FISVX vs. QABA
Compare and contrast key facts about Fidelity Small Cap Value Index Fund (FISVX) and First Trust NASDAQ ABA Community Bank Index Fund (QABA).
FISVX is managed by Fidelity. It was launched on Jul 11, 2019. QABA is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX ABA Community Bank Index. It was launched on Jun 29, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FISVX or QABA.
Key characteristics
| FISVX | QABA | |
|---|---|---|
| YTD Return | 16.15% | 26.41% |
| 1Y Return | 38.75% | 57.92% |
| 3Y Return (Ann) | 2.90% | 2.92% |
| 5Y Return (Ann) | 9.82% | 6.89% |
| Sharpe Ratio | 1.75 | 1.94 |
| Sortino Ratio | 2.59 | 2.94 |
| Omega Ratio | 1.31 | 1.36 |
| Calmar Ratio | 1.73 | 1.73 |
| Martin Ratio | 9.62 | 6.99 |
| Ulcer Index | 4.02% | 8.40% |
| Daily Std Dev | 22.05% | 30.31% |
| Max Drawdown | -44.66% | -49.30% |
| Current Drawdown | -1.77% | -0.52% |
Correlation
The correlation between FISVX and QABA is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FISVX vs. QABA - Performance Comparison
In the year-to-date period, FISVX achieves a 16.15% return, which is significantly lower than QABA's 26.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FISVX vs. QABA - Expense Ratio Comparison
FISVX has a 0.05% expense ratio, which is lower than QABA's 0.60% expense ratio.
Risk-Adjusted Performance
FISVX vs. QABA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Value Index Fund (FISVX) and First Trust NASDAQ ABA Community Bank Index Fund (QABA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FISVX vs. QABA - Dividend Comparison
FISVX's dividend yield for the trailing twelve months is around 1.59%, less than QABA's 2.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISVX Fidelity Small Cap Value Index Fund | 1.59% | 2.06% | 1.94% | 1.58% | 1.33% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QABA First Trust NASDAQ ABA Community Bank Index Fund | 2.18% | 2.71% | 2.10% | 1.68% | 2.55% | 1.95% | 1.90% | 1.43% | 1.12% | 1.39% | 1.28% | 1.01% |
Drawdowns
FISVX vs. QABA - Drawdown Comparison
The maximum FISVX drawdown since its inception was -44.66%, smaller than the maximum QABA drawdown of -49.30%. Use the drawdown chart below to compare losses from any high point for FISVX and QABA. For additional features, visit the drawdowns tool.
Volatility
FISVX vs. QABA - Volatility Comparison
The current volatility for Fidelity Small Cap Value Index Fund (FISVX) is 8.03%, while First Trust NASDAQ ABA Community Bank Index Fund (QABA) has a volatility of 14.73%. This indicates that FISVX experiences smaller price fluctuations and is considered to be less risky than QABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.