KNCT vs. XLKI

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Next Gen Connectivity ETF (KNCT) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI).

KNCT and XLKI 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. XLKI is an actively managed fund by State Street. It was launched on Jul 29, 2025.

Performance

KNCT vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (KNCT) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). The values are adjusted to include any dividend payments, if applicable.

KNCT vs. XLKI - Yearly Performance Comparison

	2026 (YTD)	2025
KNCT Invesco Next Gen Connectivity ETF	5.86%	14.07%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	-1.78%	10.07%

Returns By Period

In the year-to-date period, KNCT achieves a 5.86% return, which is significantly higher than XLKI's -1.78% 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%

XLKI

• 1D: 1.47%
• 1M: -1.40%
• YTD: -1.78%
• 6M: 1.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KNCT vs. XLKI - Expense Ratio Comparison

KNCT has a 0.40% expense ratio, which is higher than XLKI's 0.35% expense ratio.

KNCT

Invesco Next Gen Connectivity ETF

XLKI

State Street Technology Select Sector SPDR Premium Income ETF

Return for Risk

KNCT vs. XLKI — Risk / Return Rank

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

KNCT

KNCT Risk / Return Rank: 88
KNCT Sharpe Ratio Rank: 84
KNCT Sortino Ratio Rank: 87
KNCT Omega Ratio Rank: 84
KNCT Calmar Ratio Rank: 89
KNCT Martin Ratio Rank: 93

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. XLKI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (KNCT) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). 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	XLKI	Difference
Sharpe ratio Return per unit of total volatility	1.79	—	—
Sortino ratio Return per unit of downside risk	2.50	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	3.26	—	—
Martin ratio Return relative to average drawdown	15.18	—	—
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	XLKI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.72	-0.23

Correlation

The correlation between KNCT and XLKI is 0.84, 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. XLKI - Dividend Comparison

KNCT's dividend yield for the trailing twelve months is around 0.88%, less than XLKI's 13.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	13.18%	8.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

KNCT vs. XLKI - Drawdown Comparison

The maximum KNCT drawdown since its inception was -57.18%, which is greater than XLKI's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for KNCT and XLKI.

Drawdown Indicators

	KNCT	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-10.24%	-46.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.94%	—	—
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	-4.97%	-5.19%	+0.22%
Average Drawdown Average peak-to-trough decline	-10.82%	-1.91%	-8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	—	—

Volatility

Volatility by Period

	KNCT	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.35%	17.26%	+6.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.87%	17.26%	+5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	17.26%	+5.46%