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ETFs

Invesco Next Gen Connectivity ETF

KNCT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.40%
Type
Global Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$95,195
AUM
$36,122,677
Associated Index
STOXX World AC NexGen Connectivity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with KNCT

What is KNCT?

The Invesco Dynamic Networking ETF (Fund) is based on the Dynamic Networking Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US networking companies. These are companies that are principally engaged in the development, manufacture, sale or distribution of products, services or technologies that support the flow of electronic information, including voice, data, images and commercial transactions. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toKNCT

ETFs correlated to KNCT include LGRO, CIBR, XAUG

KNCT
Invesco Capital Management LLC - Invesco Next Gen Connectivity ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
CIBR
First Trust Exchange-Traded Fund III - First Trust NASDAQ Cybersecurity ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
IHAK
iShares Trust - iShares Cybersecurity and Tech ETF
HACK
ETF Managers Group LLC - ETFMG Prime Cyber Security ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toKNCT

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with KNCT using Composer

FAQ

KNCT is a Global Equities ETF. The Invesco Dynamic Networking ETF (Fund) is based on the Dynamic Networking Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US networking companies. These are companies that are principally engaged in the development, manufacture, sale or distribution of products, services or technologies that support the flow of electronic information, including voice, data, images and commercial transactions. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

KNCT tracks the STOXX World AC NexGen Connectivity Index.

No, KNCT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KNCT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KNCT is 0.0011%. This is the percent change in the value of KNCT over the most recent 1-month period. The 3-month return on KNCT is 0.0121%. This is the percent change in the value of KNCT over the most recent 3-month period.

The standard deviation of KNCT for the past year is 0.2225%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KNCT include IXJ, SMH, and URA.

ETFs correlated to KNCT include LGRO, CIBR, and XAUG.

ETFs that are inversely correlated to KNCT include HIBS, SH, and TECS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.