FAFDX vs. FRBAX
FAFDX (Fidelity Advisor Financial Services Fund Class A) and FRBAX (John Hancock Regional Bank Fund) are both Financials Equities funds. Over the past 10 years, FAFDX returned 14.40%/yr vs 10.85%/yr for FRBAX. Their correlation of 0.91 suggests significant overlap in exposure. FAFDX charges 1.03%/yr vs 1.22%/yr for FRBAX.
Performance
FAFDX vs. FRBAX - Performance Comparison
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Returns By Period
In the year-to-date period, FAFDX achieves a 2.79% return, which is significantly lower than FRBAX's 12.63% return. Over the past 10 years, FAFDX has outperformed FRBAX with an annualized return of 14.40%, while FRBAX has yielded a comparatively lower 10.85% annualized return.
FAFDX
- 1D
- 0.73%
- 1M
- 4.34%
- YTD
- 2.79%
- 6M
- 1.20%
- 1Y
- 13.08%
- 3Y*
- 25.86%
- 5Y*
- 12.78%
- 10Y*
- 14.40%
FRBAX
- 1D
- 0.77%
- 1M
- 4.97%
- YTD
- 12.63%
- 6M
- 9.88%
- 1Y
- 28.70%
- 3Y*
- 26.25%
- 5Y*
- 7.70%
- 10Y*
- 10.85%
FAFDX vs. FRBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFDX Fidelity Advisor Financial Services Fund Class A | 2.79% | 14.91% | 39.01% | 14.03% | -8.93% | 32.90% | -0.25% | 33.77% | -16.09% | 20.17% |
FRBAX John Hancock Regional Bank Fund | 12.63% | 11.07% | 22.54% | -1.93% | -12.25% | 40.51% | -10.11% | 27.60% | -17.61% | 10.32% |
Correlation
The correlation between FAFDX and FRBAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996 | 0.91 |
The correlation between FAFDX and FRBAX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
FAFDX vs. FRBAX — Risk / Return Rank
FAFDX
FRBAX
FAFDX vs. FRBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class A (FAFDX) and John Hancock Regional Bank Fund (FRBAX). 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.
| FAFDX | FRBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.25 | -1.11 |
| Martin ratioReturn relative to average drawdown | 3.24 | 5.97 | -2.72 |
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Drawdowns
FAFDX vs. FRBAX - Drawdown Comparison
The maximum FAFDX drawdown since its inception was -75.69%, which is greater than FRBAX's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for FAFDX and FRBAX.
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Drawdown Indicators
| FAFDX | FRBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -67.55% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -14.22% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -25.26% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -46.15% | +21.01% |
Max Drawdown (10Y)Largest decline over 10 years | -45.99% | -52.24% | +6.25% |
Current DrawdownCurrent decline from peak | -0.46% | -1.21% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -17.63% | -12.27% | -5.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 5.35% | -0.76% |
Volatility
FAFDX vs. FRBAX - Volatility Comparison
The current volatility for Fidelity Advisor Financial Services Fund Class A (FAFDX) is 4.39%, while John Hancock Regional Bank Fund (FRBAX) has a volatility of 5.89%. This indicates that FAFDX experiences smaller price fluctuations and is considered to be less risky than FRBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFDX | FRBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 5.89% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 14.83% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 21.51% | -5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.03% | 26.45% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.88% | 29.33% | -5.45% |
FAFDX vs. FRBAX - Expense Ratio Comparison
FAFDX has a 1.03% expense ratio, which is lower than FRBAX's 1.22% expense ratio.
Dividends
FAFDX vs. FRBAX - Dividend Comparison
FAFDX's dividend yield for the trailing twelve months is around 6.74%, less than FRBAX's 7.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFDX Fidelity Advisor Financial Services Fund Class A | 6.74% | 6.93% | 9.59% | 2.29% | 5.93% | 4.21% | 2.47% | 1.21% | 4.00% | 0.06% | 0.21% | 0.53% |
FRBAX John Hancock Regional Bank Fund | 7.41% | 8.82% | 9.72% | 2.65% | 5.83% | 5.26% | 2.43% | 1.75% | 1.92% | 1.76% | 2.94% | 4.42% |
Frequently Asked Questions
FAFDX and FRBAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRBAX has higher volatility (5.89%) compared to FAFDX (4.39%). In terms of maximum drawdown, FAFDX dropped -75.69% vs FRBAX's -67.55%.
FRBAX currently has the higher Sharpe Ratio (1.49 vs 0.93), 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.
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