KNCT vs QQQ
Invesco Next Gen Connectivity ETF vs Invesco QQQ Trust, Series 1
Which is better, KNCT or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. KNCT led over 1Y, 3Y and 5Y, QQQ over the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 57.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | KNCT | QQQ |
|---|---|---|
| Expense Ratio | 0.40% | 0.18%Best |
| AUM | $160M | $483.5B |
| Dividend Yield | 0.65% | 0.44% |
| Holdings | 116 | 107 |
| YTD Return | +47.55%Best | +16.87% |
| 1Y Return | +62.39%Best | +22.98% |
| 3Y Return (annualized) | +37.70%Best | +24.98% |
| 5Y Return (annualized) | +17.57%Best | +14.39% |
| Volatility (annualized) | 22.3% | 18.4%Best |
| Max Drawdown | -57.2% | -53.5%Best |
| $10,000 over 5 years | $22,464Best | $19,586 |
| Top 10 Weight | 57.0% | 46.5%Best |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jun 23, 2005 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Jun 23, 2005 to Sep 11, 2026 (21.2 years).
KNCT vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 21.2 years both funds cover.
KNCT vs QQQ Performance
Invesco Next Gen Connectivity ETF (KNCT) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year KNCT returned +62.39% while QQQ returned +22.98%. Year to date, KNCT is up 47.55% versus a gain of 16.87% for QQQ.
Over three years, KNCT compounded at +37.70% per year against +24.98% for QQQ; over five years the annualized figures are +17.57% and +14.39% respectively. Across the full 21-year window we track, QQQ has the edge at +15.10% annualized vs +13.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KNCT has been the more volatile fund, with annualized monthly volatility of 22.3% compared with 18.4% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.2% for KNCT and -53.5% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KNCT charges 0.40% per year while QQQ charges 0.18%. On a $10,000 position that is $40 vs $18 annually, a gap of $22 per year that compounds over a long holding period. On income, KNCT currently yields 0.65% against 0.44% for QQQ.
Holdings Overlap
49.4% of KNCT's money is in holdings QQQ also owns. 27.5% of QQQ's money is in holdings KNCT also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 100 positions we hold weights for in KNCT and 102 in QQQ, against full books of 116 and 107.
What only one of them owns
Our book lists 75 positions for QQQ that do not appear in our book for KNCT (70.1% of the fund), and 43 for KNCT that do not appear in QQQ (28.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in KNCT | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.67% | 7.27% | 1.40% |
| AVGOBroadcom Inc | 8.60% | 3.16% | 5.44% |
| MUMicron Technology, Inc. | 7.04% | 4.43% | 2.61% |
| CSCOCisco Systems Inc. - Ordinary Shares | 4.52% | 2.10% | 2.42% |
| INTCIntel Corp. | 3.70% | 2.23% | 1.47% |
| PANWPalo Alto Networks Inc. | 3.10% | 1.30% | 1.80% |
| CRWDCrowdstrike Holdings Inc. Class A | 2.27% | 0.94% | 1.33% |
| MRVLMarvell Technology Group Ltd | 1.87% | 0.81% | 1.06% |
| QCOMQualcomm Inc. | 1.59% | 0.73% | 0.86% |
| TMUST-Mobile Usa Inc Esrw Usd Npv Ref Sm#585558 | 1.05% | 0.82% | 0.23% |
49.4% of KNCT is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KNCT or QQQ?
KNCT has an expense ratio of 0.40% while QQQ charges 0.18%. QQQ is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, KNCT or QQQ?
Over the past year KNCT returned +62.39% vs +22.98% for QQQ, so KNCT leads on 1-year performance. Over the longest common window we track (21 years), KNCT annualized +13.28% vs +15.10% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KNCT or QQQ?
KNCT has been the more volatile fund at 22.3% annualized versus 18.4% for QQQ. Worst drawdown: KNCT -57.2% vs QQQ -53.5%.
Should I hold both KNCT and QQQ?
KNCT and QQQ have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between KNCT and QQQ?
49.4% of KNCT's money is in holdings QQQ also owns. 27.5% of QQQ's is in holdings KNCT also owns. They hold 21 positions in common, counted across the 100 positions we hold weights for in KNCT and 102 in QQQ.
Which pays a higher dividend, KNCT or QQQ?
KNCT yields 0.65% while QQQ yields 0.44%, so KNCT currently pays the higher dividend yield.
Is QQQ better than KNCT?
QQQ has a lower expense ratio. KNCT led over 1Y, 3Y and 5Y, QQQ over the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 57.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.