First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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The chart shows the growth of an initial investment of $10,000 in First Trust NASDAQ ABA Community Bank Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

First Trust NASDAQ ABA Community Bank Index Fund (QABA) has returned 3.40% so far this year and 14.29% over the past 12 months. Over the last ten years, QABA has returned 7.10% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jul 1, 2009, QABA's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, your investment would double in approximately 6.4 years.

Historically, 58% of months were positive and 42% were negative. The best month was Jul 2024 with a return of +19.5%, while the worst month was Mar 2020 at -23.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, QABA closed higher 51% of trading days. The best single day was Nov 6, 2024 with a return of +13.0%, while the worst single day was Mar 9, 2020 at -13.0%.

First Trust NASDAQ ABA Community Bank Index Fund has an annualized alpha of -1.69%, beta of 1.02, and R² of 0.45 versus S&P 500 Index. Calculated based on daily prices since July 02, 2009.

• This ETF participated in 103.21% of S&P 500 Index downside but only 87.29% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.45 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

QABA has an expense ratio of 0.60%, placing it in the medium range.

QABA ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for First Trust NASDAQ ABA Community Bank Index Fund (QABA) and compare them to a chosen benchmark (S&P 500 Index).

First Trust NASDAQ ABA Community Bank Index Fund provided a 2.51% dividend yield over the last twelve months, with an annual payout of $1.46 per share.

The table displays the monthly dividend distributions for First Trust NASDAQ ABA Community Bank Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust NASDAQ ABA Community Bank Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust NASDAQ ABA Community Bank Index Fund was 49.30%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.

The current First Trust NASDAQ ABA Community Bank Index Fund drawdown is 8.47%.

The chart below shows the rolling one-month volatility.