU?

KNCT is cheaper with a 0.40% expense ratio, compared with 1.05% for TSXU.

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

TSXU has the higher dividend yield at 1.19%, compared with 0.57% for KNCT.

What is the main difference between KNCT and TSXU?

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.