QABA vs. KBWR
Compare and contrast key facts about First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Invesco KBW Regional Banking ETF (KBWR).
QABA and KBWR 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. KBWR is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Regional Banking Index. It was launched on Nov 1, 2011. Both QABA and KBWR 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 KBWR.
Correlation
The correlation between QABA and KBWR is 0.58, 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. KBWR - Performance Comparison
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Key characteristics
QABA:
0.60
KBWR:
0.50
QABA:
1.12
KBWR:
0.97
QABA:
1.14
KBWR:
1.12
QABA:
0.67
KBWR:
0.55
QABA:
1.79
KBWR:
1.49
QABA:
10.30%
KBWR:
10.84%
QABA:
30.02%
KBWR:
32.35%
QABA:
-49.30%
KBWR:
-52.86%
QABA:
-12.66%
KBWR:
-13.89%
Returns By Period
In the year-to-date period, QABA achieves a -1.60% return, which is significantly higher than KBWR's -2.32% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: QABA at 5.97% and KBWR at 5.97%.
QABA
-1.60%
12.27%
-8.67%
17.72%
5.23%
13.24%
5.97%
KBWR
-2.32%
13.08%
-9.68%
15.88%
4.86%
14.43%
5.97%
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QABA vs. KBWR - Expense Ratio Comparison
QABA has a 0.60% expense ratio, which is higher than KBWR's 0.35% expense ratio.
Risk-Adjusted Performance
QABA vs. KBWR — Risk-Adjusted Performance Rank
QABA
KBWR
QABA vs. KBWR - 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 Invesco KBW Regional Banking ETF (KBWR). 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.
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Dividends
QABA vs. KBWR - Dividend Comparison
QABA's dividend yield for the trailing twelve months is around 2.49%, less than KBWR's 2.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QABA First Trust NASDAQ ABA Community Bank Index Fund | 2.49% | 2.37% | 2.71% | 2.10% | 1.68% | 2.55% | 1.95% | 1.90% | 1.43% | 1.12% | 1.39% | 1.28% |
KBWR Invesco KBW Regional Banking ETF | 2.73% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% | 1.79% |
Drawdowns
QABA vs. KBWR - Drawdown Comparison
The maximum QABA drawdown since its inception was -49.30%, smaller than the maximum KBWR drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for QABA and KBWR. For additional features, visit the drawdowns tool.
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Volatility
QABA vs. KBWR - Volatility Comparison
The current volatility for First Trust NASDAQ ABA Community Bank Index Fund (QABA) is 6.26%, while Invesco KBW Regional Banking ETF (KBWR) has a volatility of 7.33%. This indicates that QABA experiences smaller price fluctuations and is considered to be less risky than KBWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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