METW vs. KNCT

Last updated Jun 4, 2026

METW (Roundhill Meta Weeklypay ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - METW tracks the Ball Metaverse Index while KNCT tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. METW charges 0.59%/yr vs 0.40%/yr for KNCT.

Performance

METW vs. KNCT - Performance Comparison

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

Returns By Period

In the year-to-date period, METW achieves a -8.79% return, which is significantly lower than KNCT's 63.41% return.

METW

• 1D: 5.19%
• 1M: 2.24%
• YTD: -8.79%
• 6M: -5.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

METW vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-8.79%	-8.20%
KNCT Invesco Next Gen Connectivity ETF	63.41%	20.60%

Correlation

The correlation between METW and KNCT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.36

METW vs. KNCT - Sectors Allocation Comparison

Sectors	METW	KNCT
Communication Services	23.2%	14.0%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.2%
Healthcare	-	-
Industrials	-	1.1%
Real Estate	-	4.1%
Technology	-	80.8%
Utilities	-	-

Return for Risk

METW vs. KNCT — 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.

METW vs. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) and Invesco Next Gen Connectivity ETF (KNCT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	METW	KNCT	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	-0.40	0.58	-0.98

Drawdowns

METW vs. KNCT - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for METW and KNCT.

Drawdown Indicators

	METW	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-57.18%	+16.66%
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	-27.63%	-0.63%	-27.00%
Average Drawdown Average peak-to-trough decline	-17.31%	-10.74%	-6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.27%	—

Volatility

Volatility by Period

	METW	KNCT	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	42.57%	21.28%	+21.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.57%	23.19%	+19.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.57%	22.97%	+19.60%

METW vs. KNCT - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is higher than KNCT's 0.40% expense ratio.

Dividends

METW vs. KNCT - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 55.37%, more than KNCT'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%
METW Roundhill Meta Weeklypay ETF	55.37%	30.89%	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 METW and KNCT in my portfolio?

METW and KNCT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METW or KNCT?

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, METW or KNCT?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.59% for METW.

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

METW has the higher dividend yield at 55.37%, compared with 0.57% for KNCT.

What is the main difference between METW and KNCT?

METW tracks Ball Metaverse Index, while KNCT tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.59% for METW and 0.40% for KNCT.