FLC vs. BTO
FLC (Flaherty & Crumrine Total Return Fund Inc) and BTO (John Hancock Financial Opportunities Fund) are both Financials Equities funds. Both are actively managed. Over the past 10 years, FLC returned 4.70%/yr vs 11.85%/yr for BTO. Their 0.29 correlation means their historical movements had little consistent relationship. FLC charges 1.64%/yr vs 2.01%/yr for BTO.
Performance
FLC vs. BTO - Performance Comparison
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Returns By Period
In the year-to-date period, FLC achieves a -0.52% return, which is significantly lower than BTO's 19.05% return. Over the past 10 years, FLC has underperformed BTO with an annualized return of 4.70%, while BTO has yielded a comparatively higher 11.85% annualized return.
FLC
- 1D
- 0.12%
- 1M
- -0.97%
- 6M
- -2.28%
- YTD
- -0.52%
- 1Y
- 5.01%
- 3Y*
- 12.34%
- 5Y*
- -0.10%
- 10Y*
- 4.70%
- ALL TIME*
- 6.73%
BTO
- 1D
- -1.01%
- 1M
- 1.54%
- 6M
- 11.28%
- YTD
- 19.05%
- 1Y
- 25.47%
- 3Y*
- 18.96%
- 5Y*
- 8.83%
- 10Y*
- 11.85%
- ALL TIME*
- 9.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.88M | $1.88M | $1.75M | |
| $387.95K | $309.19K | $366.10K |
FLC vs. BTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLC Flaherty & Crumrine Total Return Fund Inc | -0.52% | 12.38% | 23.05% | -0.83% | -25.11% | 2.82% | 14.12% | 38.65% | -14.14% | 17.00% |
BTO John Hancock Financial Opportunities Fund | 19.05% | 5.85% | 28.92% | -1.16% | -23.58% | 61.86% | -8.97% | 38.87% | -25.68% | 13.12% |
Correlation
The correlation between FLC and BTO is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2003 | 0.29 |
The correlation between FLC and BTO shifts across timeframes, from 0.26 (10 years) to 0.37 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLC vs. BTO — Risk / Return Rank
FLC
BTO
FLC vs. BTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flaherty & Crumrine Total Return Fund Inc (FLC) and John Hancock Financial Opportunities Fund (BTO). 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.
| FLC | BTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.54 | -0.94 |
| Martin ratioReturn relative to average drawdown | 1.68 | 3.88 | -2.20 |
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Drawdowns
FLC vs. BTO - Drawdown Comparison
The maximum FLC drawdown since its inception was -76.79%, which is greater than BTO's maximum drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for FLC and BTO.
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Drawdown Indicators
| FLC | BTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.79% | -72.27% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -15.26% | +6.92% |
Max Drawdown (3Y)Largest decline over 3 years | -11.81% | -25.19% | +13.38% |
Max Drawdown (5Y)Largest decline over 5 years | -40.14% | -51.80% | +11.66% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -65.70% | +10.43% |
Current DrawdownCurrent decline from peak | -3.96% | -2.96% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -18.91% | +8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 6.03% | -3.08% |
Volatility
FLC vs. BTO - Volatility Comparison
The current volatility for Flaherty & Crumrine Total Return Fund Inc (FLC) is 1.89%, while John Hancock Financial Opportunities Fund (BTO) has a volatility of 5.39%. This indicates that FLC experiences smaller price fluctuations and is considered to be less risky than BTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLC | BTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 5.39% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.14% | 15.07% | -8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.38% | 20.73% | -13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 30.79% | -16.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 36.01% | -14.03% |
FLC vs. BTO - Expense Ratio Comparison
FLC has a 1.64% expense ratio, which is lower than BTO's 2.01% expense ratio.
Dividends
FLC vs. BTO - Dividend Comparison
FLC's dividend yield for the trailing twelve months is around 7.55%, more than BTO's 6.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTO John Hancock Financial Opportunities Fund | 6.45% | 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 | 7.55% | 6.81% | 6.62% | 7.38% | 8.95% | 6.86% | 6.27% | 6.31% | 8.34% | 7.22% | 8.20% | 8.51% |
Frequently Asked Questions
FLC and BTO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTO has higher volatility (5.39%) compared to FLC (1.89%). In terms of maximum drawdown, FLC dropped -76.79% vs BTO's -72.27%.
BTO currently has the higher Sharpe Ratio (1.13 vs 0.67), 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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