QABA Alternatives & Similar ETFs

First Trust NASDAQ ABA Community Bank Index Fund (QABA) belongs to the Financials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QABA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QABA

QABA charges 0.60% annually. There are 28 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.08%.

Symbol	Name	Expense Ratio	AUM	Inception
XLF	State Street Financial Select Sector SPDR ETF	0.08%	57.61B	Dec 1998	QABA vs XLF
FNCL	Fidelity MSCI Financials Index ETF	0.08%	2.23B	Oct 2013	QABA vs FNCL
VFH	Vanguard Financials ETF	0.09%	13.90B	Jan 2004	QABA vs VFH
GABF	Gabelli Financial Services Opportunities ETF	0.10%	50.20M	May 2022	QABA vs GABF
TRUF	VanEck Financials TruSector ETF	0.10%	593.86K	Apr 2026	QABA vs TRUF

Best Risk-Adjusted Alternatives to QABA

QABA has a PortfoliosLab risk / return rank of 61. There are 6 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
HSBH	HSBC Holdings plc ADRhedged ETF	95	5.04M	Oct 2024	QABA vs HSBH
GSIB	Themes Global Systemically Important Banks ETF	90	48.36M	Dec 2023	QABA vs GSIB
EUFN	iShares MSCI Europe Financials ETF	74	4.20B	Jan 2010	QABA vs EUFN
PSCF	Invesco S&P SmallCap Financials ETF	67	27.49M	Apr 2010	QABA vs PSCF
KBWB	Invesco KBW Bank ETF	65	6.70B	Nov 2011	QABA vs KBWB

Top Performing QABA Alternatives (YTD)

QABA is at 23.18% YTD. There is 1 ETF in the Financials Equities category with a higher YTD return, going as high as 38.03%.

Symbol	Name	YTD Return	AUM	Inception
HSBH	HSBC Holdings plc ADRhedged ETF	38.03%	5.04M	Oct 2024	QABA vs HSBH
GSIB	Themes Global Systemically Important Banks ETF	22.66%	48.36M	Dec 2023	QABA vs GSIB
PBEU	Portfolio Building Block European Banks Index ETF	21.81%	438.81M	Nov 2025	QABA vs PBEU
KRE	SPDR S&P Regional Banking ETF	18.73%	4.62B	Jun 2006	QABA vs KRE
PSCF	Invesco S&P SmallCap Financials ETF	17.94%	27.49M	Apr 2010	QABA vs PSCF

Lowest Volatility Alternatives to QABA

QABA has 22.01% 1-year volatility. There are 34 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 11.88%.

Symbol	Name	Volatility 1Y	AUM	Inception
XLFI	State Street Financial Select Sector SPDR Premium ...	11.88%	7.51M	Jul 2025	QABA vs XLFI
KWT	iShares MSCI Kuwait ETF	13.36%	68.36M	Sep 2020	QABA vs KWT
TRUF	VanEck Financials TruSector ETF	13.53%	593.86K	Apr 2026	QABA vs TRUF
IXG	iShares Global Financials ETF	14.12%	690.89M	Nov 2001	QABA vs IXG
IYF	iShares U.S. Financials ETF	14.67%	4.43B	May 2000	QABA vs IYF

Lowest Drawdown Alternatives to QABA

QABA has a 1-year max drawdown of -12.49%. There are 8 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -7.62%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
IAK	iShares U.S. Insurance ETF	-7.62%	537.00M	May 2006	QABA vs IAK
KBWP	Invesco KBW Property & Casualty Insurance ETF	-9.56%	272.55M	Dec 2010	QABA vs KBWP
PSCF	Invesco S&P SmallCap Financials ETF	-9.91%	27.49M	Apr 2010	QABA vs PSCF
IXG	iShares Global Financials ETF	-11.33%	690.89M	Nov 2001	QABA vs IXG
KWT	iShares MSCI Kuwait ETF	-11.54%	68.36M	Sep 2020	QABA vs KWT

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	39	28.86%	14.31B	Jul 2015	QABA vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Infrastructure Equities, Alternative Energy Equities, Energy Equities	49	17.75%	11.67B	Nov 2009	QABA vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	54	19.12%	10.18B	Mar 2014	QABA vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	8	-5.91%	118.19M	Feb 2012	QABA vs NFTY
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	92	18.16%	7.77B	Mar 2006	QABA vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	25	-6.56%	514.13M	Mar 2021	QABA vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	91	67.20%	1.27B	Sep 2016	QABA vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	43	14.88%	4.18B	Aug 2012	QABA vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities, Energy Equities	39	10.48%	586.61M	Feb 2007	QABA vs QCLN
RDVY	First Trust Rising Dividend Achievers ETF	Dividend, Large Cap Blend Equities	85	17.25%	24.89B	Jan 2014	QABA vs RDVY

Often Compared With QABA

Investors most often compare QABA with FISVX, QQQ, FXAIX. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FISVX	Fidelity Small Cap Value Index Fund	Small Cap Value Equities	91	23.30%	—	Jul 2019	QABA vs FISVX
QQQ	Invesco QQQ ETF	Nasdaq-100	49	12.26%	452.80B	Mar 1999	QABA vs QQQ
FXAIX	Fidelity 500 Index Fund	S&P 500	64	9.35%	—	Feb 1988	QABA vs FXAIX
TIME	Clockwise U.S. Core Equity ETF	Technology Equities	40	6.68%	19.49M	Jan 2022	QABA vs TIME
AVUV	Avantis US Small Cap Value ETF	Small Cap Value Equities	91	23.62%	30.19B	Sep 2019	QABA vs AVUV
KBE	State Street SPDR S&P Bank ETF	Financials Equities	51	16.05%	1.65B	Nov 2005	QABA vs KBE
KCE	SPDR S&P Capital Markets ETF	Financials Equities	18	7.80%	455.34M	Nov 2005	QABA vs KCE
BIZD	VanEck BDC Income ETF	Financials Equities	3	-7.38%	1.57B	Feb 2013	QABA vs BIZD
FBDC	FT Confluence BDC & Specialty Finance Income ETF	Financials Equities	4	-7.31%	33.83M	Jun 2025	QABA vs FBDC
FTXO	First Trust Nasdaq Bank ETF	Financials Equities	51	13.13%	309.49M	Sep 2016	QABA vs FTXO
IAT	iShares U.S. Regional Banks ETF	Financials Equities	53	16.55%	674.15M	May 2006	QABA vs IAT
PEX	ProShares Global Listed Private Equity ETF	Financials Equities	4	-6.82%	11.02M	Feb 2013	QABA vs PEX
PFI	Invesco Dorsey Wright Financial Momentum ETF	Momentum, Financials Equities	29	9.21%	59.33M	Oct 2006	QABA vs PFI
FXO	First Trust Financials AlphaDEX Fund	Financials Equities	45	10.50%	1.13B	May 2007	QABA vs FXO
IYG	iShares U.S. Financial Services ETF	Financials Equities	26	4.15%	2.17B	Jun 2000	QABA vs IYG
PBDC	Putnam BDC Income ETF	Financials Equities	3	-9.20%	282.33M	Sep 2022	QABA vs PBDC
GPZ	VanEck Alternative Asset Manager ETF	Financials Equities	5	-14.18%	242.96M	Jun 2025	QABA vs GPZ
IAI	iShares U.S. Broker-Dealers & Securities Exchanges...	Financials Equities	19	4.55%	1.35B	May 2006	QABA vs IAI
KBWD	Invesco KBW High Dividend Yield Financial ETF	Financials Equities, Dividend	10	-5.22%	405.49M	Dec 2010	QABA vs KBWD
DFNL	Davis Select Financial ETF	Financials Equities	52	6.12%	300.51M	Jan 2017	QABA vs DFNL

Compare QABA with Any Fund or Stock

Compare QABA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair QABA with funds that move differently

First Trust NASDAQ ABA Community Bank Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QABA.

Explore QABA Diversifiers

First Trust NASDAQ ABA Community Bank Index Fund (QABA) Alternatives