PXQ vs. KROP

Last updated Jun 5, 2026

PXQ (Invesco Next Gen Connectivity ETF) and KROP (Global X AgTech & Food Innovation ETF) are both Technology Equities funds - PXQ tracks the STOXX World AC NexGen Connectivity Index while KROP tracks the Solactive AgTech & Food Innovation Index. Both are passively managed. Over the past 3 years, PXQ returned 42.20%/yr vs 0.72%/yr for KROP. At a 0.49 correlation, their price movements are largely independent. PXQ charges 0.40%/yr vs 0.50%/yr for KROP.

Performance

PXQ vs. KROP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (PXQ) and Global X AgTech & Food Innovation ETF (KROP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXQ achieves a 58.43% return, which is significantly higher than KROP's 16.59% return.

PXQ

• 1D: -3.05%
• 1M: 18.64%
• YTD: 58.43%
• 6M: 58.28%
• 1Y: 92.28%
• 3Y*: 42.20%
• 5Y*: 20.98%
• 10Y*: 20.97%

KROP

• 1D: 0.22%
• 1M: -0.70%
• YTD: 16.59%
• 6M: 14.86%
• 1Y: 12.86%
• 3Y*: 0.72%
• 5Y*: —
• 10Y*: —

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

PXQ vs. KROP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PXQ Invesco Next Gen Connectivity ETF	58.43%	28.65%	19.41%	27.39%	-29.54%	13.18%
KROP Global X AgTech & Food Innovation ETF	16.59%	7.95%	-8.74%	-23.86%	-27.23%	-18.75%

Correlation

The correlation between PXQ and KROP is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.49

Over the past year, the correlation between PXQ and KROP has dropped to 0.22 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

PXQ vs. KROP - Sectors Allocation Comparison

Sectors	PXQ	KROP
Technology	83.7%	-
Communication Services	11.8%	-
Real Estate	3.2%	-
Industrials	0.9%	39.7%
Financial Services	0.2%	-
Basic Materials	-	32.1%
Consumer Cyclical	-	0.3%
Consumer Defensive	-	26.3%
Energy	-	-
Healthcare	-	0.3%
Utilities	-	-

Return for Risk

PXQ vs. KROP — Risk / Return Rank

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

PXQ

PXQ Risk / Return Rank: 96
PXQ Sharpe Ratio Rank: 96
PXQ Sortino Ratio Rank: 95
PXQ Omega Ratio Rank: 95
PXQ Calmar Ratio Rank: 96
PXQ Martin Ratio Rank: 97

KROP

KROP Risk / Return Rank: 23
KROP Sharpe Ratio Rank: 24
KROP Sortino Ratio Rank: 24
KROP Omega Ratio Rank: 23
KROP Calmar Ratio Rank: 24
KROP Martin Ratio Rank: 22

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.

PXQ vs. KROP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and Global X AgTech & Food Innovation ETF (KROP). 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.

	PXQ	KROP	Difference
Sharpe ratio: Return per unit of total volatility	4.31	0.81	+3.50
Sortino ratio: Return per unit of downside risk	5.27	1.24	+4.03
Omega ratio: Gain probability vs. loss probability	1.70	1.15	+0.54
Calmar ratio: Return relative to maximum drawdown	9.29	1.14	+8.14
Martin ratio: Return relative to average drawdown	40.65	2.58	+38.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PXQ vs. KROP - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 4.31, which is higher than the KROP Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of PXQ and KROP, 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

	PXQ	KROP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.31	0.81	+3.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	-0.57	+1.14

Drawdowns

PXQ vs. KROP - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, smaller than the maximum KROP drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for PXQ and KROP.

Drawdown Indicators

	PXQ	KROP	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-61.96%	+4.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.99%	-11.29%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-28.70%	+7.30%
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	-3.67%	-48.93%	+45.26%
Average Drawdown Average peak-to-trough decline	-10.74%	-44.50%	+33.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	4.99%	-2.71%

Volatility

PXQ vs. KROP - Volatility Comparison

Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 9.83% compared to Global X AgTech & Food Innovation ETF (KROP) at 4.69%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than KROP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXQ	KROP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.83%	4.69%	+5.14%
Volatility (6M) Calculated over the trailing 6-month period	17.46%	11.98%	+5.48%
Volatility (1Y) Calculated over the trailing 1-year period	21.53%	16.04%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.22%	22.27%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.98%	22.27%	+0.71%

PXQ vs. KROP - Expense Ratio Comparison

PXQ has a 0.40% expense ratio, which is lower than KROP's 0.50% expense ratio.

Dividends

PXQ vs. KROP - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.59%, less than KROP's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KROP Global X AgTech & Food Innovation ETF	2.34%	2.73%	1.89%	1.36%	0.71%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%
PXQ Invesco Next Gen Connectivity ETF	0.59%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%

Frequently Asked Questions

Can I hold both PXQ and KROP in my portfolio?

PXQ and KROP have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXQ or KROP?

PXQ has higher volatility (9.83%) compared to KROP (4.69%). In terms of maximum drawdown, PXQ dropped -57.18% vs KROP's -61.96%.

Which ETF is better, PXQ or KROP?

On 3-year performance, PXQ leads with 42.20% vs 0.72% for KROP. On fees, PXQ is cheaper at 0.40% per year. On volatility, KROP has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXQ or KROP?

Over the 3-year period, PXQ has performed better with a 42.20% return vs 0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXQ or KROP?

PXQ is cheaper with a 0.40% expense ratio, compared with 0.50% for KROP.

Which ETF pays a higher dividend yield, PXQ or KROP?

KROP has the higher dividend yield at 2.34%, compared with 0.59% for PXQ.

What is the main difference between PXQ and KROP?

PXQ tracks STOXX World AC NexGen Connectivity Index, while KROP tracks Solactive AgTech & Food Innovation Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.40% for PXQ and 0.50% for KROP.

Which has better risk-adjusted returns?

PXQ currently has the higher Sharpe Ratio (4.31 vs 0.81), 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.