QABA vs. GPZ

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust NASDAQ ABA Community Bank Index Fund (QABA) and VanEck ETF Trust (GPZ).

QABA and GPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GPZ is a passively managed fund by VanEck that tracks the performance of the MarketVector Alternative Asset Managers Index. It was launched on Jun 4, 2025. Both QABA and GPZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QABA vs. GPZ - 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 VanEck ETF Trust (GPZ). The values are adjusted to include any dividend payments, if applicable.

QABA vs. GPZ - Yearly Performance Comparison

	2026 (YTD)	2025
QABA First Trust NASDAQ ABA Community Bank Index Fund	3.40%	11.32%
GPZ VanEck ETF Trust	-20.90%	9.43%

Returns By Period

In the year-to-date period, QABA achieves a 3.40% return, which is significantly higher than GPZ's -20.90% return.

QABA

• 1D: 1.52%
• 1M: -0.25%
• YTD: 3.40%
• 6M: 5.20%
• 1Y: 14.29%
• 3Y*: 13.70%
• 5Y*: 2.93%
• 10Y*: 7.10%

GPZ

• 1D: 2.65%
• 1M: -2.74%
• YTD: -20.90%
• 6M: -21.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QABA vs. GPZ - Expense Ratio Comparison

QABA has a 0.60% expense ratio, which is higher than GPZ's 0.40% expense ratio.

QABA

First Trust NASDAQ ABA Community Bank Index Fund

GPZ

VanEck ETF Trust

Return for Risk

QABA vs. GPZ — Risk / Return Rank

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

QABA

QABA Risk / Return Rank: 34
QABA Sharpe Ratio Rank: 31
QABA Sortino Ratio Rank: 32
QABA Omega Ratio Rank: 31
QABA Calmar Ratio Rank: 45
QABA Martin Ratio Rank: 31

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. GPZ - 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 VanEck ETF Trust (GPZ). 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.

	QABA	GPZ	Difference
Sharpe ratio Return per unit of total volatility	0.56	—	—
Sortino ratio Return per unit of downside risk	0.93	—	—
Omega ratio Gain probability vs. loss probability	1.13	—	—
Calmar ratio Return relative to maximum drawdown	1.17	—	—
Martin ratio Return relative to average drawdown	2.72	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QABA	GPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	-0.61	+0.94

Correlation

The correlation between QABA and GPZ is 0.59, 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.

Dividends

QABA vs. GPZ - Dividend Comparison

QABA's dividend yield for the trailing twelve months is around 2.51%, more than GPZ's 1.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QABA First Trust NASDAQ ABA Community Bank Index Fund	2.51%	2.52%	2.37%	2.71%	2.10%	1.68%	2.55%	1.95%	1.90%	1.42%	1.13%	1.39%
GPZ VanEck ETF Trust	1.05%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QABA vs. GPZ - Drawdown Comparison

The maximum QABA drawdown since its inception was -49.30%, which is greater than GPZ's maximum drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for QABA and GPZ.

Drawdown Indicators

	QABA	GPZ	Difference
Max Drawdown Largest peak-to-trough decline	-49.30%	-31.72%	-17.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.30%	—	—
Current Drawdown Current decline from peak	-8.47%	-27.34%	+18.87%
Average Drawdown Average peak-to-trough decline	-11.51%	-9.54%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	—	—

Volatility

Volatility by Period

	QABA	GPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.50%	26.76%	-1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.59%	26.76%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.71%	26.76%	+1.95%