First Trust NASDAQ ABA Community Bank Index Fund (QABA) is a financial sector ETF. As of October 9, 2026, ETF Copilot scores QABA 3.0 out of 10 — highest on Value (7.8), lowest on Quality (0.5). It trades at 12.1 times earnings, against its own median of 12.8. Its ten largest holdings are 26% of the fund.
What stands out in QABA's data
U.S. community banks, tracked through a Nasdaq index.
Earns far more on its capital than typical financial funds — a sign of real lending profitability.
Return on invested capital of 42.2% sits well ahead of the 3.9% peer median. Its trailing P/E multiple of 12.1x also runs below average, pairing strong margins with a modest price.
A focused bet on regional lenders, built for portfolios that want a value tilt.
Why did QABA move this week? It fell 2.7% in the week to October 9, 2026 — Bank and United Bankshares drove it
QABA fell 2.7% in the week to October 9, 2026. The holdings that moved it most were Bank (−4.9%), United Bankshares (−3.4%) and TFS Financial (−4.5%); Coastal Financial Corp./wa (+1.4%) pushed the other way.
How is QABA rated? ETF Copilot scores First Trust NASDAQ ABA Community Bank Index Fund (QABA) 3.0 out of 10
As of October 9, 2026, ETF Copilot scores First Trust NASDAQ ABA Community Bank Index Fund (QABA) 3.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.0 / 10
- Growth: 2.8 / 10
- Value: 7.8 / 10
- Risk: 1.3 / 10
- Quality: 0.5 / 10
- Return: 2.8 / 10
Is QABA expensive right now? It trades at 12.1 times earnings, against its own median of 12.8
As of October 9, 2026, QABA is cheaper than 69% of its own last 9 years.
Trailing 12 months, built from QABA's holdings. How we calculate this →
What's inside QABA?
What's inside QABA: Size (Large 0%, Mid 16%, Small 84%); Geography (International 0%, US 100%).
What are QABA's top holdings? The ten largest are 26% of the fund
Wintrust Financial, Commerce Bancshares, Central Bancompany, United Bankshares, Hancock Whitney, Bank, Eastern Bankshares, TFS Financial, First Financial Bankshares and International Bancshares are QABA's largest holdings, in that order.
Less concentrated than 80% of Financials ETFs.
Half of QABA's weight sits in its 27 largest positions, and once those weights are taken into account it behaves like 74 equally weighted holdings.
What is QABA's expense ratio? 0.63% a year
As of October 9, 2026, QABA charges 0.63% a year, yields 2.40% and holds $84M in assets across 159 positions.
| Measure | QABA |
|---|---|
| Expense ratio | 0.63% |
| Dividend yield | 2.40% |
| Assets under management | $84M |
| Holdings | 159 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust NASDAQ ABA Community Bank Index Fund (QABA) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/qaba
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