QABA vs. FISVX

Last updated Jun 23, 2026

QABA (First Trust NASDAQ ABA Community Bank Index Fund) and FISVX (Fidelity Small Cap Value Index Fund) are both funds - QABA is a Financials Equities fund tracking the NASDAQ OMX ABA Community Bank Index, while FISVX is a Small Cap Value Equities fund tracking the Russell 2000 Value Index. Both are passively managed. Over the past 5 years, QABA returned 5.46%/yr vs 7.82%/yr for FISVX. Their correlation of 0.84 suggests significant overlap in exposure. QABA charges 0.60%/yr vs 0.05%/yr for FISVX.

Performance

QABA vs. FISVX - 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 Fidelity Small Cap Value Index Fund (FISVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QABA achieves a 14.92% return, which is significantly lower than FISVX's 21.13% 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%

FISVX

• 1D: 0.47%
• 1M: 3.64%
• YTD: 21.13%
• 6M: 19.07%
• 1Y: 43.06%
• 3Y*: 19.67%
• 5Y*: 7.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QABA vs. FISVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QABA First Trust NASDAQ ABA Community Bank Index Fund	14.92%	4.62%	14.49%	-2.18%	-9.01%	34.20%	-10.70%	10.79%
FISVX Fidelity Small Cap Value Index Fund	21.13%	12.70%	8.16%	14.72%	-14.42%	28.26%	4.49%	9.54%

Correlation

The correlation between QABA and FISVX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.84

The correlation between QABA and FISVX shifts across timeframes, from 0.74 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QABA vs. FISVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QABA

QABA Risk / Return Rank: 38
QABA Sharpe Ratio Rank: 36
QABA Sortino Ratio Rank: 36
QABA Omega Ratio Rank: 36
QABA Calmar Ratio Rank: 46
QABA Martin Ratio Rank: 37

FISVX

FISVX Risk / Return Rank: 83
FISVX Sharpe Ratio Rank: 82
FISVX Sortino Ratio Rank: 79
FISVX Omega Ratio Rank: 68
FISVX Calmar Ratio Rank: 95
FISVX Martin Ratio Rank: 93

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. FISVX - 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 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.

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	FISVX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	2.48	-1.24
Sortino ratio: Return per unit of downside risk	1.82	3.44	-1.63
Omega ratio: Gain probability vs. loss probability	1.23	1.42	-0.18
Calmar ratio: Return relative to maximum drawdown	2.23	5.30	-3.07
Martin ratio: Return relative to average drawdown	5.58	17.98	-12.40

QABA vs. FISVX - Sharpe Ratio Comparison

The current QABA Sharpe Ratio is 1.24, which is lower than the FISVX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of QABA and FISVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	QABA	FISVX	Difference
Max Drawdown Largest peak-to-trough decline	-49.30%	-44.66%	-4.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.49%	-8.54%	-3.95%
Max Drawdown (3Y) Largest decline over 3 years	-25.82%	-26.50%	+0.68%
Max Drawdown (5Y) Largest decline over 5 years	-42.93%	-26.50%	-16.43%
Max Drawdown (10Y) Largest decline over 10 years	-49.30%	—	—
Current Drawdown Current decline from peak	-1.62%	0.00%	-1.62%
Average Drawdown Average peak-to-trough decline	-11.40%	-10.27%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	2.51%	+2.48%

Volatility

QABA vs. FISVX - Volatility Comparison

First Trust NASDAQ ABA Community Bank Index Fund (QABA) has a higher volatility of 5.91% compared to Fidelity Small Cap Value Index Fund (FISVX) at 5.27%. 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.

Volatility by Period

	QABA	FISVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	5.27%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	15.40%	12.46%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	22.54%	18.27%	+4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.38%	21.70%	+4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.70%	26.69%	+2.01%

QABA vs. FISVX - Expense Ratio Comparison

QABA has a 0.60% expense ratio, which is higher than FISVX's 0.05% expense ratio.

Dividends

QABA vs. FISVX - Dividend Comparison

QABA's dividend yield for the trailing twelve months is around 2.26%, more than FISVX's 1.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISVX Fidelity Small Cap Value Index Fund	1.80%	2.18%	1.70%	2.06%	3.69%	9.55%	1.33%	0.62%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both QABA and FISVX in my portfolio?

QABA and FISVX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QABA or FISVX?

QABA has higher volatility (5.91%) compared to FISVX (5.27%). In terms of maximum drawdown, QABA dropped -49.30% vs FISVX's -44.66%.

Which has better risk-adjusted returns?

FISVX currently has the higher Sharpe Ratio (2.48 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.