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QABA vs FTLS

First Trust NASDAQ ABA Community Bank Index Fund vs First Trust Long/Short Equity ETF

QABA

First Trust NASDAQ ABA Community Bank Index Fund

First Trust

Annual cost

0.60%

Fund size

$77M

FTLS

First Trust Long/Short Equity ETF

First Trust

Annual cost

1.38%

Fund size

$2.3B

Key differences

  • QABA costs 0.78% less per year.
  • FTLS is significantly larger than QABA — larger funds tend to be more liquid and less likely to close.
  • QABA is classified as equity, while FTLS is alternative — different risk/return profiles.
  • QABA follows a index tracking strategy; FTLS uses long short.
  • Over the last 3 years, QABA has delivered higher annualized returns.
  • QABA has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

QABAFTLS
Annual cost (TER)0.60%1.38%
Fund size (AUM)$77M$2.3B
Since20092014
Dividend yield2.37%0.91%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackinglong short
CAGR 1Y+22.8%+15.8%
CAGR 3Y+21.7%+14.6%
CAGR 5Y+3.7%+10.7%
Sharpe 3Y0.731.07
Volatility 1Y22.52%8.19%
Max drawdown-49.30%-20.54%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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