QABA vs. IAK
Compare and contrast key facts about First Trust NASDAQ ABA Community Bank Index Fund (QABA) and iShares U.S. Insurance ETF (IAK).
QABA and IAK 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. IAK is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Insurance Index. It was launched on May 5, 2006. Both QABA and IAK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QABA or IAK.
Correlation
The correlation between QABA and IAK is 0.71, 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. IAK - Performance Comparison
Key characteristics
QABA:
0.65
IAK:
1.25
QABA:
1.20
IAK:
1.78
QABA:
1.14
IAK:
1.22
QABA:
0.62
IAK:
1.82
QABA:
2.34
IAK:
5.19
QABA:
7.70%
IAK:
3.97%
QABA:
27.71%
IAK:
16.49%
QABA:
-49.30%
IAK:
-77.38%
QABA:
-15.57%
IAK:
0.00%
Returns By Period
In the year-to-date period, QABA achieves a -4.88% return, which is significantly lower than IAK's 10.11% return. Over the past 10 years, QABA has underperformed IAK with an annualized return of 5.88%, while IAK has yielded a comparatively higher 12.99% annualized return.
QABA
-4.88%
-5.73%
4.51%
20.66%
14.83%
5.88%
IAK
10.11%
1.64%
8.24%
21.15%
27.10%
12.99%
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QABA vs. IAK - Expense Ratio Comparison
QABA has a 0.60% expense ratio, which is higher than IAK's 0.43% expense ratio.
Risk-Adjusted Performance
QABA vs. IAK — Risk-Adjusted Performance Rank
QABA
IAK
QABA vs. IAK - 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 iShares U.S. Insurance ETF (IAK). 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. IAK - Dividend Comparison
QABA's dividend yield for the trailing twelve months is around 2.58%, more than IAK's 1.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QABA First Trust NASDAQ ABA Community Bank Index Fund | 2.58% | 2.37% | 2.71% | 2.10% | 1.68% | 2.55% | 1.95% | 1.90% | 1.43% | 1.12% | 1.39% | 1.28% |
IAK iShares U.S. Insurance ETF | 1.63% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% | 1.57% |
Drawdowns
QABA vs. IAK - Drawdown Comparison
The maximum QABA drawdown since its inception was -49.30%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for QABA and IAK. For additional features, visit the drawdowns tool.
Volatility
QABA vs. IAK - Volatility Comparison
First Trust NASDAQ ABA Community Bank Index Fund (QABA) has a higher volatility of 5.68% compared to iShares U.S. Insurance ETF (IAK) at 4.11%. This indicates that QABA's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.