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QABA vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QABA and FXAIX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.6

Performance

QABA vs. FXAIX - 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 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
165.80%
424.22%
QABA
FXAIX

Key characteristics

Sharpe Ratio

QABA:

0.50

FXAIX:

0.54

Sortino Ratio

QABA:

0.95

FXAIX:

0.87

Omega Ratio

QABA:

1.12

FXAIX:

1.13

Calmar Ratio

QABA:

0.54

FXAIX:

0.56

Martin Ratio

QABA:

1.54

FXAIX:

2.28

Ulcer Index

QABA:

9.62%

FXAIX:

4.59%

Daily Std Dev

QABA:

29.75%

FXAIX:

19.56%

Max Drawdown

QABA:

-49.30%

FXAIX:

-33.79%

Current Drawdown

QABA:

-18.27%

FXAIX:

-9.83%

Returns By Period

In the year-to-date period, QABA achieves a -7.92% return, which is significantly lower than FXAIX's -5.65% return. Over the past 10 years, QABA has underperformed FXAIX with an annualized return of 5.67%, while FXAIX has yielded a comparatively higher 11.95% annualized return.


QABA

YTD

-7.92%

1M

-2.40%

6M

-6.46%

1Y

16.70%

5Y*

8.94%

10Y*

5.67%

FXAIX

YTD

-5.65%

1M

-0.88%

6M

-4.46%

1Y

9.84%

5Y*

15.27%

10Y*

11.95%

*Annualized

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QABA vs. FXAIX - Expense Ratio Comparison

QABA has a 0.60% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


Expense ratio chart for QABA: current value is 0.60%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QABA: 0.60%
Expense ratio chart for FXAIX: current value is 0.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FXAIX: 0.02%

Risk-Adjusted Performance

QABA vs. FXAIX — Risk-Adjusted Performance Rank

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

QABA
The Risk-Adjusted Performance Rank of QABA is 6060
Overall Rank
The Sharpe Ratio Rank of QABA is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of QABA is 6565
Sortino Ratio Rank
The Omega Ratio Rank of QABA is 6060
Omega Ratio Rank
The Calmar Ratio Rank of QABA is 6565
Calmar Ratio Rank
The Martin Ratio Rank of QABA is 5454
Martin Ratio Rank

FXAIX
The Risk-Adjusted Performance Rank of FXAIX is 6363
Overall Rank
The Sharpe Ratio Rank of FXAIX is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of FXAIX is 6060
Sortino Ratio Rank
The Omega Ratio Rank of FXAIX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of FXAIX is 6969
Calmar Ratio Rank
The Martin Ratio Rank of FXAIX is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QABA vs. FXAIX - 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 500 Index Fund (FXAIX). 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.


The chart of Sharpe ratio for QABA, currently valued at 0.50, compared to the broader market-1.000.001.002.003.004.00
QABA: 0.50
FXAIX: 0.54
The chart of Sortino ratio for QABA, currently valued at 0.95, compared to the broader market-2.000.002.004.006.008.00
QABA: 0.95
FXAIX: 0.87
The chart of Omega ratio for QABA, currently valued at 1.12, compared to the broader market0.501.001.502.002.50
QABA: 1.12
FXAIX: 1.13
The chart of Calmar ratio for QABA, currently valued at 0.54, compared to the broader market0.002.004.006.008.0010.0012.00
QABA: 0.54
FXAIX: 0.56
The chart of Martin ratio for QABA, currently valued at 1.54, compared to the broader market0.0020.0040.0060.00
QABA: 1.54
FXAIX: 2.28

The current QABA Sharpe Ratio is 0.50, which is comparable to the FXAIX Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of QABA and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.50
0.54
QABA
FXAIX

Dividends

QABA vs. FXAIX - Dividend Comparison

QABA's dividend yield for the trailing twelve months is around 2.66%, more than FXAIX's 1.35% yield.


TTM20242023202220212020201920182017201620152014
QABA
First Trust NASDAQ ABA Community Bank Index Fund
2.66%2.37%2.71%2.10%1.68%2.55%1.95%1.90%1.43%1.12%1.39%1.28%
FXAIX
Fidelity 500 Index Fund
1.35%1.25%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%

Drawdowns

QABA vs. FXAIX - Drawdown Comparison

The maximum QABA drawdown since its inception was -49.30%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for QABA and FXAIX. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-18.27%
-9.83%
QABA
FXAIX

Volatility

QABA vs. FXAIX - Volatility Comparison

The current volatility for First Trust NASDAQ ABA Community Bank Index Fund (QABA) is 13.24%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 14.39%. This indicates that QABA experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
13.24%
14.39%
QABA
FXAIX