Data as of .
KNCT vs UFOX: which is really different?
KNCT and UFOX hold 33% of their weight in the same names, and KNCT returned more over the year.
ETFIQ Off-Index Score: UFOX 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
33% 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 UFOX hold 33% of their money in the same securities at the same weight.
| Holding | KNCT | UFOX |
|---|---|---|
| Apple Inc | 9.00% | 5.21% |
| Broadcom Inc | 7.34% | 4.79% |
| Cisco Systems Inc | 4.00% | 3.44% |
| Arista Networks Inc | 2.33% | 2.32% |
| Marvell Technology Inc | 2.20% | 2.21% |
| QUALCOMM Inc | 1.76% | 2.04% |
| AT&T Inc | 1.79% | 1.48% |
| Verizon Communications Inc | 2.07% | 1.42% |
| Cloudflare Inc | 1.06% | 1.64% |
| Equinix Inc | 1.04% | 1.44% |
| T-Mobile US Inc | 0.94% | 1.39% |
| American Tower Corp | 0.83% | 1.45% |
| Only in KNCT | Only in UFOX |
|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd 8.68% | Space Exploration Technologies Corp 5.06% |
| Micron Technology Inc 8.07% | Nvidia Corp 4.86% |
| Samsung Electronics Co Ltd 6.90% | Oracle Corp 2.52% |
| SK hynix Inc 4.35% | Rocket Lab Corp 2.22% |
| Intel Corp 4.13% | Celestica Inc 1.36% |
| Palo Alto Networks Inc 3.04% | Skyworks Solutions Inc 1.35% |
| Crowdstrike Holdings Inc 2.49% | Maxlinear Inc 1.30% |
| Amphenol Corp 1.40% | Qorvo Inc 1.29% |
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 19, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KNCT | UFOX | KNCT | UFOX | KNCT | UFOX | |
| 3 months | −6.3% | −11.6% | −8.5 pts | −13.9 pts | −3.8 pts | −9.2 pts |
| 6 months | +43.0% | +23.9% | +25.0 pts | +5.8 pts | +18.8 pts | −0.4 pts |
| 1 year | +60.7% | +36.4% | +44.1 pts | +19.8 pts | +38.9 pts | +14.6 pts |
| 3 years | +164.8% | +170.3% | +86.4 pts | +92.0 pts | +66.7 pts | +72.2 pts |
| Since launch | +1110.4% | +268.6% | +306.9 pts | +62.5 pts | −579.8 pts | −64.8 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 | UFOX Defiance Space and Connective Tech ETF Holds 64 stocks in digital infrastructure and data centers, 50% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | Defiance |
| Theme | Digital infrastructure and data centers | Digital infrastructure and data centers |
| In the S&P 500 | 64.1% | 49.6% |
| Active share vs the S&P 500 | 81.7% | 83.4% |
| In the Nasdaq-100 | 48.5% | 28.4% |
| Holdings | 116 | 64 |
| Top ten, share of the fund | 58.0% | 34.7% |
| Expense ratio | 0.40% | 0.75% |
| Fee for the differing part | 0.49% | 0.90% |
| Total return, 1 year | +60.7% | +36.4% |
| vs the S&P 500 | +44.1 pts | +19.8 pts |
| vs the Nasdaq-100 | +38.9 pts | +14.6 pts |
| Below its high | −8.2% | −20.8% |
| Net assets | $160m | $947m |
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.
UFOX in plain words
By weight, 50% of UFOX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 35% of the fund across 64 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned +36.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 19.8 pts. It sits 20.8% below its all-time high of Jun 2, 2026.
Questions people ask
- Do KNCT and UFOX hold the same stocks?
- By their latest filings, 33% 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 UFOX?
- KNCT has 64% of its weight in S&P 500 names and UFOX has 50%, so UFOX differs more from the index.
- Which is cheaper, KNCT or UFOX?
- KNCT charges 0.40% a year and UFOX charges 0.75%, 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 UFOX, data as of Sep 18, 2026. https://etfiq.com/compare/themes/knct-vs-ufox Free to use with attribution; the underlying files are at Open data.