QABA vs. FISVX
Compare and contrast key facts about First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Fidelity Small Cap Value Index Fund (FISVX).
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. FISVX is managed by Fidelity. It was launched on Jul 11, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QABA or FISVX.
Key characteristics
| QABA | FISVX | |
|---|---|---|
| YTD Return | 26.41% | 16.15% |
| 1Y Return | 57.92% | 38.75% |
| 3Y Return (Ann) | 2.92% | 2.90% |
| 5Y Return (Ann) | 6.89% | 9.82% |
| Sharpe Ratio | 1.94 | 1.75 |
| Sortino Ratio | 2.94 | 2.59 |
| Omega Ratio | 1.36 | 1.31 |
| Calmar Ratio | 1.73 | 1.73 |
| Martin Ratio | 6.99 | 9.62 |
| Ulcer Index | 8.40% | 4.02% |
| Daily Std Dev | 30.31% | 22.05% |
| Max Drawdown | -49.30% | -44.66% |
| Current Drawdown | -0.52% | -1.77% |
Correlation
The correlation between QABA and FISVX 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
QABA vs. FISVX - Performance Comparison
In the year-to-date period, QABA achieves a 26.41% return, which is significantly higher than FISVX's 16.15% 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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QABA vs. FISVX - Expense Ratio Comparison
QABA has a 0.60% expense ratio, which is higher than FISVX's 0.05% expense ratio.
Risk-Adjusted Performance
QABA vs. FISVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Fidelity Small Cap Value Index Fund (FISVX). 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
QABA vs. FISVX - Dividend Comparison
QABA's dividend yield for the trailing twelve months is around 2.18%, more than FISVX's 1.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
QABA vs. FISVX - Drawdown Comparison
The maximum QABA drawdown since its inception was -49.30%, which is greater than FISVX's maximum drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for QABA and FISVX. For additional features, visit the drawdowns tool.
Volatility
QABA vs. FISVX - Volatility Comparison
First Trust NASDAQ ABA Community Bank Index Fund (QABA) has a higher volatility of 14.73% compared to Fidelity Small Cap Value Index Fund (FISVX) at 8.03%. This indicates that QABA's price experiences larger fluctuations and is considered to be riskier than FISVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.