Data as of .
KNCT vs RACK: which is really different?
KNCT and RACK hold 21% of their weight in the same names.
ETFIQ Off-Index Score: RACK scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
21% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, KNCT and RACK hold 21% of their money in the same securities at the same weight.
| Holding | KNCT | RACK |
|---|---|---|
| Micron Technology Inc | 8.07% | 4.58% |
| Broadcom Inc | 7.34% | 4.48% |
| SK hynix Inc | 4.35% | 4.37% |
| Arista Networks Inc | 2.33% | 2.58% |
| Amphenol Corp | 1.40% | 4.41% |
| Marvell Technology Inc | 2.20% | 1.26% |
| QUALCOMM Inc | 1.76% | 1.18% |
| Equinix Inc | 1.04% | 1.40% |
| Lumentum Holdings Inc | 0.75% | 1.33% |
| Synopsys Inc | 0.74% | 0.93% |
| Cadence Design Systems Inc | 0.68% | 0.95% |
| Digital Realty Trust Inc | 0.63% | 1.02% |
| Only in KNCT | Only in RACK |
|---|---|
| Apple Inc 9.00% | Eaton Corp Plc 4.74% |
| Taiwan Semiconductor Manufacturing Co Ltd 8.68% | Nvidia Corp 4.60% |
| Samsung Electronics Co Ltd 6.90% | Cameco Corp 4.22% |
| Intel Corp 4.13% | Constellation Energy Corp 4.01% |
| Cisco Systems Inc 4.00% | Public Service Enterprise Group Inc 3.94% |
| Palo Alto Networks Inc 3.04% | Quanta Services Inc 3.07% |
| Crowdstrike Holdings Inc 2.49% | Oracle Corp 3.04% |
| Verizon Communications Inc 2.07% | Advanced Micro Devices Inc 2.99% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KNCT | RACK | KNCT | RACK | KNCT | RACK | |
| 3 months | −6.3% | −10.7% | −8.5 pts | −12.9 pts | −3.8 pts | −8.2 pts |
| 6 months | +43.0% | not published | +25.0 pts | not published | +18.8 pts | not published |
| 1 year | +60.7% | not published | +44.1 pts | not published | +38.9 pts | not published |
| 3 years | +164.8% | not published | +86.4 pts | not published | +66.7 pts | not published |
| Since launch | +1110.4% | −9.5% | +306.9 pts | −10.2 pts | −579.8 pts | −6.3 pts |
| KNCT Invesco Next Gen Connectivity ETF Holds 116 stocks in digital infrastructure and data centers, 64% of its weight in S&P 500 companies | RACK VanEck Data Center Supply Chain ETF Holds 50 stocks in digital infrastructure and data centers, 77% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | VanEck |
| Theme | Digital infrastructure and data centers | Digital infrastructure and data centers |
| In the S&P 500 | 64.1% | 76.8% |
| Active share vs the S&P 500 | 81.7% | 83.9% |
| In the Nasdaq-100 | 48.5% | 33.6% |
| Holdings | 116 | 50 |
| Top ten, share of the fund | 58.0% | 43.7% |
| Expense ratio | 0.40% | 0.50% |
| Fee for the differing part | 0.49% | 0.60% |
| Total return, 1 year | +60.7% | −9.5% (since launch on Jun 2, 2026) |
| vs the S&P 500 | +44.1 pts | −10.2 pts |
| vs the Nasdaq-100 | +38.9 pts | −6.3 pts |
| Below its high | −8.2% | −11.8% |
| Net assets | $160m | $64m |
KNCT in plain words
By weight, 64% of KNCT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 58% of the fund across 116 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +60.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 44.1 pts. It sits 8.2% below its all-time high of Jun 2, 2026.
RACK in plain words
By weight, 77% of RACK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 84%. The top ten holdings are 44% of the fund across 50 positions, as published by its issuer for Sep 18, 2026. Since it launched on Jun 2, 2026 the fund returned −9.5% with distributions reinvested against +0.8% for the S&P 500, so a holder was behind by 10.2 pts. It sits 11.8% below its all-time high of Jun 22, 2026.
Questions people ask
- Do KNCT and RACK hold the same stocks?
- By their latest filings, 21% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, KNCT or RACK?
- KNCT has 64% of its weight in S&P 500 names and RACK has 77%, so RACK differs more from the index.
- Which is cheaper, KNCT or RACK?
- KNCT charges 0.40% a year and RACK charges 0.50%, so KNCT is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, KNCT against RACK, data as of Sep 18, 2026. https://etfiq.com/compare/themes/knct-vs-rack Free to use with attribution; the underlying files are at Open data.