BTO vs. FLC
Compare and contrast key facts about John Hancock Financial Opportunities Fund (BTO) and Flaherty & Crumrine Total Return Fund Inc (FLC).
BTO is an actively managed fund by John Hancock. It was launched on Aug 18, 1994. FLC is an actively managed fund by Flaherty & Crumrine. It was launched on Aug 29, 2003.
Performance
BTO vs. FLC - Performance Comparison
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BTO vs. FLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTO John Hancock Financial Opportunities Fund | 4.20% | 5.85% | 28.92% | -1.16% | -23.58% | 61.86% | -8.97% | 38.87% | -25.68% | 13.12% |
FLC Flaherty & Crumrine Total Return Fund Inc | -3.43% | 12.38% | 23.05% | -0.83% | -25.11% | 2.82% | 14.12% | 38.65% | -14.14% | 17.00% |
Returns By Period
In the year-to-date period, BTO achieves a 4.20% return, which is significantly higher than FLC's -3.43% return. Over the past 10 years, BTO has outperformed FLC with an annualized return of 10.87%, while FLC has yielded a comparatively lower 5.33% annualized return.
BTO
- 1D
- 4.88%
- 1M
- 2.50%
- YTD
- 4.20%
- 6M
- 3.43%
- 1Y
- 13.12%
- 3Y*
- 14.52%
- 5Y*
- 6.15%
- 10Y*
- 10.87%
FLC
- 1D
- 1.59%
- 1M
- -5.90%
- YTD
- -3.43%
- 6M
- -3.32%
- 1Y
- 6.24%
- 3Y*
- 11.79%
- 5Y*
- -0.62%
- 10Y*
- 5.33%
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BTO vs. FLC - Expense Ratio Comparison
BTO has a 2.01% expense ratio, which is higher than FLC's 1.64% expense ratio.
Return for Risk
BTO vs. FLC — Risk / Return Rank
BTO
FLC
BTO vs. FLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Financial Opportunities Fund (BTO) and Flaherty & Crumrine Total Return Fund Inc (FLC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BTO | FLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 0.55 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.88 | 0.75 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.14 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.70 | +0.11 |
Martin ratioReturn relative to average drawdown | 2.13 | 2.71 | -0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTO | FLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.55 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.04 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.24 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.28 | +0.02 |
Correlation
The correlation between BTO and FLC is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BTO vs. FLC - Dividend Comparison
BTO's dividend yield for the trailing twelve months is around 7.25%, less than FLC's 7.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTO John Hancock Financial Opportunities Fund | 7.25% | 7.41% | 7.28% | 8.64% | 7.51% | 4.72% | 7.25% | 6.06% | 5.94% | 3.76% | 5.10% | 4.75% |
FLC Flaherty & Crumrine Total Return Fund Inc | 7.36% | 6.81% | 6.62% | 7.38% | 8.95% | 6.86% | 6.27% | 6.31% | 8.34% | 7.22% | 8.20% | 8.51% |
Drawdowns
BTO vs. FLC - Drawdown Comparison
The maximum BTO drawdown since its inception was -72.27%, smaller than the maximum FLC drawdown of -76.79%. Use the drawdown chart below to compare losses from any high point for BTO and FLC.
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Drawdown Indicators
| BTO | FLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.27% | -76.79% | +4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.79% | -8.69% | -8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -51.80% | -40.14% | -11.66% |
Max Drawdown (10Y)Largest decline over 10 years | -65.70% | -55.27% | -10.43% |
Current DrawdownCurrent decline from peak | -8.00% | -6.77% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -19.08% | -10.92% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 2.26% | +4.19% |
Volatility
BTO vs. FLC - Volatility Comparison
John Hancock Financial Opportunities Fund (BTO) has a higher volatility of 7.28% compared to Flaherty & Crumrine Total Return Fund Inc (FLC) at 4.25%. This indicates that BTO's price experiences larger fluctuations and is considered to be riskier than FLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTO | FLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 4.25% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 5.78% | +10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.68% | 11.34% | +13.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.47% | 14.23% | +17.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.21% | 22.06% | +14.15% |