FRBAX vs. BTO
FRBAX (John Hancock Regional Bank Fund) and BTO (John Hancock Financial Opportunities Fund) are both Financials Equities funds from John Hancock. Over the past 10 years, FRBAX returned 10.42%/yr vs 11.84%/yr for BTO. A 0.76 correlation means they provide meaningful diversification when combined. FRBAX charges 1.22%/yr vs 2.01%/yr for BTO.
Performance
FRBAX vs. BTO - Performance Comparison
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Returns By Period
In the year-to-date period, FRBAX achieves a 11.77% return, which is significantly higher than BTO's 11.07% return. Over the past 10 years, FRBAX has underperformed BTO with an annualized return of 10.42%, while BTO has yielded a comparatively higher 11.84% annualized return.
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%
BTO
- 1D
- 1.10%
- 1M
- 4.44%
- YTD
- 11.07%
- 6M
- 8.02%
- 1Y
- 23.74%
- 3Y*
- 23.18%
- 5Y*
- 7.53%
- 10Y*
- 11.84%
FRBAX vs. BTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BTO John Hancock Financial Opportunities Fund | 11.07% | 5.85% | 28.92% | -1.16% | -23.58% | 61.86% | -8.97% | 38.87% | -25.68% | 13.12% |
Correlation
The correlation between FRBAX and BTO is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 1994 | 0.76 |
The correlation between FRBAX and BTO has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
FRBAX vs. BTO — Risk / Return Rank
FRBAX
BTO
FRBAX vs. BTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Regional Bank Fund (FRBAX) 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.
| FRBAX | BTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.56 | +0.67 |
| Martin ratioReturn relative to average drawdown | 5.91 | 3.87 | +2.03 |
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Drawdowns
FRBAX vs. BTO - Drawdown Comparison
The maximum FRBAX drawdown since its inception was -67.55%, smaller than the maximum BTO drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for FRBAX and BTO.
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Drawdown Indicators
| FRBAX | BTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -72.27% | +4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -15.26% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -25.19% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -46.15% | -51.80% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -52.24% | -65.70% | +13.46% |
Current DrawdownCurrent decline from peak | -1.96% | -1.93% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -12.27% | -18.98% | +6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 6.14% | -0.79% |
Volatility
FRBAX vs. BTO - Volatility Comparison
John Hancock Regional Bank Fund (FRBAX) has a higher volatility of 6.13% compared to John Hancock Financial Opportunities Fund (BTO) at 5.44%. This indicates that FRBAX's price experiences larger fluctuations and is considered to be riskier 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
| FRBAX | BTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 5.44% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 15.18% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.49% | 20.75% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 30.88% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.33% | 36.14% | -6.81% |
FRBAX vs. BTO - Expense Ratio Comparison
FRBAX has a 1.22% expense ratio, which is lower than BTO's 2.01% expense ratio.
Dividends
FRBAX vs. BTO - Dividend Comparison
FRBAX's dividend yield for the trailing twelve months is around 7.87%, more than BTO's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTO John Hancock Financial Opportunities Fund | 6.92% | 7.41% | 7.28% | 8.64% | 7.51% | 4.72% | 7.25% | 6.06% | 5.94% | 3.76% | 5.10% | 4.75% |
FRBAX John Hancock Regional Bank Fund | 7.87% | 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
FRBAX and BTO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRBAX has higher volatility (6.13%) compared to BTO (5.44%). In terms of maximum drawdown, FRBAX dropped -67.55% vs BTO's -72.27%.
FRBAX currently has the higher Sharpe Ratio (1.48 vs 1.15), 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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