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QABA vs. EUFN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QABA vs. EUFN

Last updated Jun 23, 2026

QABA (First Trust NASDAQ ABA Community Bank Index Fund) and EUFN (iShares MSCI Europe Financials ETF) are both Financials Equities funds - QABA tracks the NASDAQ OMX ABA Community Bank Index while EUFN tracks the MSCI Europe Financials Index (Net). Both are passively managed. Over the past 10 years, QABA returned 8.15%/yr vs 14.32%/yr for EUFN. A 0.57 correlation means they provide meaningful diversification when combined. QABA charges 0.60%/yr vs 0.49%/yr for EUFN.

Performance

QABA vs. EUFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ ABA Community Bank Index Fund (QABA) and iShares MSCI Europe Financials ETF (EUFN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QABA achieves a 14.92% return, which is significantly higher than EUFN's 8.60% return. Over the past 10 years, QABA has underperformed EUFN with an annualized return of 8.15%, while EUFN has yielded a comparatively higher 14.32% annualized return.

QABA

1D
0.78%
1M
4.24%
YTD
14.92%
6M
11.00%
1Y
27.75%
3Y*
21.57%
5Y*
5.46%
10Y*
8.15%

EUFN

1D
0.96%
1M
5.55%
YTD
8.60%
6M
8.95%
1Y
34.30%
3Y*
34.36%
5Y*
20.23%
10Y*
14.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QABA vs. EUFN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QABA
First Trust NASDAQ ABA Community Bank Index Fund		14.92%4.62%14.49%-2.18%-9.01%34.20%-10.70%22.85%-16.47%0.75%
EUFN
iShares MSCI Europe Financials ETF		8.60%65.73%17.20%26.15%-8.78%19.13%-8.55%20.73%-23.14%26.94%

Correlation

The correlation between QABA and EUFN is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.48

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (10Y)
Calculated over the trailing 10-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2010

0.57

The correlation between QABA and EUFN shifts across timeframes, from 0.44 (1 year) to 0.57 (10 years), reflecting how their relationship changes across market environments.

QABA vs. EUFN - Sectors Allocation Comparison

Sectors
QABA
EUFN

Financial Services

99.7%
97.8%

Industrials

0.3%
0.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.2%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

1.0%

Utilities

-

-

Financial Services

QABA
99.7%
EUFN
97.8%

Industrials

QABA
0.3%
EUFN
0.4%

Basic Materials

QABA

-

EUFN

-

Communication Services

QABA

-

EUFN

-

Consumer Cyclical

QABA

-

EUFN
0.2%

Consumer Defensive

QABA

-

EUFN

-

Energy

QABA

-

EUFN

-

Healthcare

QABA

-

EUFN

-

Real Estate

QABA

-

EUFN

-

Technology

QABA

-

EUFN
1.0%

Utilities

QABA

-

EUFN

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust NASDAQ ABA Community Bank Index Fund

iShares MSCI Europe Financials ETF

Often compared with QABA:
QABA vs. FISVXQABA vs. QQQQABA vs. VFHQABA vs. IAKQABA vs. FXAIXQABA vs. TIMEQABA vs. AVUV
Often compared with EUFN:
EUFN vs. FDDEUFN vs. XLFEUFN vs. SPYEUFN vs. GSIBEUFN vs. EURLEUFN vs. EIRLEUFN vs. IEUR

Return for Risk

QABA vs. EUFN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QABA
QABA Risk / Return Rank: 3838
Overall Rank
QABA Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
QABA Sortino Ratio Rank: 3636
Sortino Ratio Rank
QABA Omega Ratio Rank: 3636
Omega Ratio Rank
QABA Calmar Ratio Rank: 4646
Calmar Ratio Rank
QABA Martin Ratio Rank: 3737
Martin Ratio Rank
EUFN
EUFN Risk / Return Rank: 5050
Overall Rank
EUFN Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
EUFN Sortino Ratio Rank: 5252
Sortino Ratio Rank
EUFN Omega Ratio Rank: 4747
Omega Ratio Rank
EUFN Calmar Ratio Rank: 4848
Calmar Ratio Rank
EUFN Martin Ratio Rank: 4949
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QABA vs. EUFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ ABA Community Bank Index Fund (QABA) and iShares MSCI Europe Financials ETF (EUFN). 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.

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.

QABAEUFNDifference
Sharpe ratioReturn per unit of total volatility
1.24
1.73

-0.49

Sortino ratioReturn per unit of downside risk
1.82
2.44

-0.63

Omega ratioGain probability vs. loss probability

1.23

1.30

-0.06

Calmar ratioReturn relative to maximum drawdown

2.23

2.33

-0.10

Martin ratioReturn relative to average drawdown

5.58

8.16

-2.58

QABA vs. EUFN - Sharpe Ratio Comparison

The current QABA Sharpe Ratio is 1.24, which is comparable to the EUFN Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of QABA and EUFN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QABA vs. EUFN - Drawdown Comparison

The maximum QABA drawdown since its inception was -49.30%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for QABA and EUFN.

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Drawdown Indicators

QABAEUFNDifference

Max Drawdown

Largest peak-to-trough decline

-49.30%

-53.25%

+3.95%

Max Drawdown (1Y)

Largest decline over 1 year

-12.49%

-14.77%

+2.28%

Max Drawdown (3Y)

Largest decline over 3 years

-25.82%

-15.95%

-9.87%

Max Drawdown (5Y)

Largest decline over 5 years

-42.93%

-35.15%

-7.78%

Max Drawdown (10Y)

Largest decline over 10 years

-49.30%

-53.25%

+3.95%

Current Drawdown

Current decline from peak

-1.62%

0.00%

-1.62%

Average Drawdown

Average peak-to-trough decline

-11.40%

-14.52%

+3.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.99%

4.22%

+0.77%

Volatility

QABA vs. EUFN - Volatility Comparison

First Trust NASDAQ ABA Community Bank Index Fund (QABA) and iShares MSCI Europe Financials ETF (EUFN) have volatilities of 5.91% and 6.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QABAEUFNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.91%

6.12%

-0.21%

Volatility (6M)

Calculated over the trailing 6-month period

15.40%

17.07%

-1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

22.54%

20.02%

+2.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.38%

21.86%

+4.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.70%

24.45%

+4.25%

QABA vs. EUFN - Expense Ratio Comparison

QABA has a 0.60% expense ratio, which is higher than EUFN's 0.49% expense ratio.

Dividends

QABA vs. EUFN - Dividend Comparison

QABA's dividend yield for the trailing twelve months is around 2.26%, less than EUFN's 4.23% yield.

PositionTTM20252024202320222021202020192018201720162015
EUFN
iShares MSCI Europe Financials ETF		4.23%3.57%5.36%5.00%4.24%4.15%1.38%4.55%6.48%3.04%4.03%3.65%
QABA
First Trust NASDAQ ABA Community Bank Index Fund		2.26%2.52%2.37%2.71%2.10%1.68%2.55%1.95%1.90%1.42%1.13%1.39%

Frequently Asked Questions

QABA and EUFN have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EUFN has higher volatility (6.12%) compared to QABA (5.91%). In terms of maximum drawdown, QABA dropped -49.30% vs EUFN's -53.25%.

On 10-year performance, EUFN leads with 14.32% vs 8.15% for QABA. On fees, EUFN is cheaper at 0.49% per year. On volatility, QABA has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EUFN has performed better with a 14.32% return vs 8.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EUFN is cheaper with a 0.49% expense ratio, compared with 0.60% for QABA.

EUFN has the higher dividend yield at 4.23%, compared with 2.26% for QABA.

QABA tracks NASDAQ OMX ABA Community Bank Index, while EUFN tracks MSCI Europe Financials Index (Net). They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for QABA and 0.49% for EUFN.

EUFN currently has the higher Sharpe Ratio (1.73 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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