QABA vs. FXAIX
Compare and contrast key facts about First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QABA or FXAIX.
Key characteristics
| QABA | FXAIX | |
|---|---|---|
| YTD Return | 26.41% | 26.92% |
| 1Y Return | 57.92% | 37.57% |
| 3Y Return (Ann) | 2.92% | 10.24% |
| 5Y Return (Ann) | 6.89% | 15.96% |
| 10Y Return (Ann) | 7.58% | 13.30% |
| Sharpe Ratio | 1.94 | 3.05 |
| Sortino Ratio | 2.94 | 4.06 |
| Omega Ratio | 1.36 | 1.57 |
| Calmar Ratio | 1.73 | 4.44 |
| Martin Ratio | 6.99 | 20.09 |
| Ulcer Index | 8.40% | 1.86% |
| Daily Std Dev | 30.31% | 12.28% |
| Max Drawdown | -49.30% | -33.79% |
| Current Drawdown | -0.52% | -0.28% |
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.
Performance
QABA vs. FXAIX - Performance Comparison
The year-to-date returns for both investments are quite close, with QABA having a 26.41% return and FXAIX slightly higher at 26.92%. Over the past 10 years, QABA has underperformed FXAIX with an annualized return of 7.58%, while FXAIX has yielded a comparatively higher 13.30% annualized 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. FXAIX - Expense Ratio Comparison
QABA has a 0.60% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
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.
Dividends
QABA vs. FXAIX - Dividend Comparison
QABA's dividend yield for the trailing twelve months is around 2.18%, more than FXAIX's 1.21% 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% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
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.
Volatility
QABA vs. FXAIX - Volatility Comparison
First Trust NASDAQ ABA Community Bank Index Fund (QABA) has a higher volatility of 14.73% compared to Fidelity 500 Index Fund (FXAIX) at 3.85%. This indicates that QABA's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.