KNCT vs NXTG: Grades, Fees and Holdings Compared

Invesco Next Gen Connectivity ETF

KNCTBNYSE Arca

First Trust Indxx NextG ETF

NXTGCNasdaq

Overlap

24.3%by weight

Expense ratio

KNCT −0.30pt a year

KNCT0.40%NXTG0.70%

Avg volume · 30D

NXTG 2.7×the volume

KNCT3.12KNXTG8.33K

10Y return · a year

KNCT +2.4pt

KNCT+17.8%NXTG+15.4%

KNCT vs NXTG Performance

Oct 29, 2021 – Oct 30, 2026

+97.7%KNCT+107.8%NXTG

Expense ratio: KNCT 0.40%, better; NXTG 0.70%
Fund size: KNCT $145M; NXTG $532M
1Y total return: KNCT +33.2%; NXTG +34.2%, better
Yield (12M): KNCT 0.91%; NXTG 1.36%, better
Holdings: KNCT 108; NXTG 107
Avg volume (30D): KNCT 3.12K sh; NXTG 8.33K sh, better
NAV per share: KNCT $183.32; NXTG $145.63
52W range

ETF.net Grade

Pillar letters and Scores for KNCT, NXTG, with each pillar’s weight
Pillar	KNCT	NXTG
Cost30% weight	A81Higher	F21
Mission25% weight	Not scored	A77
Risk15% weight	B55	A84Higher
Tradability15% weight	B60	B66Higher
Holdings10% weight	C40	A79Higher
Durability5% weight	B65	A82Higher

Rank among Metaverse & Connectivity funds

How we build Categories ›

Same Category. KNCT and NXTG 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 NXTG 3rd of 6 funds in the Metaverse & Connectivity Category.

Rank 1BKNCTInvesco Next Gen Connectivity ETFScore 65
Rank 2BFMETFidelity Metaverse ETFScore 60
Rank 3CNXTGFirst Trust Indxx NextG ETFScore 54
Rank 4CMETVRoundhill Metaverse ETFScore 48

Our read on each fund

ETF.net Research

KNCTBInvesco Next Gen Connectivity ETF

NXTGCFirst Trust Indxx NextG 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.

NXTG A 5G fund that isn't a 5G-boom baby. NXTG has been running since 2011 and spreads the connectivity theme across roughly 100 stocks worldwide. Long tenure and broad reach, at a premium price tag.

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.

NXTG The Fund seeks returns corresponding generally to the Indxx 5G & NextG Thematic Index and normally invests at least 90% of net assets in securities comprising that index.

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.

NXTG Launched in 2011, making it a veteran inside a global thematic peer group stuffed with far more recent arrivals.
Rules-based and wide: at least 90% of net assets sit in the Indxx 5G & NextG index, roughly 100 global names rather than a short list of megacaps.
Upper half of its global thematic cohort on how closely it follows its stated index and what sits in the portfolio.
Simple plumbing: a 1940 Act fund holding the stocks outright, with distributions paid quarterly.

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.

NXTG 0.70% a year is above the typical fee in its global thematic group. Cheaper thematic shelves exist, including KLMT at 0.10% and UFOX at 0.30%.
Thinly traded for its size, so bid-ask spreads can run wider and larger orders can nudge the price.
One theme, global footprint: results ride on connectivity and network spending, and overseas holdings add currency movement to the mix.

Full KNCT profile⁠

Full NXTG profile⁠

KNCT vs NXTG Holdings

How KNCT and NXTG differ

Overlap by weight

24.3%

Shared holdings make up 61.0% of KNCT and 41.8% of NXTG.

Level by level

Holdings43 in both24.3%
Countryby domicile61.8%
Sector6 Sectors80.4%
Asset classEquity100%

Sector

Sector weights in KNCT and NXTG, widest gap first
Sector	More in KNCTMore in NXTG	KNCT	NXTG
Technology	KNCT +19.5 points	85.9%	66.3%
Communication	NXTG +11.0 points	10.3%	21.3%
Industrials	NXTG +5.4 points	0.5%	5.9%
Real Estate	NXTG +2.6 points	3.3%	5.9%
Consumer Discretionary	NXTG +0.5 points	0.0%	0.5%
Financials	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in KNCT and NXTG, widest gap first
Country	More in KNCTMore in NXTG	KNCT	NXTG
United States	KNCT +31.3 points	71.0%	39.7%
Japan	NXTG +10.0 points	2.7%	12.7%
India	NXTG +7.5 points	0.7%	8.2%
South Korea	KNCT +6.4 points	11.0%	4.6%
China	NXTG +3.9 points	0.9%	4.8%
United Kingdom	NXTG +1.9 points	0.5%	2.4%
Taiwan	NXTG +1.8 points	9.8%	11.6%
Sweden	NXTG +1.8 points	0.4%	2.2%
Other countries (18)	NXTG +10.9 points	3.0%	13.9%

Outside the US: KNCT 20% developed, 80% emerging. NXTG 46% developed, 54% emerging.

Concentration

Weight in the 10 largest Holdings

KNCT57.6%
NXTG18.2%

Securities held

KNCT103
NXTG98

Asset class

KNCT: Equity
NXTG: Equity

Holdings

Only in KNCT60
In both43
Only in NXTG55

Only in KNCT

60 securities, 38.8% of KNCT by weight

Taiwan Semiconductor Manufacturing Co Ltd7.88%
SK hynix Inc5.09%
Palo Alto Networks Inc3.34%
Crowdstrike Holdings Inc2.86%
Amphenol Corp1.54%
Cloudflare Inc1.08%
Synopsys Inc0.98%
Accenture PLC0.98%
Datadog Inc0.96%
Fortinet Inc0.93%
Lumentum Holdings Inc0.89%
Cadence Design Systems Inc0.85%
SoftBank Group Corp0.71%
Bharti Airtel Ltd0.70%
Nokia Oyj0.55%
Astera Labs Inc0.54%
Comcast Corp0.50%
Coherent Corp0.47%
NetApp Inc0.46%
TE Connectivity PLC0.46%
Okta Inc0.40%
Xiaomi Corp0.37%
ARM Holdings PLC0.35%
Telefonaktiebolaget LM Ericsson0.35%
MongoDB Inc0.33%
Credo Technology Group Holding Ltd0.33%
Accton Technology Corp0.30%
Zscaler Inc0.28%
CoreWeave Inc0.27%
Chroma ATE Inc0.25%
Nanya Technology Corp0.25%
Nebius Group NV0.24%
Rubrik Inc0.23%
Tower Semiconductor Ltd0.23%
Nutanix Inc0.21%
Largan Precision Co Ltd0.20%
Dynatrace Inc0.19%
Docusign Inc0.17%
Lattice Semiconductor Corp0.16%
Akamai Technologies Inc0.15%
CACI International Inc0.15%
BT Group PLC0.14%
Charter Communications Inc0.14%
AST SpaceMobile Inc0.13%
Check Point Software Technologies Ltd0.13%
Secom Co Ltd0.12%
Winbond Electronics Corp0.11%
Lite-On Technology Corp0.11%
MACOM Technology Solutions Holdings Inc0.11%
Rambus Inc0.11%

Only in NXTG

55 securities, 57.9% of NXTG by weight

Skyworks Solutions, Inc.2.93%
Advantech Co., Ltd.1.92%
HCL Technologies Limited1.76%
Tech Mahindra Ltd.1.68%
Hewlett Packard Enterprise Company1.66%
Sony Group Corp.1.65%
Tata Consultancy Services Limited1.62%
ASE Technology Holding Co., Ltd.1.60%
Super Micro Computer, Inc.1.55%
BT Group Plc1.54%
Advanced Micro Devices, Inc.1.53%
Infosys Limited (ADR)1.47%
Analog Devices, Inc.1.46%
Wipro Limited (ADR)1.41%
NVIDIA Corporation1.40%
Wiwynn Corporation1.40%
Samsung SDS Co., Ltd.1.39%
Xiaomi Corporation (Class B)1.38%
Taiwan Semiconductor Manufacturing Company Limited (ADR)1.36%
Kyocera Corporation1.33%
Telefonaktiebolaget LM Ericsson (Class B)1.30%
China Tower Corporation Limited (Class H)1.27%
NXP Semiconductors N.V.1.25%
MediaTek Inc.1.23%
Lenovo Group Limited1.19%
Mitsubishi Electric Corporation1.15%
Elisa Oyj1.11%
Prysmian SpA1.08%
LG Electronics Inc.1.03%
ZTE Corporation (Class H)0.99%
Renesas Electronics Corporation0.91%
STMicroelectronics NV0.90%
Infineon Technologies AG0.89%
Nokia Corporation (ADR)0.88%
Delta Electronics Inc.0.79%
Emirates Telecommunications Group Company PJSC0.62%
Bharti Airtel Ltd.0.60%
Taiwan Mobile Co., Ltd.0.59%
Vodacom Group Limited0.58%
Far EasTone Telecommunications Co., Ltd.0.56%
Swisscom AG0.55%
Singapore Telecommunications Limited0.52%
KT Corporation (ADR)0.51%
Koninklijke (Royal) KPN N.V.0.51%
Celcomdigi Bhd0.50%
Telefonica Brasil, S.A. (ADR)0.47%
Tele2 AB (Class B)0.46%
Ooredoo Q.P.S.C.0.46%
Rogers Communications Inc. (Class B)0.45%
Space Exploration Technologies Corp. (Class A)0.45%

Weight gaps

All 43 Holdings in both funds, largest gap first.

Holding weights in KNCT and NXTG, widest gap first
Holding	More in KNCTMore in NXTG	KNCT	NXTG
Apple IncAAPL	KNCT +7.15 points	8.77%	1.62%
Broadcom IncAVGO	KNCT +6.65 points	7.85%	1.20%
Micron Technology IncMU	KNCT +6.48 points	7.84%	1.36%
Samsung Electronics Co Ltd	KNCT +4.79 points	5.92%	1.13%
Intel CorpINTC	KNCT +3.40 points	4.24%	0.84%
Cisco Systems IncCSCO	KNCT +2.63 points	3.84%	1.21%
Verizon Communications IncVZ	KNCT +1.44 points	1.95%	0.51%
NTT Inc	NXTG +1.34 points	0.29%	1.63%
NEC Corp	NXTG +1.35 points	0.33%	1.68%
Fujitsu Ltd	NXTG +1.22 points	0.28%	1.50%
SBA Communications CorpSBAC	NXTG +1.03 points	0.21%	1.24%
AT&T IncT	KNCT +1.02 points	1.52%	0.50%
Marvell Technology IncMRVL	KNCT +0.99 points	2.06%	1.07%
F5 IncFFIV	NXTG +0.97 points	0.22%	1.19%
Fujikura Ltd	NXTG +0.95 points	0.32%	1.27%
Motorola Solutions IncMSI	NXTG +0.90 points	0.74%	1.64%
Crown Castle IncCCI	NXTG +0.89 points	0.41%	1.30%
Keysight Technologies IncKEYS	NXTG +0.88 points	0.42%	1.30%
Microchip Technology IncMCHP	NXTG +0.86 points	0.35%	1.21%
United Microelectronics Corp	NXTG +0.77 points	0.46%	1.23%
QUALCOMM IncQCOM	KNCT +0.72 points	1.90%	1.18%
Digital Realty Trust IncDLR	NXTG +0.68 points	0.69%	1.37%
Arista Networks IncANET	KNCT +0.59 points	2.12%	1.53%
Ciena CorpCIEN	NXTG +0.48 points	0.53%	1.01%
Telia Co AB	NXTG +0.42 points	0.09%	0.51%
Chunghwa Telecom Co Ltd	NXTG +0.42 points	0.16%	0.58%
American Tower CorpAMT	NXTG +0.41 points	0.93%	1.34%
Telenor ASA	NXTG +0.41 points	0.08%	0.49%
Advanced Info Service PCL	NXTG +0.39 points	0.11%	0.50%
Telstra Group Ltd	NXTG +0.39 points	0.13%	0.52%
MTN Group Ltd	NXTG +0.35 points	0.14%	0.49%
SoftBank Corp	NXTG +0.35 points	0.25%	0.60%
Cellnex Telecom SA	NXTG +0.34 points	0.14%	0.48%
T-Mobile US IncTMUS	KNCT +0.31 points	0.76%	0.45%
EchoStar CorpECHO	NXTG +0.30 points	0.15%	0.45%
Telefonica SA	NXTG +0.28 points	0.16%	0.44%
International Business Machines CorpIBM	KNCT +0.28 points	1.58%	1.30%
Vodafone Group PLCVOD.L	NXTG +0.26 points	0.31%	0.57%
Equinix IncEQIX	NXTG +0.24 points	1.10%	1.34%
Deutsche Telekom AG	KNCT +0.24 points	0.71%	0.47%
America Movil SAB de CV	NXTG +0.23 points	0.29%	0.52%
Orange SA	NXTG +0.19 points	0.23%	0.42%
KDDI Corp	NXTG +0.14 points	0.42%	0.56%

All 101 KNCT holdings⁠All 98 NXTG 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 NXTG Cost

Overpaying NXTG vs KNCT

$5,516

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

KNCT 0.40%
$8,090
NXTG 0.70%
$13,606

Amount$10,000

Years30 years

Cost over time

KNCT 0.40%
NXTG 0.70%
Overpaying

Year by year

Year	KNCT	NXTG	Overpaying
10	$723	$1,250	$527
20	$2,793	$4,760	$1,967
30	$8,090	$13,606	$5,516

Expense ratio

0.40%KNCT, cheaper
0.70%NXTG

KNCT0.40%NXTG0.70%

0.39%0.70%

Middle half of Metaverse & Connectivity funds
Median 0.64%

KNCT 2nd cheapest of 6 funds

NXTG 5th cheapest of 6 funds

KNCT vs NXTG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): KNCT 0.91%; NXTG 1.36%, better
Payout (12M): KNCT $1.64; NXTG $1.98
Last payment: KNCT $0.72; NXTG $0.63
Ex-dividend: KNCT Sep 21, 2026; NXTG Sep 24, 2026
Paid on: KNCT Sep 25, 2026; NXTG Sep 30, 2026
Frequency: KNCT Quarterly; NXTG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

KNCTQuarterly · 31 paymentsAll KNCT payments⁠

NXTGQuarterly · 35 paymentsAll NXTG payments⁠

KNCT vs NXTG Risk

Fall from peak · 5 years

KNCT
NXTG

Risk facts

VolatilityStd dev, 3 years: KNCT 24.3%NXTG 20.1%, better
Return per unit of riskSharpe ratio, 3 years: KNCT 1.18NXTG 1.28, better
Worst fallMax drawdown, 5 years: KNCT −34.6%NXTG −33.6%, better
Market sensitivityBeta, 5 years: KNCT 1.37NXTG 1.34; Market = 1

Popular comparisons

KNCTBvsFMETB
Invesco Next Gen Connectivity ETF · Fidelity Metaverse ETF
Expense ratio
0.40% · 0.39%
Category
NXTGCvsFMETB
First Trust Indxx NextG ETF · Fidelity Metaverse ETF
Expense ratio
0.70% · 0.39%
Category
KNCTBvsMETVC
Invesco Next Gen Connectivity ETF · Roundhill Metaverse ETF
Expense ratio
0.40% · 0.59%
Category
NXTGCvsMETVC
First Trust Indxx NextG ETF · Roundhill Metaverse ETF
Expense ratio
0.70% · 0.59%
Category
KNCTBvsSNSRC
Invesco Next Gen Connectivity ETF · Global X Internet of Things ETF
Expense ratio
0.40% · 0.68%
Category
NXTGCvsSNSRC
First Trust Indxx NextG ETF · Global X Internet of Things ETF
Expense ratio
0.70% · 0.68%
Category