NBDS vs. KNCT

Last updated Jun 4, 2026

NBDS (Neuberger Berman Disrupters ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both Technology Equities funds. NBDS is actively managed, while KNCT is passively managed. Over the past 3 years, NBDS returned 23.07%/yr vs 43.36%/yr for KNCT. Their correlation of 0.83 suggests significant overlap in exposure. NBDS charges 0.55%/yr vs 0.40%/yr for KNCT.

Performance

NBDS vs. KNCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Disrupters ETF (NBDS) 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, NBDS achieves a 17.73% return, which is significantly lower than KNCT's 63.41% return.

NBDS

• 1D: -0.69%
• 1M: 16.39%
• YTD: 17.73%
• 6M: 15.50%
• 1Y: 33.80%
• 3Y*: 23.07%
• 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)

NBDS vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NBDS Neuberger Berman Disrupters ETF	17.73%	19.58%	17.97%	38.55%	-24.65%
KNCT Invesco Next Gen Connectivity ETF	63.41%	28.65%	19.41%	27.39%	-19.13%

Correlation

The correlation between NBDS and KNCT is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022	0.83

The correlation between NBDS and KNCT has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

NBDS vs. KNCT - Sectors Allocation Comparison

Sectors	NBDS	KNCT
Technology	65.4%	80.8%
Healthcare	9.1%	-
Consumer Cyclical	6.5%	-
Industrials	5.8%	1.1%
Financial Services	5.7%	0.2%
Communication Services	4.4%	14.0%
Utilities	3.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	4.1%

Return for Risk

NBDS vs. KNCT — Risk / Return Rank

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

NBDS

NBDS Risk / Return Rank: 34
NBDS Sharpe Ratio Rank: 39
NBDS Sortino Ratio Rank: 36
NBDS Omega Ratio Rank: 38
NBDS Calmar Ratio Rank: 29
NBDS Martin Ratio Rank: 27

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.

NBDS vs. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Disrupters ETF (NBDS) 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.

	NBDS	KNCT	Difference
Sharpe ratio Return per unit of total volatility	1.38	4.70	-3.31
Sortino ratio Return per unit of downside risk	1.90	5.72	-3.81
Omega ratio Gain probability vs. loss probability	1.24	1.76	-0.51
Calmar ratio Return relative to maximum drawdown	1.42	10.00	-8.59
Martin ratio Return relative to average drawdown	3.71	44.01	-40.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBDS vs. KNCT - Sharpe Ratio Comparison

The current NBDS Sharpe Ratio is 1.38, which is lower than the KNCT Sharpe Ratio of 4.70. The chart below compares the historical Sharpe Ratios of NBDS and KNCT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NBDS	KNCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	4.70	-3.31
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	0.52	0.58	-0.06

Drawdowns

NBDS vs. KNCT - Drawdown Comparison

The maximum NBDS drawdown since its inception was -29.81%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for NBDS and KNCT.

Drawdown Indicators

	NBDS	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-29.81%	-57.18%	+27.37%
Max Drawdown (1Y) Largest decline over 1 year	-23.96%	-9.99%	-13.97%
Max Drawdown (3Y) Largest decline over 3 years	-28.51%	-21.40%	-7.11%
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	-0.69%	-0.63%	-0.06%
Average Drawdown Average peak-to-trough decline	-9.52%	-10.74%	+1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	2.27%	+6.86%

Volatility

NBDS vs. KNCT - Volatility Comparison

Neuberger Berman Disrupters ETF (NBDS) and Invesco Next Gen Connectivity ETF (KNCT) have volatilities of 8.88% and 9.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBDS	KNCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	9.19%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	19.41%	17.12%	+2.29%
Volatility (1Y) Calculated over the trailing 1-year period	24.54%	21.28%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.64%	23.19%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.64%	22.97%	+4.67%

NBDS vs. KNCT - Expense Ratio Comparison

NBDS has a 0.55% expense ratio, which is higher than KNCT's 0.40% expense ratio.

Dividends

NBDS vs. KNCT - Dividend Comparison

NBDS's dividend yield for the trailing twelve months is around 0.32%, less 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%
NBDS Neuberger Berman Disrupters ETF	0.32%	0.38%	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 NBDS and KNCT in my portfolio?

NBDS and KNCT have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBDS or KNCT?

KNCT has higher volatility (9.19%) compared to NBDS (8.88%). In terms of maximum drawdown, NBDS dropped -29.81% vs KNCT's -57.18%.

Which ETF is better, NBDS or KNCT?

On 3-year performance, KNCT leads with 43.36% vs 23.07% for NBDS. On fees, KNCT is cheaper at 0.40% per year. On volatility, NBDS has been the lower-risk option at 8.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBDS or KNCT?

Over the 3-year period, KNCT has performed better with a 43.36% return vs 23.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBDS or KNCT?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.55% for NBDS.

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

KNCT has the higher dividend yield at 0.57%, compared with 0.32% for NBDS.

What is the main difference between NBDS and KNCT?

They also come from different issuers: Neuberger Berman and Invesco. Their fees differ too: 0.55% for NBDS and 0.40% for KNCT.

Which has better risk-adjusted returns?

KNCT currently has the higher Sharpe Ratio (4.70 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.