XLKI vs. KNCT

Last updated Apr 2, 2026

Compare and contrast key facts about State Street Technology Select Sector SPDR Premium Income ETF (XLKI) and Invesco Next Gen Connectivity ETF (KNCT).

XLKI and KNCT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLKI is an actively managed fund by State Street. It was launched on Jul 29, 2025. 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.

Performance

XLKI vs. KNCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR Premium Income ETF (XLKI) and Invesco Next Gen Connectivity ETF (KNCT). The values are adjusted to include any dividend payments, if applicable.

XLKI vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025
XLKI State Street Technology Select Sector SPDR Premium Income ETF	-1.78%	10.07%
KNCT Invesco Next Gen Connectivity ETF	5.86%	14.07%

Returns By Period

In the year-to-date period, XLKI achieves a -1.78% return, which is significantly lower than KNCT's 5.86% return.

XLKI

• 1D: 1.47%
• 1M: -1.40%
• YTD: -1.78%
• 6M: 1.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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%

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

XLKI vs. KNCT - Expense Ratio Comparison

XLKI has a 0.35% expense ratio, which is lower than KNCT's 0.40% expense ratio.

KNCT

Invesco Next Gen Connectivity ETF

XLKI

State Street Technology Select Sector SPDR Premium Income ETF

Return for Risk

XLKI 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: 88
KNCT Sharpe Ratio Rank: 84
KNCT Sortino Ratio Rank: 87
KNCT Omega Ratio Rank: 84
KNCT Calmar Ratio Rank: 89
KNCT Martin Ratio Rank: 93

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.

XLKI vs. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR Premium Income ETF (XLKI) 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

	XLKI	KNCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.79	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.49	+0.23

Correlation

The correlation between XLKI and KNCT is 0.84, 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

XLKI vs. KNCT - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 13.18%, more than KNCT's 0.88% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
XLKI State Street Technology Select Sector SPDR Premium Income ETF	13.18%	8.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

XLKI vs. KNCT - Drawdown Comparison

The maximum XLKI drawdown since its inception was -10.24%, smaller than the maximum KNCT drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for XLKI and KNCT.

Drawdown Indicators

	XLKI	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-10.24%	-57.18%	+46.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.94%	—
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	-5.19%	-4.97%	-0.22%
Average Drawdown Average peak-to-trough decline	-1.91%	-10.82%	+8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.78%	—

Volatility

Volatility by Period

	XLKI	KNCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	23.35%	-6.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	22.87%	-5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	22.72%	-5.46%