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ETFs

First Trust NASDAQ ABA Community Bank Index Fund

QABA
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 29, 2009
Expense Ratio
0.6%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$337,039
AUM
$58,755,078
Associated Index
NASDAQ OMX ABA Community Bank Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CBSH
Commerce Bancshares, Inc.
3.54%
BOKF
BOK Financial Corp.
3.15%
SSB
SouthState Corporation
3.09%
PNFP
Pinnacle Financial Partners Inc.
3.02%
WTFC
Wintrust Financial Corp.
2.79%
OZK
Bank OZK
2.49%
COLB
Columbia Banking System, Inc.
2.45%
FFIN
First Financial Bankshares, Inc.
2.17%
UBSI
United Bankshares, Inc.
2.17%
TFSL
TFS Financial Corporation
2.03%
Invest with QABA
Trade QABA Options

What is QABA?

The First Trust NASDAQ ABA Community Bank Index Fund seeks investment results that correspond generally to the price and yield before the Funds fees and expenses of an equity index called the NASDAQ OMX ABA Community Bank Index.

1M
3M
6M
YTD
1Y
3Y
Max
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QABA
Performance Measures**

for the time period Jul 1, 2009 to Dec 17, 2025

Returns

1M Trailing Return: 13.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.7%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -49.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 26.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.46

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.18

The annualized return divided by the max drawdown for the selected time period.

ETFs related toQABA

ETFs correlated to QABA include KRE, DPST, KBE

QABA
First Trust Exchange-Traded Fund III - First Trust NASDAQ ABA Community Bank Index Fund
KRE
SPDR Series Trust - SPDR S&P Regional Banking ETF
DPST
Direxion Shares ETF Trust - Direxion Daily Regional Banks Bull 3X Shares
KBE
SPDR Series Trust - SPDR S&P Bank ETF
IAT
BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks ETF
XSLV
Invesco Capital Management LLC - Invesco S&P SmallCap Low Volatility ETF
BSVO
EA Series Trust - EA Bridgeway Omni Small-Cap Value ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
SMDV
ProShares Trust - ProShares Russell 2000 Div Growers ETF
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
DES
WisdomTree Trust - WisdomTree U.S. SmallCap Dividend Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toQABA

Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22

Category

Trend-following, RSI momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures (KMLM), bonds/cash, tech/semis/small-cap/biotech, risk-on/off

OOS Cumulative Return

102.03%

(A) Risk Sorter (136/8) 20 STD - Since 2021

Category

Regime switching, multi-asset rotation, momentum + mean reversion, volatility hedged, risk-managed, daily tactical

OOS Cumulative Return

5.16%

Create your own algorithmic trading strategy with QABA using Composer

FAQ

QABA is a US Equities ETF. The First Trust NASDAQ ABA Community Bank Index Fund seeks investment results that correspond generally to the price and yield before the Funds fees and expenses of an equity index called the NASDAQ OMX ABA Community Bank Index.

QABA tracks the NASDAQ OMX ABA Community Bank Index.

No, QABA is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QABA is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QABA is -0.0472%. This is the percent change in the value of QABA over the most recent 1-month period. The 3-month return on QABA is 0.0263%. This is the percent change in the value of QABA over the most recent 3-month period.

The standard deviation of QABA for the past year is 0.2945%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QABA include XLI, XLY, and XLV.

ETFs correlated to QABA include KRE, DPST, and KBE.

ETFs that are inversely correlated to QABA include BNKD, RWM, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.