QABA vs. QQQ
Compare and contrast key facts about First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Invesco QQQ (QQQ).
QABA and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QABA and QQQ 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 QQQ.
Key characteristics
| QABA | QQQ | |
|---|---|---|
| YTD Return | 26.41% | 25.79% |
| 1Y Return | 57.92% | 36.91% |
| 3Y Return (Ann) | 2.92% | 9.89% |
| 5Y Return (Ann) | 6.89% | 21.42% |
| 10Y Return (Ann) | 7.58% | 18.39% |
| Sharpe Ratio | 1.94 | 2.11 |
| Sortino Ratio | 2.94 | 2.78 |
| Omega Ratio | 1.36 | 1.38 |
| Calmar Ratio | 1.73 | 2.69 |
| Martin Ratio | 6.99 | 9.81 |
| Ulcer Index | 8.40% | 3.72% |
| Daily Std Dev | 30.31% | 17.32% |
| Max Drawdown | -49.30% | -82.98% |
| Current Drawdown | -0.52% | -0.24% |
Correlation
The correlation between QABA and QQQ is 0.46, 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. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with QABA having a 26.41% return and QQQ slightly lower at 25.79%. Over the past 10 years, QABA has underperformed QQQ with an annualized return of 7.58%, while QQQ has yielded a comparatively higher 18.39% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QABA vs. QQQ - Expense Ratio Comparison
QABA has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QABA vs. QQQ - 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 QQQ (QQQ). 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. QQQ - Dividend Comparison
QABA's dividend yield for the trailing twelve months is around 2.18%, more than QQQ's 0.59% 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% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QABA vs. QQQ - Drawdown Comparison
The maximum QABA drawdown since its inception was -49.30%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QABA and QQQ. For additional features, visit the drawdowns tool.
Volatility
QABA vs. QQQ - Volatility Comparison
First Trust NASDAQ ABA Community Bank Index Fund (QABA) has a higher volatility of 14.73% compared to Invesco QQQ (QQQ) at 5.14%. This indicates that QABA's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.