QABA vs. FBDC
QABA (First Trust NASDAQ ABA Community Bank Index Fund) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both Financials Equities funds from First Trust. QABA is passively managed, while FBDC is actively managed. At a 0.44 correlation, their price movements are largely independent. QABA charges 0.60%/yr vs 1.35%/yr for FBDC.
Performance
QABA vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, QABA achieves a 16.85% return, which is significantly higher than FBDC's -10.39% return.
QABA
- 1D
- 1.68%
- 1M
- 5.99%
- YTD
- 16.85%
- 6M
- 13.71%
- 1Y
- 26.59%
- 3Y*
- 22.25%
- 5Y*
- 5.53%
- 10Y*
- 8.33%
FBDC
- 1D
- 0.30%
- 1M
- -1.24%
- YTD
- -10.39%
- 6M
- -8.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QABA vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QABA First Trust NASDAQ ABA Community Bank Index Fund | 16.85% | 5.61% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -10.39% | -2.66% |
Correlation
The correlation between QABA and FBDC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.44 |
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Return for Risk
QABA vs. FBDC — Risk / Return Rank
QABA
FBDC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QABA vs. FBDC - 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 FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
| QABA | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | — | — |
| Martin ratioReturn relative to average drawdown | 5.34 | — | — |
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Drawdowns
QABA vs. FBDC - Drawdown Comparison
The maximum QABA drawdown since its inception was -49.30%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for QABA and FBDC.
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Drawdown Indicators
| QABA | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.30% | -20.60% | -28.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.30% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -18.04% | +18.04% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -10.44% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | — | — |
Volatility
QABA vs. FBDC - Volatility Comparison
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Volatility by Period
| QABA | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.48% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 18.00% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.39% | 18.00% | +8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.64% | 18.00% | +10.64% |
QABA vs. FBDC - Expense Ratio Comparison
QABA has a 0.60% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
QABA vs. FBDC - Dividend Comparison
QABA's dividend yield for the trailing twelve months is around 2.22%, less than FBDC's 11.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.63% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QABA First Trust NASDAQ ABA Community Bank Index Fund | 2.22% | 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 FBDC 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.
On fees, QABA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QABA is cheaper with a 0.60% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.63%, compared with 2.22% for QABA.
Their fees differ too: 0.60% for QABA and 1.35% for FBDC.
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