- ISIN
- US33736Q1040
- CUSIP
- 33736Q104
- Issuer
- First Trust
- Inception Date
- Jun 29, 2009
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ OMX ABA Community Bank Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $83M
Share Price Chart
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Performance
QABA Performance Chart
First Trust NASDAQ ABA Community Bank Index Fund (QABA) is up 14.9% since the beginning of the year. QABA is currently trading at $65 per share. Investors who bought $1,000 worth of QABA shares 5 years ago would now be looking at an investment worth $1,304.
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Returns By Period
First Trust NASDAQ ABA Community Bank Index Fund (QABA) has returned 14.92% so far this year and 27.75% over the past 12 months. Over the last ten years, QABA has returned 8.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust NASDAQ ABA Community Bank Index Fund
- 1D
- 0.78%
- 1M
- 4.24%
- YTD
- 14.92%
- 6M
- 11.00%
- 1Y
- 27.75%
- 3Y*
- 21.57%
- 5Y*
- 5.46%
- 10Y*
- 8.15%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QABA Monthly Returns History
Based on dividend-adjusted daily data since Jul 1, 2009, QABA's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.13% | -2.33% | -0.25% | 5.88% | 1.15% | 3.78% | 14.92% | ||||||
| 2025 | 3.48% | -1.82% | -6.84% | -3.29% | 4.07% | 3.54% | -0.14% | 8.38% | -3.69% | -4.78% | 5.06% | 1.70% | 4.62% |
| 2024 | -6.11% | -3.65% | 3.86% | -5.54% | 2.84% | 2.73% | 19.53% | -0.89% | -2.40% | 2.08% | 14.48% | -9.62% | 14.49% |
| 2023 | 1.56% | 0.43% | -19.20% | -6.65% | -6.83% | 6.69% | 15.90% | -7.81% | -5.22% | -3.25% | 10.95% | 17.66% | -2.18% |
| 2022 | -0.07% | 1.58% | -5.81% | -9.01% | 4.97% | -6.81% | 8.93% | -2.34% | -4.24% | 11.61% | 1.69% | -7.52% | -9.01% |
| 2021 | 3.10% | 15.44% | 6.94% | 1.38% | 2.75% | -6.17% | -3.71% | 3.87% | 2.20% | 3.52% | -1.59% | 3.59% | 34.20% |
Benchmark Metrics
First Trust NASDAQ ABA Community Bank Index Fund has an annualized alpha of -1.75%, beta of 1.01, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since July 01, 2009.
- This ETF participated in 101.50% of S&P 500 Index downside but only 85.69% 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.
- Alpha
- -1.75%
- Beta
- 1.01
- R²
- 0.45
- Upside Capture
- 85.69%
- Downside Capture
- 101.50%
Expense Ratio
QABA has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QABA ranks 38 for risk / return — below 38% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust NASDAQ ABA Community Bank Index Fund (QABA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QABA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.78 | -0.55 |
| Martin ratioReturn relative to average drawdown | 5.58 | 12.44 | -6.86 |
Dividends
Dividend History
First Trust NASDAQ ABA Community Bank Index Fund provided a 2.26% dividend yield over the last twelve months, with an annual payout of $1.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.46 | $1.43 | $1.32 | $1.35 | $1.11 | $0.99 | $1.14 | $1.01 | $0.82 | $0.75 | $0.60 | $0.54 |
Dividend yield | 2.26% | 2.52% | 2.37% | 2.71% | 2.10% | 1.68% | 2.55% | 1.95% | 1.90% | 1.42% | 1.13% | 1.39% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.34 | ||||||
| 2025 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.49 | $1.43 |
| 2024 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.34 | $1.32 |
| 2023 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.36 | $1.35 |
| 2022 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.28 | $1.11 |
| 2021 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.32 | $0.99 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 1.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -49.30%Mar 2020 | 1y 9mo | 11mo 8d | 2y 8moJun 2018 - Feb 2021 |
2023 bear market2023 | -42.93%May 2023 | 1y 3mo | 1y 6mo | 2y 9moJan 2022 - Nov 2024 |
2011 bear market2011 | -32.59%Oct 2011 | 1y 5mo | 1y 3mo | 2y 9moApr 2010 - Jan 2013 |
2025 selloff2025 | -25.82%Apr 2025 | 4mo 16d | 9mo 15d | 1y 1moNov 2024 - Jan 2026 |
2016 bear market2016 | -22.48%Feb 2016 | 2mo 11d | 6mo 21d | 9mo 2dDec 2015 - Aug 2016 |
Drawdown Indicators
| QABA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.30% | -56.78% | +7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -9.10% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.82% | -18.90% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -42.93% | -25.43% | -17.50% |
Max Drawdown (10Y)Largest decline over 10 years | -49.30% | -33.92% | -15.38% |
Current DrawdownCurrent decline from peak | -1.62% | -1.80% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -10.71% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 2.03% | +2.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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