QTUM vs. KNCT
Compare and contrast key facts about Defiance Quantum ETF (QTUM) and Invesco Next Gen Connectivity ETF (KNCT).
QTUM and KNCT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTUM is a passively managed fund by Defiance that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018. 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. Both QTUM and KNCT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QTUM vs. KNCT - Performance Comparison
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QTUM vs. KNCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QTUM Defiance Quantum ETF | -0.14% | 36.65% | 50.54% | 39.86% | -28.80% | 35.18% | 42.05% | 47.99% | -19.02% |
KNCT Invesco Next Gen Connectivity ETF | 5.86% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | -15.09% |
Returns By Period
In the year-to-date period, QTUM achieves a -0.14% return, which is significantly lower than KNCT's 5.86% return.
QTUM
- 1D
- 1.85%
- 1M
- -6.11%
- YTD
- -0.14%
- 6M
- 3.08%
- 1Y
- 47.58%
- 3Y*
- 34.18%
- 5Y*
- 18.84%
- 10Y*
- —
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%
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QTUM vs. KNCT - Expense Ratio Comparison
Both QTUM and KNCT have an expense ratio of 0.40%.
Return for Risk
QTUM vs. KNCT — Risk / Return Rank
QTUM
KNCT
QTUM vs. KNCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.
| QTUM | KNCT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.79 | -0.18 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.50 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.26 | -0.10 |
Martin ratioReturn relative to average drawdown | 11.08 | 15.18 | -4.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QTUM | KNCT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.79 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.54 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.49 | +0.35 |
Correlation
The correlation between QTUM and KNCT is 0.82, 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
QTUM vs. KNCT - Dividend Comparison
QTUM's dividend yield for the trailing twelve months is around 1.07%, more than KNCT's 0.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
QTUM Defiance Quantum ETF | 1.07% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% | 0.00% | 0.00% |
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% |
Drawdowns
QTUM vs. KNCT - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for QTUM and KNCT.
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Drawdown Indicators
| QTUM | KNCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -57.18% | +18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -12.94% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -34.55% | -3.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.55% | — |
Current DrawdownCurrent decline from peak | -9.34% | -4.97% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -10.82% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 2.78% | +1.58% |
Volatility
QTUM vs. KNCT - Volatility Comparison
Defiance Quantum ETF (QTUM) has a higher volatility of 9.77% compared to Invesco Next Gen Connectivity ETF (KNCT) at 8.36%. This indicates that QTUM'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.
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Volatility by Period
| QTUM | KNCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 8.36% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 20.87% | 15.60% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.70% | 23.35% | +6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.21% | 22.87% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 22.72% | +4.33% |