FRBAX vs. HLFNX
FRBAX (John Hancock Regional Bank Fund) and HLFNX (Hennessy Large Cap Financial Fund) are both Financials Equities funds. Over the past 10 years, FRBAX returned 10.81%/yr vs 11.82%/yr for HLFNX. Their correlation of 0.89 means they have usually moved in the same direction. FRBAX charges 1.22%/yr vs 1.68%/yr for HLFNX.
Performance
FRBAX vs. HLFNX - Performance Comparison
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Returns By Period
In the year-to-date period, FRBAX achieves a 19.26% return, which is significantly higher than HLFNX's 3.46% return. Over the past 10 years, FRBAX has underperformed HLFNX with an annualized return of 10.81%, while HLFNX has yielded a comparatively higher 11.82% annualized return.
FRBAX
- 1D
- -0.80%
- 1M
- 1.61%
- 6M
- 13.32%
- YTD
- 19.26%
- 1Y
- 35.29%
- 3Y*
- 21.39%
- 5Y*
- 9.70%
- 10Y*
- 10.81%
- ALL TIME*
- 10.44%
HLFNX
- 1D
- 1.09%
- 1M
- 1.30%
- 6M
- 6.90%
- YTD
- 3.46%
- 1Y
- 11.35%
- 3Y*
- 19.53%
- 5Y*
- 5.07%
- 10Y*
- 11.82%
- ALL TIME*
- 5.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FRBAX vs. HLFNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRBAX John Hancock Regional Bank Fund | 19.26% | 11.07% | 22.54% | -1.93% | -12.25% | 40.51% | -10.11% | 27.60% | -17.61% | 10.32% |
HLFNX Hennessy Large Cap Financial Fund | 3.46% | 22.07% | 28.45% | 4.58% | -24.88% | 18.96% | 16.55% | 29.75% | -11.78% | 19.42% |
Correlation
The correlation between FRBAX and HLFNX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.89 |
The correlation between FRBAX and HLFNX shifts across timeframes, from 0.69 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRBAX vs. HLFNX — Risk / Return Rank
FRBAX
HLFNX
FRBAX vs. HLFNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Regional Bank Fund (FRBAX) and Hennessy Large Cap Financial Fund (HLFNX). 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 | HLFNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.07 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.36 | +1.83 |
| Martin ratioReturn relative to average drawdown | 5.91 | 0.88 | +5.04 |
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Drawdowns
FRBAX vs. HLFNX - Drawdown Comparison
The maximum FRBAX drawdown since its inception was -67.55%, smaller than the maximum HLFNX drawdown of -71.74%. Use the drawdown chart below to compare losses from any high point for FRBAX and HLFNX.
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Drawdown Indicators
| FRBAX | HLFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -71.74% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -18.44% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -24.02% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -46.15% | -44.03% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -52.24% | -44.03% | -8.21% |
Current DrawdownCurrent decline from peak | -2.28% | -0.95% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -12.24% | -21.19% | +8.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 7.50% | -2.25% |
Volatility
FRBAX vs. HLFNX - Volatility Comparison
John Hancock Regional Bank Fund (FRBAX) has a higher volatility of 5.71% compared to Hennessy Large Cap Financial Fund (HLFNX) at 5.34%. This indicates that FRBAX's price experiences larger fluctuations and is considered to be riskier than HLFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRBAX | HLFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 5.34% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 14.55% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.25% | 19.70% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.31% | 23.89% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.25% | 24.15% | +5.10% |
FRBAX vs. HLFNX - Expense Ratio Comparison
FRBAX has a 1.22% expense ratio, which is lower than HLFNX's 1.68% expense ratio.
Dividends
FRBAX vs. HLFNX - Dividend Comparison
FRBAX's dividend yield for the trailing twelve months is around 7.14%, less than HLFNX's 7.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRBAX John Hancock Regional Bank Fund | 7.14% | 8.82% | 9.72% | 2.65% | 5.83% | 5.26% | 2.43% | 1.75% | 1.92% | 1.76% | 2.94% | 4.42% |
HLFNX Hennessy Large Cap Financial Fund | 7.66% | 7.92% | 0.56% | 1.72% | 7.39% | 5.16% | 0.00% | 0.00% | 3.15% | 4.60% | 0.54% | 10.23% |
Frequently Asked Questions
FRBAX and HLFNX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRBAX has higher volatility (5.71%) compared to HLFNX (5.34%). In terms of maximum drawdown, FRBAX dropped -67.55% vs HLFNX's -71.74%.
FRBAX currently has the higher Sharpe Ratio (1.46 vs 0.33), 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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