QABA vs. TIME
Compare and contrast key facts about First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Clockwise Core Equity & Innovation ETF (TIME).
QABA and TIME 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. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QABA or TIME.
Key characteristics
| QABA | TIME | |
|---|---|---|
| YTD Return | 26.41% | 42.88% |
| 1Y Return | 57.92% | 57.84% |
| Sharpe Ratio | 1.94 | 3.23 |
| Sortino Ratio | 2.94 | 4.02 |
| Omega Ratio | 1.36 | 1.55 |
| Calmar Ratio | 1.73 | 3.86 |
| Martin Ratio | 6.99 | 17.73 |
| Ulcer Index | 8.40% | 3.30% |
| Daily Std Dev | 30.31% | 18.14% |
| Max Drawdown | -49.30% | -42.24% |
| Current Drawdown | -0.52% | -0.61% |
Correlation
The correlation between QABA and TIME is 0.44, 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. TIME - Performance Comparison
In the year-to-date period, QABA achieves a 26.41% return, which is significantly lower than TIME's 42.88% 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. TIME - Expense Ratio Comparison
QABA has a 0.60% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
QABA vs. TIME - 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 Clockwise Core Equity & Innovation ETF (TIME). 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. TIME - Dividend Comparison
QABA's dividend yield for the trailing twelve months is around 2.18%, less than TIME's 14.72% 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% |
TIME Clockwise Core Equity & Innovation ETF | 14.72% | 21.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QABA vs. TIME - Drawdown Comparison
The maximum QABA drawdown since its inception was -49.30%, which is greater than TIME's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for QABA and TIME. For additional features, visit the drawdowns tool.
Volatility
QABA vs. TIME - Volatility Comparison
First Trust NASDAQ ABA Community Bank Index Fund (QABA) has a higher volatility of 14.73% compared to Clockwise Core Equity & Innovation ETF (TIME) at 6.63%. This indicates that QABA's price experiences larger fluctuations and is considered to be riskier than TIME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.