FLC vs. FRBAX

Last updated Jun 23, 2026

FLC (Flaherty & Crumrine Total Return Fund Inc) and FRBAX (John Hancock Regional Bank Fund) are both Financials Equities funds. Over the past 10 years, FLC returned 4.61%/yr vs 10.42%/yr for FRBAX. At a 0.26 correlation, their price movements are largely independent. FLC charges 1.64%/yr vs 1.22%/yr for FRBAX.

Performance

FLC vs. FRBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Flaherty & Crumrine Total Return Fund Inc (FLC) and John Hancock Regional Bank Fund (FRBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLC achieves a -1.76% return, which is significantly lower than FRBAX's 11.77% return. Over the past 10 years, FLC has underperformed FRBAX with an annualized return of 4.61%, while FRBAX has yielded a comparatively higher 10.42% annualized return.

FLC

• 1D: -0.54%
• 1M: -0.77%
• YTD: -1.76%
• 6M: -1.32%
• 1Y: 6.69%
• 3Y*: 12.62%
• 5Y*: -0.36%
• 10Y*: 4.61%

FRBAX

• 1D: 0.62%
• 1M: 4.17%
• YTD: 11.77%
• 6M: 8.21%
• 1Y: 30.86%
• 3Y*: 23.61%
• 5Y*: 8.24%
• 10Y*: 10.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLC vs. FRBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLC Flaherty & Crumrine Total Return Fund Inc	-1.76%	12.38%	23.05%	-0.83%	-25.11%	2.82%	14.12%	38.65%	-14.14%	17.00%
FRBAX John Hancock Regional Bank Fund	11.77%	11.07%	22.54%	-1.93%	-12.25%	40.51%	-10.11%	27.60%	-17.61%	10.32%

Correlation

The correlation between FLC and FRBAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 9, 2003	0.26

The correlation between FLC and FRBAX shifts across timeframes, from 0.24 (1 year) to 0.37 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FLC vs. FRBAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLC

FLC Risk / Return Rank: 11
FLC Sharpe Ratio Rank: 13
FLC Sortino Ratio Rank: 11
FLC Omega Ratio Rank: 13
FLC Calmar Ratio Rank: 9
FLC Martin Ratio Rank: 9

FRBAX

FRBAX Risk / Return Rank: 31
FRBAX Sharpe Ratio Rank: 31
FRBAX Sortino Ratio Rank: 29
FRBAX Omega Ratio Rank: 31
FRBAX Calmar Ratio Rank: 38
FRBAX Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLC vs. FRBAX - 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 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.

	FLC	FRBAX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.48	-0.54
Sortino ratio: Return per unit of downside risk	1.29	2.09	-0.80
Omega ratio: Gain probability vs. loss probability	1.17	1.27	-0.10
Calmar ratio: Return relative to maximum drawdown	0.81	2.23	-1.42
Martin ratio: Return relative to average drawdown	2.50	5.91	-3.40

FLC vs. FRBAX - Sharpe Ratio Comparison

The current FLC Sharpe Ratio is 0.93, which is lower than the FRBAX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of FLC and FRBAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLC vs. FRBAX - Drawdown Comparison

The maximum FLC drawdown since its inception was -76.79%, which is greater than FRBAX's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for FLC and FRBAX.

Drawdown Indicators

	FLC	FRBAX	Difference
Max Drawdown Largest peak-to-trough decline	-76.79%	-67.55%	-9.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-14.22%	+5.88%
Max Drawdown (3Y) Largest decline over 3 years	-11.87%	-25.26%	+13.39%
Max Drawdown (5Y) Largest decline over 5 years	-40.14%	-46.15%	+6.01%
Max Drawdown (10Y) Largest decline over 10 years	-55.27%	-52.24%	-3.03%
Current Drawdown Current decline from peak	-5.16%	-1.96%	-3.20%
Average Drawdown Average peak-to-trough decline	-10.85%	-12.27%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	5.35%	-2.67%

Volatility

FLC vs. FRBAX - Volatility Comparison

The current volatility for Flaherty & Crumrine Total Return Fund Inc (FLC) is 1.76%, while John Hancock Regional Bank Fund (FRBAX) has a volatility of 6.13%. This indicates that FLC 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.

Volatility by Period

	FLC	FRBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	6.13%	-4.37%
Volatility (6M) Calculated over the trailing 6-month period	6.13%	14.82%	-8.69%
Volatility (1Y) Calculated over the trailing 1-year period	7.21%	21.49%	-14.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	26.48%	-12.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.04%	29.33%	-7.29%

FLC vs. FRBAX - Expense Ratio Comparison

FLC has a 1.64% expense ratio, which is higher than FRBAX's 1.22% expense ratio.

Dividends

FLC vs. FRBAX - Dividend Comparison

FLC's dividend yield for the trailing twelve months is around 7.44%, less than FRBAX's 7.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLC Flaherty & Crumrine Total Return Fund Inc	6.87%	6.81%	6.62%	7.38%	8.95%	6.86%	6.27%	6.31%	8.34%	7.22%	8.20%	8.51%
FRBAX John Hancock Regional Bank Fund	7.47%	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

Can I hold both FLC and FRBAX in my portfolio?

FLC and FRBAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLC or FRBAX?

FRBAX has higher volatility (6.13%) compared to FLC (1.76%). In terms of maximum drawdown, FLC dropped -76.79% vs FRBAX's -67.55%.

Which has better risk-adjusted returns?

FRBAX currently has the higher Sharpe Ratio (1.48 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.