KNCT vs PHEQ

Comparison between INVESCO NEXT GEN CONNECTIVITY ETF (KNCT, ETF) and PARAMETRIC HEDGED EQUITY ETF (PHEQ, ETF).

KNCT vs PHEQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KNCT(ETF)	PHEQ(ETF)
Net Assets	$134M	$133M
Expense Ratio	0.40%	0.29%
Max Drawdown	57.18%	12.74%
Sharpe Ratio	2.42	1.77
5Y Beta	1.16	0.53
P/E Ratio	38.66	29.02
Forward P/E	24.77	21.94
PEG Ratio	0.15	N/A
5Y Dividends CAGR	57.22%	N/A
5Y EPS CAGR	21.67%	25.36%
Debt to Equity	46.39%	56.36%
P/S Ratio	6.28	3.37
P/B Ratio	7.62	5.40

Net Assets

Winner

KNCT

$134M

PHEQ

$133M

Expense Ratio

KNCT

0.40%

Winner

PHEQ

0.29%

Max Drawdown

KNCT

57.18%

Winner

PHEQ

12.74%

Sharpe Ratio

Winner

KNCT

2.42

PHEQ

1.77

5Y Beta

KNCT

1.16

Winner

PHEQ

0.53

P/E Ratio

KNCT

38.66

Winner

PHEQ

29.02

Forward P/E

KNCT

24.77

Winner

PHEQ

21.94

PEG Ratio

KNCT

0.15

PHEQ

N/A

5Y Dividends CAGR

KNCT

57.22%

PHEQ

N/A

5Y EPS CAGR

KNCT

21.67%

Winner

PHEQ

25.36%

Debt to Equity

Winner

KNCT

46.39%

PHEQ

56.36%

P/S Ratio

KNCT

6.28

Winner

PHEQ

3.37

P/B Ratio

KNCT

7.62

Winner

PHEQ

5.40

KNCT vs PHEQ - Holdings Comparison

KNCT and PHEQ have 22 common holdings. Overlap is 14.50%

KNCT's top 25 holdings weight is 79.77%. PHEQ's top 25 holdings weight is 53.61%.

Rank	KNCT	PHEQ
#1	MICRON TECHNOLOGY INC (MU) - 8.75%	NVIDIA CORP (NVDA) - 7.31%
#2	SAMSUNG ELECTRONICS CO LTD (n/a) - 8.00%	APPLE INC (AAPL) - 6.70%
#3	BROADCOM INC (AVGO) - 7.12%	MICROSOFT CORP (MSFT) - 4.74%
#4	n/a (n/a) - 7.02%	AMAZON.COM INC (AMZN) - 3.67%
#5	APPLE INC (AAPL) - 6.83%	ALPHABET INC CLASS A (GOOGL) - 3.15%
#6	INTEL CORP (INTC) - 6.20%	ALPHABET INC CLASS C (GOOG) - 2.73%
#7	SK HYNIX INC (n/a) - 5.44%	BROADCOM INC (AVGO) - 2.61%
#8	CISCO SYSTEMS INC (CSCO) - 4.58%	META PLATFORMS INC CLASS A (META) - 2.20%
#9	QUALCOMM INC (QCOM) - 2.82%	TESLA INC (TSLA) - 1.78%
#10	PALO ALTO NETWORKS INC (PANW) - 2.22%	EXXON MOBIL CORP (XOM) - 1.70%
#11	VERIZON COMMUNICATIONS INC (VZ) - 2.17%	JPMORGAN CHASE & CO (JPM) - 1.64%
#12	MARVELL TECHNOLOGY INC (MRVL) - 1.93%	ELI LILLY AND CO (LLY) - 1.58%
#13	ARISTA NETWORKS INC (ANET) - 1.90%	JOHNSON & JOHNSON (JNJ) - 1.48%
#14	AT&T INC (T) - 1.84%	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.36%
#15	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.82%	WALMART INC (WMT) - 1.27%
#16	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.80%	VISA INC CLASS A (V) - 1.11%
#17	SOFTBANK GROUP CORP (n/a) - 1.19%	COSTCO WHOLESALE CORP (COST) - 1.04%
#18	AMPHENOL CORP CLASS A (APH) - 1.15%	CISCO SYSTEMS INC (CSCO) - 1.00%
#19	EQUINIX INC (EQIX) - 1.12%	PUT ON S&P 500 MAR27 (n/a) - 1.00%
#20	T-MOBILE US INC (TMUS) - 1.12%	CHEVRON CORP (CVX) - 0.99%
#21	SYNOPSYS INC (SNPS) - 1.06%	MASTERCARD INC CLASS A (MA) - 0.94%
#22	NOKIA OYJ (n/a) - 0.94%	PUT ON S&P 500 DEC26 (n/a) - 0.92%
#23	CADENCE DESIGN SYSTEMS INC (CDNS) - 0.93%	ABBVIE INC (ABBV) - 0.91%
#24	AMERICAN TOWER CORP (AMT) - 0.92%	NETFLIX INC (NFLX) - 0.90%
#25	CIENA CORP (CIEN) - 0.90%	MERCK & CO INC (MRK) - 0.88%
Total Holdings	111	212

KNCT vs PHEQ - Historical Returns

Returns include dividend reinvestment.

Period	KNCT	PHEQ
1 month	+8.88%	+0.94%
3 months	+34.98%	+5.42%
6 months	+43.82%	+5.59%
1 year	+76.17%	+15.83%
5 years(CAGR)	+18.91%	N/A
10 years(CAGR)	+19.95%	N/A
Max(CAGR)	+13.54%	+15.08%

Winner

KNCT

+8.88%

PHEQ

+0.94%

Winner

KNCT

+34.98%

PHEQ

+5.42%

Winner

KNCT

+43.82%

PHEQ

+5.59%

Winner

KNCT

+76.17%

PHEQ

+15.83%

5Y(CAGR)

KNCT

+18.91%

PHEQ

N/A

10Y(CAGR)

KNCT

+19.95%

PHEQ

N/A

Max(CAGR)

KNCT

+13.54%

Winner

PHEQ

+15.08%

KNCT vs PHEQ - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	KNCT	PHEQ
2026	+42.59%	+4.67%
2025	+28.77%	+11.81%
2024	+21.30%	+15.16%
2023	+27.92%	+7.19%
2022	-28.14%	N/A
2021	+24.57%	N/A
2020	+37.18%	N/A
2019	+27.44%	N/A
2018	+5.34%	N/A
2017	+15.63%	N/A
2016	+20.74%	N/A
2015	+0.56%	N/A
2014	+12.71%	N/A
2013	+21.29%	N/A
2012	+3.25%	N/A
2011	-9.67%	N/A
2010	+43.61%	N/A
2009	+63.13%	N/A
2008	-36.85%	N/A
2007	+1.86%	N/A
2006	+11.49%	N/A
2005	+3.65%	N/A

KNCT vs PHEQ Drawdown Comparison

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

The maximum drawdown for PHEQ was -12.55%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.

The current KNCT drawdown is -11.59%. The current PHEQ drawdown is -0.82%.

Rank	KNCT	PHEQ
#1	-57.18% Jul 19, 2007 - Apr 6, 2010	-12.55% Feb 19, 2025 - Jun 26, 2025
#2	-34.55% Nov 9, 2021 - Jul 8, 2024	-4.26% Jan 12, 2026 - Apr 13, 2026
#3	-31.91% Feb 14, 2011 - Aug 8, 2013	-4.11% Jul 10, 2024 - Aug 19, 2024
#4	-31.71% Feb 6, 2020 - Jun 1, 2020	-2.60% Oct 19, 2023 - Nov 2, 2023
#5	-30.00% Jun 18, 2015 - Sep 19, 2016	-2.14% Nov 11, 2025 - Nov 28, 2025
#6	-26.16% Apr 5, 2006 - Jan 11, 2007	-1.74% Mar 28, 2024 - May 6, 2024
#7	-22.36% Sep 14, 2018 - Feb 27, 2019	-1.70% Aug 29, 2024 - Sep 12, 2024
#8	-21.40% Feb 18, 2025 - Jun 10, 2025	-1.70% Dec 26, 2024 - Jan 17, 2025
#9	-17.04% Apr 26, 2010 - Sep 13, 2010	-1.41% Oct 8, 2025 - Oct 20, 2025
#10	-14.58% Apr 29, 2019 - Jan 13, 2020	-1.37% Dec 6, 2024 - Dec 24, 2024
#11	-14.06% Feb 12, 2021 - Jul 9, 2021	-1.30% Jul 28, 2025 - Aug 12, 2025
#12	-13.45% Mar 20, 2014 - Nov 28, 2014	-1.02% Nov 11, 2024 - Nov 22, 2024
#13	-13.07% Jul 16, 2024 - Oct 11, 2024	-0.95% Oct 29, 2024 - Nov 6, 2024
#14	-11.59% Jun 2, 2026 - Jun 5, 2026	-0.92% Dec 28, 2023 - Jan 9, 2024
#15	-11.22% Sep 2, 2020 - Nov 27, 2020	-0.85% Oct 28, 2025 - Nov 11, 2025

Correlation

Correlation between KNCT and PHEQ is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2010 - 2026)

KNCT vs PHEQ dividend yield comparison.

Year	KNCT	PHEQ
2026	0.16%	0.08%
2025	0.86%	1.19%
2024	1.38%	1.39%
2023	0.60%	1.73%
2022	2.24%	0.00%
2021	0.55%	0.00%
2020	0.18%	0.00%
2019	0.44%	0.00%
2018	1.22%	0.00%
2017	0.66%	0.00%
2016	0.44%	0.00%
2013	0.64%	0.00%
2012	0.24%	0.00%
2010	0.41%	0.00%