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KBWB vs QABA

Invesco KBW Bank ETF

KBWBBNasdaq

First Trust NASDAQ ABA Community Bank Index Fund

QABADNasdaq

Overlap

Expense ratio

KBWB −0.25pt a year

KBWB0.35%QABA0.60%

Avg volume · 30D

KBWB 238.2×the volume

KBWB2.08MQABA8.73K

10Y return · a year

KBWB +4.4pt

KBWB+11.6%QABA+7.2%

KBWB vs QABA Performance

Oct 29, 2021 – Oct 30, 2026

+42.5%KBWB+29.4%QABA

Oct 29, 2021 to Oct 30, 2026. KBWB +42.5%. QABA +29.4%. Use the arrow keys to read each point.−40%−20%0%60%Oct 2021Apr 2024Oct 2026
Expense ratio
KBWB 0.35%, better
QABA 0.60%
Fund size
KBWB $6.78B
QABA $86M
1Y total return
KBWB +17.3%
QABA +27.3%, better
Yield (12M)
KBWB 2.11%
QABA 2.32%, better
Holdings
KBWB 28
QABA 160
Avg volume (30D)
KBWB 2.08M sh, better
QABA 8.73K sh
NAV per share
KBWB $88.40
QABA $66.47
52W range

ETF.net Grade

KBWB: Cost 62, Risk 49, Mission not scored, Tradability 88, Holdings 46, Durability 75. QABA: Cost 13, Risk 60, Mission not scored, Tradability 34, Holdings 76, Durability 51.
Pillar letters and Scores for KBWB, QABA, with each pillar’s weight
PillarKBWBQABA
Cost30% weightB62HigherF13
Mission25% weightNot scoredNot scored
Risk15% weightC49B60Higher
Tradability15% weightA88HigherD34
Holdings10% weightC46A76Higher
Durability5% weightA75HigherC51

Rank among Banks funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. KBWB and QABA are both graded against the same 9 Banks funds, so their Grades compare head to head.

Banks⁠

Category · 9 funds
See all 9 ›

KBWB ranks 2nd and QABA 7th of 9 funds in the Banks Category.

  1. Rank 1BKREState Street SPDR S&P Regional Banking ETFScore 67
  2. Rank 2BKBEState Street SPDR S&P Bank ETFScore 63
  3. Rank 2BKBWBInvesco KBW Bank ETFScore 63
  4. Rank 4BGSIBThemes Global Systemically Important Banks ETFScore 57
  5. Rank 6CFDIQInvesco Bloomberg Financial Data Providers ETFScore 50
  6. Rank 7DQABAFirst Trust NASDAQ ABA Community Bank Index FundScore 37
  7. Rank 8DFTXOFirst Trust Nasdaq Bank ETFScore 36

Our read on each fund

ETF.net Research

KBWBBInvesco KBW Bank ETF

QABADFirst Trust NASDAQ ABA Community Bank Index Fund

In short

KBWB Banks, and nothing but. KBWB has tracked the KBW Nasdaq Bank Index since 2011, packing roughly two dozen US bank stocks into one ticker with no insurers or asset managers diluting the theme.

QABA The bank ETF that starts by deleting the biggest banks. QABA tracks a Nasdaq index of community banks and thrifts that drops the 50 largest by assets, plus credit-card and international specialists. Main Street lenders, not money centers.

Stated mandate

KBWB The Fund seeks to track the KBW Nasdaq Bank Index and normally invests at least 90% of its total assets in securities represented by that index.

QABA The Fund seeks to track, before fees and expenses, the price and yield of the Nasdaq OMX® ABA Community BankTM Index.

Why people hold it

  • KBWB Undiluted US bank exposure: it tracks the KBW Nasdaq Bank Index and normally keeps at least 90% of assets in that index's securities.
  • A multi-billion-dollar fund that trades actively, so entering and exiting is usually straightforward even on noisy days for the sector.
  • 0.35% expense ratio, the going rate in bank funds and the same sticker as SPDR rivals KBE and KRE.
  • Live since 2011 and one of the stronger builds in its bank-fund peer group, with a mandate that has stayed put.
  • QABA Built as a pure community-bank screen: Nasdaq-listed banks and thrifts, minus the 50 largest by FDIC asset size and any credit-card or international specialists.ftportfolios.com
  • Trading since 2009 on an index co-developed with the American Bankers Association, rebalanced quarterly and market-cap weighted with issuer caps.ftportfolios.com
  • Spreads across roughly 160 small lenders, so the portfolio leans on community banking economics rather than one or two regional names.

Worth knowing

  • KBWB Around 26 holdings in a single industry. When banks wobble, there is nothing else in the basket to absorb it.
  • Bank shares live and die by rates, credit conditions and regulation, which makes for a bumpier ride than a broad-market fund.
  • Distributions land quarterly, not monthly, and the amount moves with what the underlying banks choose to pay.
  • QABA Costs 0.60% net of a waiver through April 30, 2027 (0.63% gross), above the category median and above KRE, KBE and KBWB at 0.35%.
  • Nasdaq-listed only. Community banks trading on other exchanges fall outside the index by design.ftportfolios.com
  • Thinner trading than the big regional-bank funds, which can show up as wider bid-ask spreads.

Full KBWB profile⁠

Full QABA profile⁠

KBWB vs QABA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KBWB vs QABA Cost

Overpaying QABA vs KBWB

$4,691

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KBWB 0.35%

    $7,126

  • QABA 0.60%

    $11,817

$10,000
30 years

Cost over time

  • KBWB 0.35%
  • QABA 0.60%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530QABA $11,817KBWB $7,126

Year by year

YearKBWBQABAOverpaying
10$634$1,076$442
20$2,454$4,116$1,662
30$7,126$11,817$4,691

Expense ratio

  • 0.35%KBWB, cheaper
  • 0.60%QABA
  • Middle half of Banks funds
  • Median 0.35%

KBWB 2nd cheapest of 9 funds

QABA 8th cheapest of 9 funds

KBWB vs QABA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
KBWB 2.11%
QABA 2.32%, better
Payout (12M)
KBWB $1.87
QABA $1.54
Last payment
KBWB $0.46
QABA $0.36
Ex-dividend
KBWB Sep 21, 2026
QABA Sep 24, 2026
Paid on
KBWB Sep 25, 2026
QABA Sep 30, 2026
Frequency
KBWB Quarterly
QABA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

KBWBQuarterly · 39 paymentsAll KBWB payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.06; Jun 16, 2017 $0.18; Sep 18, 2017 $0.22; Dec 18, 2017 $0.28; Mar 19, 2018 $0.19; Jun 18, 2018 $0.22; Sep 24, 2018 $0.32; Dec 24, 2018 $0.38; Mar 18, 2019 $0.26; Jun 24, 2019 $0.31; Sep 23, 2019 $0.37; Dec 23, 2019 $0.45; Mar 23, 2020 $0.37; Jun 22, 2020 $0.33; Sep 21, 2020 $0.29; Dec 21, 2020 $0.33; Mar 22, 2021 $0.29; Jun 21, 2021 $0.33; Sep 20, 2021 $0.34; Dec 20, 2021 $0.48; Mar 21, 2022 $0.34; Jun 21, 2022 $0.44; Sep 19, 2022 $0.38; Dec 19, 2022 $0.41; Mar 20, 2023 $0.33; Jun 20, 2023 $0.45; Sep 18, 2023 $0.41; Dec 18, 2023 $0.39; Mar 18, 2024 $0.43; Jun 24, 2024 $0.40; Sep 23, 2024 $0.42; Dec 23, 2024 $0.36; Mar 24, 2025 $0.41; Jun 23, 2025 $0.41; Sep 22, 2025 $0.45; Dec 22, 2025 $0.44; Mar 23, 2026 $0.49; Jun 22, 2026 $0.47; Sep 21, 2026 $0.46. Use the arrow keys to read each point.$0$0.502017202020232026YTD
QABAQuarterly · 39 paymentsAll QABA payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.13; Jun 22, 2017 $0.18; Sep 21, 2017 $0.19; Dec 21, 2017 $0.25; Mar 22, 2018 $0.14; Jun 21, 2018 $0.17; Sep 14, 2018 $0.16; Dec 18, 2018 $0.35; Mar 21, 2019 $0.18; Jun 14, 2019 $0.22; Sep 25, 2019 $0.34; Dec 13, 2019 $0.26; Mar 26, 2020 $0.27; Jun 25, 2020 $0.33; Sep 24, 2020 $0.26; Dec 24, 2020 $0.29; Mar 25, 2021 $0.21; Jun 24, 2021 $0.22; Sep 23, 2021 $0.24; Dec 23, 2021 $0.32; Mar 25, 2022 $0.27; Jun 24, 2022 $0.27; Sep 23, 2022 $0.29; Dec 23, 2022 $0.28; Mar 24, 2023 $0.35; Jun 27, 2023 $0.34; Sep 22, 2023 $0.31; Dec 22, 2023 $0.36; Mar 21, 2024 $0.27; Jun 27, 2024 $0.43; Sep 26, 2024 $0.28; Dec 13, 2024 $0.34; Mar 27, 2025 $0.31; Jun 26, 2025 $0.28; Sep 25, 2025 $0.35; Dec 12, 2025 $0.49; Mar 26, 2026 $0.34; Jun 25, 2026 $0.35; Sep 24, 2026 $0.36. Use the arrow keys to read each point.$0$0.502017202020232026YTD

KBWB vs QABA Risk

Fall from peak · 5 years

  • KBWB
  • QABA
Oct 29, 2021 to Oct 30, 2026. Worst fall: KBWB −49.3% · May 2023. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
KBWB 21.5%, betterQABA 22.9%
Return per unit of riskSharpe ratio, 3 years
KBWB 1.35, betterQABA 0.83
Worst fallMax drawdown, 5 years
KBWB −49.3%QABA −43.0%, better
Market sensitivityBeta, 5 years
KBWB 1.24QABA 0.98

KBWB and QABA in the news

All news⁠

Popular comparisons

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