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KNCT vs METV

Invesco Next Gen Connectivity ETF

KNCTBNYSE Arca

Roundhill Metaverse ETF

METVCNYSE Arca

Overlap

Expense ratio

KNCT −0.19pt a year

KNCT0.40%METV0.59%

Avg volume · 30D

METV 15.6×the volume

KNCT3.12KMETV48.8K

5Y return · a year

KNCT +9.3pt

KNCT+14.6%METV+5.3%

KNCT vs METV Performance

Oct 29, 2021 – Oct 30, 2026

+97.7%KNCT+29.7%METV

Oct 29, 2021 to Oct 30, 2026. KNCT +97.7%. METV +29.7%. Use the arrow keys to read each point.−50%0%150%Oct 2021Apr 2024Oct 2026
Expense ratio
KNCT 0.40%, better
METV 0.59%
Fund size
KNCT $145M
METV $209M
1Y total return
KNCT +33.2%, better
METV −4.5%
Yield (12M)
KNCT 0.91%, better
METV 0.17%
Holdings
KNCT 108
METV 31
Avg volume (30D)
KNCT 3.12K sh
METV 48.8K sh, better
NAV per share
KNCT $183.32
METV $19.91
52W range

ETF.net Grade

KNCT: Cost 81, Risk 55, Mission not scored, Tradability 60, Holdings 40, Durability 65. METV: Cost 57, Risk 34, Mission not scored, Tradability 53, Holdings 37, Durability 58.
Pillar letters and Scores for KNCT, METV, with each pillar’s weight
PillarKNCTMETV
Cost30% weightA81HigherB57
Mission25% weightNot scoredNot scored
Risk15% weightB55HigherD34
Tradability15% weightB60HigherC53
Holdings10% weightC40HigherD37
Durability5% weightB65HigherB58

Rank among Metaverse & Connectivity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. KNCT and METV are both graded against the same 6 Metaverse & Connectivity funds, so their Grades compare head to head.

Metaverse & Connectivity⁠

Category · 6 funds
See all 6 ›

KNCT ranks 1st and METV 4th of 6 funds in the Metaverse & Connectivity Category.

  1. Rank 1BKNCTInvesco Next Gen Connectivity ETFScore 65
  2. Rank 2BFMETFidelity Metaverse ETFScore 60
  3. Rank 3CNXTGFirst Trust Indxx NextG ETFScore 54
  4. Rank 4CMETVRoundhill Metaverse ETFScore 48
  5. Rank 5CSNSRGlobal X Internet of Things ETFScore 46

Our read on each fund

ETF.net Research

KNCTBInvesco Next Gen Connectivity ETF

METVCRoundhill Metaverse ETF

In short

KNCT A next-gen connectivity theme sitting on an unusually old ticker: KNCT dates to 2005. Today it tracks a global index of roughly 100 connectivity names for 0.40% a year.

METV Launched in 2021 with an index built by Matthew Ball's research group, METV is the metaverse theme in its original form: roughly 50 globally listed companies spanning chips, networks, virtual worlds and payments.

Stated mandate

KNCT The fund is designed to follow the STOXX World AC NexGen Connectivity Index and normally invests at least 90% of its total assets in common stocks included in that Index.

METV The fund seeks to track the Ball Metaverse Index before fees and expenses by investing primarily in globally listed companies whose activities, products, services, or technologies enable the Metaverse.

Why people hold it

  • KNCT 0.40% a year undercuts what global thematic funds typically charge, so less of the theme's upside leaks out as fees.
  • Rules, not hunches: normally at least 90% of assets sit in common stocks from the STOXX World AC NexGen Connectivity Index.invesco.com
  • Global mandate rather than a US-only tech sleeve, spread across roughly 100 holdings, with distributions paid quarterly.
  • An operating history running back to 2005, a long resume in a category where most theme funds are only a few years old.
  • METV The Ball Metaverse Index sorts holdings into seven layers of the theme: compute, networking, virtual platforms, interchange standards, payments, content and hardware.roundhillinvestments.com
  • Roundhill cut the management fee from 0.75% to 0.59% in 2022, and that one unified fee covers the fund's operating costs.roundhillinvestments.com
  • Global by mandate, not US tech by default: the index draws on companies listed worldwide whose products and technologies enable the metaverse.

Worth knowing

  • KNCT Thinly traded. Spreads can widen and quotes get jumpy, especially away from the market's busiest hours.
  • One theme, roughly 100 stocks. The ride can look nothing like a broad global index in either direction.
  • Asset base is modest by ETF standards, which is worth knowing for anyone sizing a large position.
  • METV At 0.59%, it prices a touch above the typical global thematic fund. That is what a hand-built, committee-selected niche index costs.
  • About 50 stocks on one narrow theme, and it has ranked among the more volatile funds in its global thematic group.
  • The index methodology was widened to allow ETFs holding bitcoin or ether as eligible components, so digital asset swings can reach an equity fund.roundhillinvestments.com

Full KNCT profile⁠

Full METV profile⁠

KNCT vs METV Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KNCT vs METV Cost

Overpaying METV vs KNCT

$3,545

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KNCT 0.40%

    $8,090

  • METV 0.59%

    $11,635

$10,000
30 years

Cost over time

  • KNCT 0.40%
  • METV 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530METV $11,635KNCT $8,090

Year by year

YearKNCTMETVOverpaying
10$723$1,058$335
20$2,793$4,051$1,258
30$8,090$11,635$3,545

Expense ratio

  • 0.40%KNCT, cheaper
  • 0.59%METV
  • Middle half of Metaverse & Connectivity funds
  • Median 0.64%

KNCT 2nd cheapest of 6 funds

METV 3rd cheapest of 6 funds

KNCT vs METV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
KNCT 0.91%, better
METV 0.17%
Payout (12M)
KNCT $1.64
METV $0.03
Last payment
KNCT $0.72
METV $0.03
Ex-dividend
KNCT Sep 21, 2026
METV Dec 30, 2025
Paid on
KNCT Sep 25, 2026
METV Dec 31, 2025
Frequency
KNCT Quarterly
METV Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

KNCTQuarterly · 31 paymentsAll KNCT payments⁠
One bar per payment. 31 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.24; Sep 18, 2017 $0.06; Jun 18, 2018 $0.12; Sep 24, 2018 $0.12; Dec 24, 2018 $0.35; Mar 18, 2019 $0.12; Jun 24, 2019 $0.12; Sep 23, 2019 $0.02; Mar 23, 2020 $0.02; Jun 22, 2020 $0.03; Sep 21, 2020 $0.10; Dec 21, 2020 $0.0039; Sep 20, 2021 $0.25; Dec 20, 2021 $0.31; Mar 21, 2022 $0.47; Jun 21, 2022 $0.52; Sep 19, 2022 $0.19; Dec 19, 2022 $0.40; Sep 18, 2023 $0.12; Dec 18, 2023 $0.41; Mar 18, 2024 $0.30; Jun 24, 2024 $0.43; Sep 23, 2024 $0.33; Dec 23, 2024 $0.39; Mar 24, 2025 $0.22; Jun 23, 2025 $0.36; Sep 22, 2025 $0.36; Dec 22, 2025 $0.22; Mar 23, 2026 $0.32; Jun 22, 2026 $0.39; Sep 21, 2026 $0.72. Use the arrow keys to read each point.$0$0.502017202020232026YTD
METVIrregular · 3 paymentsAll METV payments⁠
One bar per payment. 3 payments from 2017 to 2026 YTD. Dec 13, 2022 $0.0063; Dec 27, 2023 $0.02; Dec 30, 2025 $0.03. Use the arrow keys to read each point.$0$0.502017202020232026YTD

KNCT vs METV Risk

Fall from peak · 5 years

  • KNCT
  • METV
Oct 29, 2021 to Oct 30, 2026. Worst fall: METV −59.6% · Nov 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
KNCT 24.3%METV 21.8%, better
Return per unit of riskSharpe ratio, 3 years
KNCT 1.18, betterMETV 1.06
Worst fallMax drawdown, 5 years
KNCT −34.6%, betterMETV −59.6%
Market sensitivityBeta, 5 years
KNCT 1.37METV 1.39

KNCT and METV in the news

All news⁠

Popular comparisons

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    Invesco Next Gen Connectivity ETF · Fidelity Metaverse ETF

    Expense ratio
    0.40% · 0.39%
    Category
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  • KNCTBvsSNSRC

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    Category
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  • METVCvsSNSRC

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    Category
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