Data as of .
KNCT vs WUGI: which is really different?
KNCT and WUGI hold 22% of their weight in the same names, and KNCT returned more over the year.
ETFIQ Off-Index Score: KNCT 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
22% 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 WUGI hold 22% of their money in the same securities at the same weight.
| Holding | KNCT | WUGI |
|---|---|---|
| Micron Technology Inc | 8.07% | 7.26% |
| Intel Corp | 4.13% | 5.03% |
| Broadcom Inc | 7.34% | 3.88% |
| Marvell Technology Inc | 2.20% | 5.85% |
| QUALCOMM Inc | 1.76% | 2.05% |
| Cloudflare Inc | 1.06% | 1.89% |
| Synopsys Inc | 0.74% | 2.21% |
| Cadence Design Systems Inc | 0.68% | 2.75% |
| CoreWeave Inc | 0.34% | 0.90% |
| MACOM Technology Solutions Holdings Inc | 0.12% | 0.97% |
| Only in KNCT | Only in WUGI |
|---|---|
| Apple Inc 9.00% | TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 8.24% |
| Taiwan Semiconductor Manufacturing Co Ltd 8.68% | APPLIED MATERIALS INC 5.89% |
| Samsung Electronics Co Ltd 6.90% | ADVANCED MICRO DEVICES INC 5.49% |
| SK hynix Inc 4.35% | NVIDIA CORP 4.83% |
| Cisco Systems Inc 4.00% | ASML HOLDING NV 4.58% |
| Palo Alto Networks Inc 3.04% | SANDISK CORP 4.54% |
| Crowdstrike Holdings Inc 2.49% | AMAZON.COM INC 4.53% |
| Arista Networks Inc 2.33% | ALPHABET INC 4.31% |
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 Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KNCT | WUGI | KNCT | WUGI | KNCT | WUGI | |
| 3 months | −6.3% | −10.3% | −8.5 pts | −12.6 pts | −3.8 pts | −7.8 pts |
| 6 months | +43.0% | +30.2% | +25.0 pts | +12.2 pts | +18.8 pts | +6.0 pts |
| 1 year | +60.7% | +17.5% | +44.1 pts | +1.0 pts | +38.9 pts | −4.2 pts |
| 3 years | +164.8% | +141.2% | +86.4 pts | +62.8 pts | +66.7 pts | +43.0 pts |
| Since launch | +1110.4% | +324.9% | +306.9 pts | +101.7 pts | −579.8 pts | +31.6 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 | WUGI AXS Esoterica NextG Economy ETF Holds 31 stocks in digital infrastructure and data centers, 76% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | AXS |
| Theme | Digital infrastructure and data centers | Digital infrastructure and data centers |
| In the S&P 500 | 64.1% | 75.8% |
| Active share vs the S&P 500 | 81.7% | 75.1% |
| In the Nasdaq-100 | 48.5% | 69.2% |
| Holdings | 116 | 31 |
| Top ten, share of the fund | 58.0% | 56.2% |
| Expense ratio | 0.40% | 0.84% |
| Fee for the differing part | 0.49% | 1.12% |
| Total return, 1 year | +60.7% | +17.5% |
| vs the S&P 500 | +44.1 pts | +1.0 pts |
| vs the Nasdaq-100 | +38.9 pts | −4.2 pts |
| Below its high | −8.2% | −10.8% |
| Net assets | $160m | $33m |
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.
WUGI in plain words
By weight, 76% of WUGI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 75%. The top ten holdings are 56% of the fund across 31 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +17.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 1.0 pts. It sits 10.8% below its all-time high of Jun 30, 2026.
Questions people ask
- Do KNCT and WUGI hold the same stocks?
- By their latest filings, 22% 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 WUGI?
- KNCT has 64% of its weight in S&P 500 names and WUGI has 76%, so KNCT differs more from the index.
- Which is cheaper, KNCT or WUGI?
- KNCT charges 0.40% a year and WUGI charges 0.84%, 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 WUGI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/knct-vs-wugi Free to use with attribution; the underlying files are at Open data.