KWT vs. QABA
Compare and contrast key facts about iShares MSCI Kuwait ETF (KWT) and First Trust NASDAQ ABA Community Bank Index Fund (QABA).
KWT and QABA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWT is a passively managed fund by iShares that tracks the performance of the MSCI All Kuwait Select Size Liquidity Capped Index. It was launched on Sep 1, 2020. 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. Both KWT and QABA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KWT vs. QABA - Performance Comparison
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KWT vs. QABA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KWT iShares MSCI Kuwait ETF | -5.58% | 25.38% | 11.29% | -4.71% | 5.16% | 30.73% | 9.07% |
QABA First Trust NASDAQ ABA Community Bank Index Fund | 3.40% | 4.62% | 14.49% | -2.18% | -9.01% | 34.20% | 29.37% |
Returns By Period
In the year-to-date period, KWT achieves a -5.58% return, which is significantly lower than QABA's 3.40% return.
KWT
- 1D
- 1.57%
- 1M
- -4.87%
- YTD
- -5.58%
- 6M
- -5.74%
- 1Y
- 6.96%
- 3Y*
- 8.85%
- 5Y*
- 10.06%
- 10Y*
- —
QABA
- 1D
- 1.52%
- 1M
- -0.25%
- YTD
- 3.40%
- 6M
- 5.20%
- 1Y
- 14.29%
- 3Y*
- 13.70%
- 5Y*
- 2.93%
- 10Y*
- 7.10%
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KWT vs. QABA - Expense Ratio Comparison
KWT has a 0.74% expense ratio, which is higher than QABA's 0.60% expense ratio.
Return for Risk
KWT vs. QABA — Risk / Return Rank
KWT
QABA
KWT vs. QABA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kuwait ETF (KWT) 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.
| KWT | QABA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 0.56 | -0.09 |
Sortino ratioReturn per unit of downside risk | 0.75 | 0.93 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.17 | -0.55 |
Martin ratioReturn relative to average drawdown | 1.69 | 2.72 | -1.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KWT | QABA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.56 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.11 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.33 | +0.53 |
Correlation
The correlation between KWT and QABA is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KWT vs. QABA - Dividend Comparison
KWT's dividend yield for the trailing twelve months is around 5.72%, more than QABA's 2.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWT iShares MSCI Kuwait ETF | 5.72% | 5.40% | 6.09% | 2.25% | 5.87% | 7.65% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QABA First Trust NASDAQ ABA Community Bank Index Fund | 2.51% | 2.52% | 2.37% | 2.71% | 2.10% | 1.68% | 2.55% | 1.95% | 1.90% | 1.42% | 1.13% | 1.39% |
Drawdowns
KWT vs. QABA - Drawdown Comparison
The maximum KWT drawdown since its inception was -24.37%, smaller than the maximum QABA drawdown of -49.30%. Use the drawdown chart below to compare losses from any high point for KWT and QABA.
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Drawdown Indicators
| KWT | QABA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.37% | -49.30% | +24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -12.49% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -42.93% | +18.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.30% | — |
Current DrawdownCurrent decline from peak | -10.14% | -8.47% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -11.51% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 5.39% | -1.10% |
Volatility
KWT vs. QABA - Volatility Comparison
The current volatility for iShares MSCI Kuwait ETF (KWT) is 4.32%, while First Trust NASDAQ ABA Community Bank Index Fund (QABA) has a volatility of 4.72%. This indicates that KWT 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.
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Volatility by Period
| KWT | QABA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 4.72% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 16.96% | -5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 25.50% | -10.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 26.59% | -12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.99% | 28.71% | -14.72% |