PTF vs. KNCT

Last updated Jun 14, 2026

PTF (Invesco DWA Technology Momentum ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the DWA Technology Technical Leaders Index, while KNCT is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 10 years, PTF returned 26.39%/yr vs 20.79%/yr for KNCT. Their correlation of 0.80 suggests significant overlap in exposure. PTF charges 0.60%/yr vs 0.40%/yr for KNCT.

Performance

PTF vs. KNCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) 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, PTF achieves a 69.64% return, which is significantly higher than KNCT's 52.62% return. Over the past 10 years, PTF has outperformed KNCT with an annualized return of 26.39%, while KNCT has yielded a comparatively lower 20.79% annualized return.

PTF

• 1D: 1.49%
• 1M: 4.93%
• YTD: 69.64%
• 6M: 66.68%
• 1Y: 99.51%
• 3Y*: 39.34%
• 5Y*: 21.88%
• 10Y*: 26.39%

KNCT

• 1D: 0.65%
• 1M: 6.07%
• YTD: 52.62%
• 6M: 54.67%
• 1Y: 85.43%
• 3Y*: 39.08%
• 5Y*: 19.43%
• 10Y*: 20.79%

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

PTF vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTF Invesco DWA Technology Momentum ETF	69.64%	5.68%	43.65%	33.73%	-31.75%	18.10%	82.06%	46.71%	0.01%	32.07%
KNCT Invesco Next Gen Connectivity ETF	52.62%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%

Correlation

The correlation between PTF and KNCT is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 12, 2006	0.80

The correlation between PTF and KNCT has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

PTF vs. KNCT - Sectors Allocation Comparison

Sectors	PTF	KNCT
Technology	93.8%	84.4%
Communication Services	4.7%	11.4%
Industrials	1.8%	0.8%
Energy	1.6%	-
Financial Services	1.5%	0.2%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	3.3%
Utilities	-	-

Return for Risk

PTF vs. KNCT — Risk / Return Rank

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

PTF

PTF Risk / Return Rank: 83
PTF Sharpe Ratio Rank: 85
PTF Sortino Ratio Rank: 70
PTF Omega Ratio Rank: 74
PTF Calmar Ratio Rank: 92
PTF Martin Ratio Rank: 92

KNCT

KNCT Risk / Return Rank: 94
KNCT Sharpe Ratio Rank: 95
KNCT Sortino Ratio Rank: 93
KNCT Omega Ratio Rank: 93
KNCT Calmar Ratio Rank: 95
KNCT Martin Ratio Rank: 96

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.

PTF vs. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) 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.

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.

	PTF	KNCT	Difference
Sharpe ratio: Return per unit of total volatility	2.39	3.47	-1.08
Sortino ratio: Return per unit of downside risk	2.74	4.09	-1.35
Omega ratio: Gain probability vs. loss probability	1.38	1.58	-0.20
Calmar ratio: Return relative to maximum drawdown	5.36	6.77	-1.40
Martin ratio: Return relative to average drawdown	20.45	30.27	-9.82

PTF vs. KNCT - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.39, which is lower than the KNCT Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of PTF 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.

Drawdowns

PTF vs. KNCT - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, roughly equal to the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for PTF and KNCT.

Drawdown Indicators

	PTF	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-57.18%	+1.80%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-12.30%	-5.69%
Max Drawdown (3Y) Largest decline over 3 years	-36.11%	-21.40%	-14.71%
Max Drawdown (5Y) Largest decline over 5 years	-44.88%	-34.55%	-10.33%
Max Drawdown (10Y) Largest decline over 10 years	-44.88%	-34.55%	-10.33%
Current Drawdown Current decline from peak	-4.47%	-7.20%	+2.73%
Average Drawdown Average peak-to-trough decline	-13.26%	-10.73%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	2.75%	+1.96%

Volatility

PTF vs. KNCT - Volatility Comparison

Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 16.30% compared to Invesco Next Gen Connectivity ETF (KNCT) at 13.73%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than KNCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTF	KNCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.30%	13.73%	+2.57%
Volatility (6M) Calculated over the trailing 6-month period	31.97%	20.56%	+11.41%
Volatility (1Y) Calculated over the trailing 1-year period	40.36%	24.00%	+16.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.34%	23.67%	+11.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.16%	23.22%	+9.94%

PTF vs. KNCT - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than KNCT's 0.40% expense ratio.

Dividends

PTF vs. KNCT - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than KNCT's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KNCT Invesco Next Gen Connectivity ETF	0.61%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%
PTF Invesco DWA Technology Momentum ETF	0.01%	0.21%	0.00%	0.07%	0.00%	0.00%	0.00%	0.00%	0.08%	0.04%	0.26%

Frequently Asked Questions

Can I hold both PTF and KNCT in my portfolio?

PTF and KNCT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTF or KNCT?

PTF has higher volatility (16.30%) compared to KNCT (13.73%). In terms of maximum drawdown, PTF dropped -55.38% vs KNCT's -57.18%.

Which ETF is better, PTF or KNCT?

On 10-year performance, PTF leads with 26.39% vs 20.79% for KNCT. On fees, KNCT is cheaper at 0.40% per year. On volatility, KNCT has been the lower-risk option at 13.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTF or KNCT?

Over the 10-year period, PTF has performed better with a 26.39% return vs 20.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTF or KNCT?

KNCT is cheaper with a 0.40% expense ratio, compared with 0.60% for PTF.

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

KNCT has the higher dividend yield at 0.61%, compared with 0.01% for PTF.

What is the main difference between PTF and KNCT?

PTF is categorized as Momentum, while KNCT is Technology Equities. PTF tracks DWA Technology Technical Leaders Index, while KNCT tracks STOXX World AC NexGen Connectivity Index. Their fees differ too: 0.60% for PTF and 0.40% for KNCT.

Which has better risk-adjusted returns?

KNCT currently has the higher Sharpe Ratio (3.47 vs 2.39), 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.