BTO vs. MPV
BTO (John Hancock Financial Opportunities Fund) is Financials Equities fund actively managed by John Hancock, while MPV (Barings Participation Investors) is a stock. Over the past 10 years, BTO returned 11.98%/yr vs 9.38%/yr for MPV. At a 0.07 correlation, their price movements are largely independent.
Performance
BTO vs. MPV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTO achieves a 12.49% return, which is significantly higher than MPV's 8.59% return. Over the past 10 years, BTO has outperformed MPV with an annualized return of 11.98%, while MPV has yielded a comparatively lower 9.38% annualized return.
BTO
- 1D
- 1.28%
- 1M
- 5.77%
- YTD
- 12.49%
- 6M
- 10.19%
- 1Y
- 22.54%
- 3Y*
- 23.70%
- 5Y*
- 7.43%
- 10Y*
- 11.98%
MPV
- 1D
- -1.06%
- 1M
- 1.86%
- YTD
- 8.59%
- 6M
- -4.41%
- 1Y
- -5.76%
- 3Y*
- 19.26%
- 5Y*
- 13.38%
- 10Y*
- 9.38%
BTO vs. MPV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTO John Hancock Financial Opportunities Fund | 12.49% | 5.85% | 28.92% | -1.16% | -23.58% | 61.86% | -8.97% | 38.87% | -25.68% | 13.12% |
MPV Barings Participation Investors | 8.59% | 0.74% | 20.52% | 39.14% | -10.73% | 31.93% | -21.01% | 14.57% | 14.84% | 7.04% |
Correlation
The correlation between BTO and MPV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 1994 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTO vs. MPV — Risk / Return Rank
BTO
MPV
BTO vs. MPV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Financial Opportunities Fund (BTO) and Barings Participation Investors (MPV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTO | MPV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.98 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | -0.29 | +1.78 |
| Martin ratioReturn relative to average drawdown | 3.68 | -0.74 | +4.42 |
Loading charts...
Drawdowns
BTO vs. MPV - Drawdown Comparison
The maximum BTO drawdown since its inception was -72.27%, which is greater than MPV's maximum drawdown of -54.02%. Use the drawdown chart below to compare losses from any high point for BTO and MPV.
Loading charts...
Drawdown Indicators
| BTO | MPV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.27% | -54.02% | -18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -19.76% | +4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -25.19% | -19.76% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -51.80% | -22.63% | -29.17% |
Max Drawdown (10Y)Largest decline over 10 years | -65.70% | -54.02% | -11.68% |
Current DrawdownCurrent decline from peak | -0.68% | -12.87% | +12.19% |
Average DrawdownAverage peak-to-trough decline | -18.97% | -7.75% | -11.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 7.79% | -1.65% |
Volatility
BTO vs. MPV - Volatility Comparison
The current volatility for John Hancock Financial Opportunities Fund (BTO) is 5.53%, while Barings Participation Investors (MPV) has a volatility of 6.16%. This indicates that BTO experiences smaller price fluctuations and is considered to be less risky than MPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTO | MPV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 6.16% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 19.55% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.75% | 25.17% | -4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.89% | 21.18% | +9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.12% | 25.85% | +10.27% |
Dividends
BTO vs. MPV - Dividend Comparison
BTO's dividend yield for the trailing twelve months is around 6.83%, less than MPV's 8.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTO John Hancock Financial Opportunities Fund | 6.83% | 7.41% | 7.28% | 8.64% | 7.51% | 4.72% | 7.25% | 6.06% | 5.94% | 3.76% | 5.10% | 4.75% |
MPV Barings Participation Investors | 8.76% | 9.31% | 9.19% | 8.27% | 6.98% | 5.41% | 6.73% | 6.70% | 7.18% | 7.66% | 7.61% | 7.86% |
Frequently Asked Questions
BTO and MPV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPV has higher volatility (6.16%) compared to BTO (5.53%). In terms of maximum drawdown, BTO dropped -72.27% vs MPV's -54.02%.
BTO currently has the higher Sharpe Ratio (1.10 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BTO and MPV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer