XNTK vs. KNCT

Last updated Aug 2, 2026

XNTK (State Street SPDR NYSE Technology ETF) and KNCT (Invesco Next Gen Connectivity ETF) are both Technology Equities funds - XNTK tracks the NYSE Technology Index while KNCT tracks the STOXX World AC NexGen Connectivity Index. Both are passively managed. Over the past 10 years, XNTK returned 23.46%/yr vs 18.83%/yr for KNCT. Their correlation of 0.82 means they have usually moved in the same direction. XNTK charges 0.35%/yr vs 0.40%/yr for KNCT.

Performance

XNTK vs. KNCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR NYSE Technology ETF (XNTK) 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, XNTK achieves a 21.38% return, which is significantly lower than KNCT's 40.12% return. Over the past 10 years, XNTK has outperformed KNCT with an annualized return of 23.46%, while KNCT has yielded a comparatively lower 18.83% annualized return.

XNTK

• 1D: 0.32%
• 1M: -7.35%
• 6M: 19.74%
• YTD: 21.38%
• 1Y: 45.94%
• 3Y*: 31.93%
• 5Y*: 16.77%
• 10Y*: 23.46%
• ALL TIME*: 11.11%

KNCT

• 1D: 0.08%
• 1M: -4.96%
• 6M: 31.73%
• YTD: 40.12%
• 1Y: 63.92%
• 3Y*: 33.13%
• 5Y*: 16.31%
• 10Y*: 18.83%
• ALL TIME*: 13.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KNCT Invesco Next Gen Connectivity ETF	$741.37K	$822.66K	$837.91K
XNTK State Street SPDR NYSE Technology ETF	$14.59M	$14.88M	$19.50M

XNTK vs. KNCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XNTK State Street SPDR NYSE Technology ETF	21.38%	38.06%	23.49%	70.13%	-41.07%	17.63%	73.91%	38.08%	-7.13%	40.37%
KNCT Invesco Next Gen Connectivity ETF	40.12%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%

Correlation

The correlation between XNTK and KNCT is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Jun 23, 2005	0.82

The correlation between XNTK and KNCT has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

XNTK vs. KNCT - Sectors Allocation Comparison

Sectors	XNTK	KNCT
Technology	85.8%	86.3%
Communication Services	7.2%	10.0%
Consumer Cyclical	7.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.2%
Healthcare	-	-
Industrials	-	0.7%
Real Estate	-	3.0%
Utilities	-	-

Return for Risk

XNTK vs. KNCT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XNTK

XNTK Risk / Return Rank: 61
XNTK Sharpe Ratio Rank: 63
XNTK Sortino Ratio Rank: 57
XNTK Omega Ratio Rank: 59
XNTK Calmar Ratio Rank: 67
XNTK Martin Ratio Rank: 59

KNCT

KNCT Risk / Return Rank: 87
KNCT Sharpe Ratio Rank: 90
KNCT Sortino Ratio Rank: 85
KNCT Omega Ratio Rank: 86
KNCT Calmar Ratio Rank: 85
KNCT Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XNTK vs. KNCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR NYSE Technology ETF (XNTK) 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.

	XNTK	KNCT	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.27	-0.81
Sortino ratio: Return per unit of downside risk	1.95	2.82	-0.87
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.13
Calmar ratio: Return relative to maximum drawdown	2.30	3.31	-1.01
Martin ratio: Return relative to average drawdown	6.96	13.33	-6.38

XNTK vs. KNCT - Sharpe Ratio Comparison

The current XNTK Sharpe Ratio is 1.46, which is lower than the KNCT Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of XNTK 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

XNTK vs. KNCT - Drawdown Comparison

The maximum XNTK drawdown since its inception was -72.38%, which is greater than KNCT's maximum drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for XNTK and KNCT.

Drawdown Indicators

	XNTK	KNCT	Difference
Max Drawdown Largest peak-to-trough decline	-72.38%	-57.18%	-15.20%
Max Drawdown (1Y) Largest decline over 1 year	-18.65%	-18.91%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-28.11%	-21.40%	-6.71%
Max Drawdown (5Y) Largest decline over 5 years	-48.28%	-34.55%	-13.73%
Max Drawdown (10Y) Largest decline over 10 years	-48.28%	-34.55%	-13.73%
Current Drawdown Current decline from peak	-13.74%	-14.80%	+1.06%
Average Drawdown Average peak-to-trough decline	-21.21%	-10.73%	-10.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.15%	4.68%	+1.47%

Volatility

XNTK vs. KNCT - Volatility Comparison

State Street SPDR NYSE Technology ETF (XNTK) and Invesco Next Gen Connectivity ETF (KNCT) have volatilities of 11.16% and 11.26%, 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

	XNTK	KNCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.16%	11.26%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	25.16%	24.68%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	29.41%	27.67%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.01%	24.48%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.17%	23.55%	+3.62%

XNTK vs. KNCT - Expense Ratio Comparison

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

Dividends

XNTK vs. KNCT - Dividend Comparison

XNTK's dividend yield for the trailing twelve months is around 0.16%, less than KNCT's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KNCT Invesco Next Gen Connectivity ETF	0.68%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%	0.00%
XNTK State Street SPDR NYSE Technology ETF	0.16%	0.23%	0.42%	0.34%	0.85%	0.34%	0.30%	0.61%	29.64%	1.29%	0.81%	0.93%

Frequently Asked Questions

Can I hold both XNTK and KNCT in my portfolio?

With a correlation of 0.91, XNTK and KNCT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XNTK or KNCT?

KNCT has higher volatility (11.26%) compared to XNTK (11.16%). In terms of maximum drawdown, XNTK dropped -72.38% vs KNCT's -57.18%.

Which ETF is better, XNTK or KNCT?

On 10-year performance, XNTK leads with 23.46% vs 18.83% for KNCT. On fees, XNTK is cheaper at 0.35% per year. On volatility, XNTK has been the lower-risk option at 11.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XNTK or KNCT?

Over the 10-year period, XNTK has performed better with a 23.46% return vs 18.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XNTK or KNCT?

XNTK is cheaper with a 0.35% expense ratio, compared with 0.40% for KNCT.

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

KNCT has the higher dividend yield at 0.68%, compared with 0.16% for XNTK.

What is the main difference between XNTK and KNCT?

XNTK tracks NYSE Technology Index, while KNCT tracks STOXX World AC NexGen Connectivity Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for XNTK and 0.40% for KNCT.

Which has better risk-adjusted returns?

KNCT currently has the higher Sharpe Ratio (2.27 vs 1.46), 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.