QABA vs IONL
Comparison between FIRST TRUST NASDAQ ABA COMMUNITY BANK INDEX FUND (QABA, ETF) and GRANITESHARES 2X LONG IONQ DAILY ETF (IONL, ETF).
QABA vs IONL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
QABA
$88M
IONL
$87M
Expense Ratio
QABA
0.60%
IONL
N/A
Max Drawdown
Winner
QABA
51.03%
IONL
93.41%
Sharpe Ratio
Winner
QABA
0.81
IONL
0.06
5Y Beta
Winner
QABA
0.85
IONL
5.04
P/E Ratio
QABA
14.72
IONL
N/A
Forward P/E
QABA
12.03
IONL
N/A
5Y Dividends CAGR
QABA
6.73%
IONL
N/A
5Y EPS CAGR
QABA
8.51%
IONL
N/A
Debt to Equity
QABA
11.29%
IONL
N/A
P/S Ratio
QABA
4.37
IONL
N/A
P/B Ratio
QABA
1.38
IONL
N/A
QABA vs IONL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
QABA
+3.08%
IONL
-67.49%
3M
Winner
QABA
+9.59%
IONL
-53.14%
6M
Winner
QABA
+15.21%
IONL
-69.85%
1Y
Winner
QABA
+20.91%
IONL
-77.66%
5Y(CAGR)
QABA
+7.85%
IONL
N/A
10Y(CAGR)
QABA
+7.89%
IONL
N/A
Max(CAGR)
Winner
QABA
+9.46%
IONL
-45.66%
QABA vs IONL - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | QABA | IONL |
|---|---|---|
| 2026 | +20.62% | -70.36% |
| 2025 | +6.18% | +38.57% |
| 2024 | +14.29% | N/A |
| 2023 | -1.51% | N/A |
| 2022 | -10.27% | N/A |
| 2021 | +34.73% | N/A |
| 2020 | -10.88% | N/A |
| 2019 | +20.99% | N/A |
| 2018 | -16.49% | N/A |
| 2017 | +0.73% | N/A |
| 2016 | +41.73% | N/A |
| 2015 | +9.03% | N/A |
| 2014 | +4.31% | N/A |
| 2013 | +40.71% | N/A |
| 2012 | +11.49% | N/A |
| 2011 | -8.46% | N/A |
| 2010 | +11.50% | N/A |
| 2009 | +12.98% | N/A |
QABA vs IONL Drawdown Comparison
The maximum drawdown for QABA was -49.30%, occurring on Mar 23, 2020. Recovery took 682 trading sessions.
The maximum drawdown for IONL was -93.41%, occurring on Mar 30, 2026. This drawdown has not yet recovered.
The current QABA drawdown is -3.46%. The current IONL drawdown is -92.48%.
| Rank | QABA | IONL |
|---|---|---|
| #1 | -49.30% Jun 8, 2018 - Feb 24, 2021 | -93.41% Oct 13, 2025 - Mar 30, 2026 |
| #2 | -42.95% Jan 14, 2022 - Nov 6, 2024 | -49.40% May 27, 2025 - Sep 12, 2025 |
| #3 | -32.60% Apr 23, 2010 - Jan 22, 2013 | -37.57% Mar 25, 2025 - Apr 24, 2025 |
| #4 | -25.82% Nov 25, 2024 - Jan 21, 2026 | -33.63% Sep 23, 2025 - Oct 6, 2025 |
| #5 | -22.48% Dec 1, 2015 - Aug 30, 2016 | -22.02% Oct 7, 2025 - Oct 13, 2025 |
| #6 | -15.02% Mar 12, 2021 - Nov 3, 2021 | -10.92% May 2, 2025 - May 8, 2025 |
| #7 | -14.45% Mar 1, 2017 - Nov 29, 2017 | -10.34% May 20, 2025 - May 22, 2025 |
| #8 | -12.49% Feb 6, 2026 - Jun 9, 2026 | -9.84% Apr 25, 2025 - May 2, 2025 |
| #9 | -12.33% Mar 20, 2014 - Apr 15, 2015 | -5.95% May 14, 2025 - May 16, 2025 |
| #10 | -10.83% Jul 22, 2015 - Oct 28, 2015 | -4.23% May 8, 2025 - May 12, 2025 |
| #11 | -10.81% Aug 10, 2009 - Jan 7, 2010 | -0.86% May 22, 2025 - May 27, 2025 |
| #12 | -9.59% Jan 22, 2014 - Mar 7, 2014 | -0.05% May 16, 2025 - May 20, 2025 |
| #13 | -8.96% Nov 23, 2021 - Jan 6, 2022 | N/A |
| #14 | -7.47% Mar 9, 2018 - May 16, 2018 | N/A |
| #15 | -7.11% Jan 23, 2018 - Mar 7, 2018 | N/A |
Correlation
Correlation between QABA and IONL is -0.32 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.32
-101
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