GCAL vs KNCT

Comparison between GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF (GCAL, ETF) and INVESCO NEXT GEN CONNECTIVITY ETF (KNCT, ETF).

GCAL vs KNCT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GCAL(ETF)	KNCT(ETF)
Net Assets	$173M	$173M
Expense Ratio	0.30%	0.40%
Max Drawdown	5.11%	57.18%
Sharpe Ratio	0.95	1.88
5Y Beta	0.01	1.20
P/E Ratio	N/A	35.45
Forward P/E	N/A	18.85
PEG Ratio	N/A	0.08
5Y Dividends CAGR	N/A	65.14%
5Y EPS CAGR	N/A	24.07%
Debt to Equity	N/A	47.54%
P/S Ratio	N/A	6.34
P/B Ratio	N/A	7.65

Net Assets

GCAL

$173M

Winner

KNCT

$173M

Expense Ratio

Winner

GCAL

0.30%

KNCT

0.40%

Max Drawdown

Winner

GCAL

5.11%

KNCT

57.18%

Sharpe Ratio

GCAL

0.95

Winner

KNCT

1.88

5Y Beta

Winner

GCAL

0.01

KNCT

1.20

P/E Ratio

GCAL

N/A

KNCT

35.45

Forward P/E

GCAL

N/A

KNCT

18.85

PEG Ratio

GCAL

N/A

KNCT

0.08

5Y Dividends CAGR

GCAL

N/A

KNCT

65.14%

5Y EPS CAGR

GCAL

N/A

KNCT

24.07%

Debt to Equity

GCAL

N/A

KNCT

47.54%

P/S Ratio

GCAL

N/A

KNCT

6.34

P/B Ratio

GCAL

N/A

KNCT

7.65

GCAL vs KNCT - Historical Returns

Returns include dividend reinvestment.

Period	GCAL	KNCT
1 month	-1.08%	-6.77%
3 months	-0.50%	+17.55%
6 months	+0.16%	+38.13%
1 year	+5.35%	+63.69%
5 years(CAGR)	N/A	+17.03%
10 years(CAGR)	N/A	+19.40%
Max(CAGR)	+3.47%	+13.39%

Winner

GCAL

-1.08%

KNCT

-6.77%

GCAL

-0.50%

Winner

KNCT

+17.55%

GCAL

+0.16%

Winner

KNCT

+38.13%

GCAL

+5.35%

Winner

KNCT

+63.69%

5Y(CAGR)

GCAL

N/A

KNCT

+17.03%

10Y(CAGR)

GCAL

N/A

KNCT

+19.40%

Max(CAGR)

GCAL

+3.47%

Winner

KNCT

+13.39%

GCAL vs KNCT - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	GCAL	KNCT
2026	+0.65%	+40.95%
2025	+4.44%	+28.77%
2024	+1.65%	+21.30%
2023	N/A	+27.92%
2022	N/A	-28.14%
2021	N/A	+24.57%
2020	N/A	+37.18%
2019	N/A	+27.44%
2018	N/A	+5.34%
2017	N/A	+15.63%
2016	N/A	+20.74%
2015	N/A	+0.56%
2014	N/A	+12.71%
2013	N/A	+21.29%
2012	N/A	+3.25%
2011	N/A	-9.67%
2010	N/A	+43.61%
2009	N/A	+63.13%
2008	N/A	-36.85%
2007	N/A	+1.86%
2006	N/A	+11.49%
2005	N/A	+3.65%

GCAL vs KNCT Drawdown Comparison

The maximum drawdown for GCAL was -4.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.

The maximum drawdown for KNCT was -57.18%, occurring on Nov 21, 2008. Recovery took 683 trading sessions.

The current GCAL drawdown is -1.54%. The current KNCT drawdown is -12.61%.

Rank	GCAL	KNCT
#1	-4.39% Mar 3, 2025 - Sep 8, 2025	-57.18% Jul 19, 2007 - Apr 6, 2010
#2	-2.24% Feb 27, 2026 - Jun 26, 2026	-34.55% Nov 9, 2021 - Jul 8, 2024
#3	-1.97% Dec 4, 2024 - Feb 25, 2025	-31.91% Feb 14, 2011 - Aug 8, 2013
#4	-1.92% Oct 1, 2024 - Dec 2, 2024	-31.71% Feb 6, 2020 - Jun 1, 2020
#5	-1.54% Jul 2, 2026 - Jul 23, 2026	-30.00% Jun 18, 2015 - Sep 19, 2016
#6	-0.80% Aug 5, 2024 - Sep 4, 2024	-26.16% Apr 5, 2006 - Jan 11, 2007
#7	-0.45% Sep 17, 2025 - Oct 8, 2025	-22.36% Sep 14, 2018 - Feb 27, 2019
#8	-0.40% Nov 11, 2025 - Nov 25, 2025	-21.40% Feb 18, 2025 - Jun 10, 2025
#9	-0.36% Jan 16, 2026 - Jan 30, 2026	-17.04% Apr 26, 2010 - Sep 13, 2010
#10	-0.35% Nov 26, 2025 - Dec 18, 2025	-14.61% Jun 2, 2026 - Jul 17, 2026
#11	-0.27% Oct 24, 2025 - Nov 10, 2025	-14.58% Apr 29, 2019 - Jan 13, 2020
#12	-0.16% Sep 16, 2024 - Sep 27, 2024	-14.06% Feb 12, 2021 - Jul 9, 2021
#13	-0.14% Dec 24, 2025 - Dec 29, 2025	-13.45% Mar 20, 2014 - Nov 28, 2014
#14	-0.10% Oct 22, 2025 - Oct 24, 2025	-13.07% Jul 16, 2024 - Oct 11, 2024
#15	-0.09% Feb 25, 2025 - Feb 28, 2025	-11.22% Sep 2, 2020 - Nov 27, 2020

Correlation

Correlation between GCAL and KNCT is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2010 - 2026)

GCAL vs KNCT dividend yield comparison.

Year	GCAL	KNCT
2026	1.82%	0.37%
2025	3.06%	0.86%
2024	1.41%	1.38%
2023	0.00%	0.60%
2022	0.00%	2.24%
2021	0.00%	0.55%
2020	0.00%	0.18%
2019	0.00%	0.44%
2018	0.00%	1.22%
2017	0.00%	0.66%
2016	0.00%	0.44%
2013	0.00%	0.64%
2012	0.00%	0.24%
2010	0.00%	0.41%