FRBAX vs. JCCIX

Last updated Aug 1, 2026

FRBAX (John Hancock Regional Bank Fund) and JCCIX (John Hancock Small Cap Core Fund) are both mutual funds - FRBAX is a Financials Equities fund managed by John Hancock, while JCCIX is a Small Cap Blend Equities fund managed by John Hancock. Over the past 10 years, FRBAX returned 10.81%/yr vs 10.19%/yr for JCCIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. FRBAX charges 1.22%/yr vs 0.98%/yr for JCCIX.

Performance

FRBAX vs. JCCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Regional Bank Fund (FRBAX) and John Hancock Small Cap Core Fund (JCCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRBAX achieves a 19.26% return, which is significantly lower than JCCIX's 23.12% return. Over the past 10 years, FRBAX has outperformed JCCIX with an annualized return of 10.81%, while JCCIX has yielded a comparatively lower 10.19% 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%

JCCIX

• 1D: 0.76%
• 1M: -2.69%
• 6M: 17.86%
• YTD: 23.12%
• 1Y: 31.84%
• 3Y*: 10.08%
• 5Y*: 5.51%
• 10Y*: 10.19%
• ALL TIME*: 9.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FRBAX John Hancock Regional Bank Fund	$0.00	$0.00	$0.00
JCCIX John Hancock Small Cap Core Fund	$0.00	$0.00	$0.00

FRBAX vs. JCCIX - 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%
JCCIX John Hancock Small Cap Core Fund	23.12%	-1.90%	10.62%	16.52%	-19.09%	24.10%	25.99%	26.79%	-18.28%	16.04%

Correlation

The correlation between FRBAX and JCCIX is 0.60, 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.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Dec 23, 2013	0.74

The correlation between FRBAX and JCCIX shifts across timeframes, from 0.60 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FRBAX vs. JCCIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FRBAX

FRBAX Risk / Return Rank: 57
FRBAX Sharpe Ratio Rank: 60
FRBAX Sortino Ratio Rank: 58
FRBAX Omega Ratio Rank: 59
FRBAX Calmar Ratio Rank: 66
FRBAX Martin Ratio Rank: 41

JCCIX

JCCIX Risk / Return Rank: 65
JCCIX Sharpe Ratio Rank: 60
JCCIX Sortino Ratio Rank: 62
JCCIX Omega Ratio Rank: 54
JCCIX Calmar Ratio Rank: 80
JCCIX Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FRBAX vs. JCCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Regional Bank Fund (FRBAX) and John Hancock Small Cap Core Fund (JCCIX). 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	JCCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.45	+0.01
Sortino ratio: Return per unit of downside risk	2.08	2.13	-0.05
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	2.18	2.63	-0.45
Martin ratio: Return relative to average drawdown	5.91	8.40	-2.48

FRBAX vs. JCCIX - Sharpe Ratio Comparison

The current FRBAX Sharpe Ratio is 1.46, which is comparable to the JCCIX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FRBAX and JCCIX, 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

FRBAX vs. JCCIX - Drawdown Comparison

The maximum FRBAX drawdown since its inception was -67.55%, which is greater than JCCIX's maximum drawdown of -38.69%. Use the drawdown chart below to compare losses from any high point for FRBAX and JCCIX.

Drawdown Indicators

	FRBAX	JCCIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-38.69%	-28.86%
Max Drawdown (1Y) Largest decline over 1 year	-14.22%	-10.42%	-3.80%
Max Drawdown (3Y) Largest decline over 3 years	-25.26%	-27.47%	+2.21%
Max Drawdown (5Y) Largest decline over 5 years	-46.15%	-27.47%	-18.68%
Max Drawdown (10Y) Largest decline over 10 years	-52.24%	-38.69%	-13.55%
Current Drawdown Current decline from peak	-2.28%	-4.29%	+2.01%
Average Drawdown Average peak-to-trough decline	-12.24%	-7.53%	-4.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.25%	3.29%	+1.96%

Volatility

FRBAX vs. JCCIX - Volatility Comparison

John Hancock Regional Bank Fund (FRBAX) has a higher volatility of 5.71% compared to John Hancock Small Cap Core Fund (JCCIX) at 3.97%. This indicates that FRBAX's price experiences larger fluctuations and is considered to be riskier than JCCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRBAX	JCCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	3.97%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	14.39%	13.37%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	21.25%	18.91%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.31%	21.64%	+4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.25%	21.49%	+7.76%

FRBAX vs. JCCIX - Expense Ratio Comparison

FRBAX has a 1.22% expense ratio, which is higher than JCCIX's 0.98% expense ratio.

Dividends

FRBAX vs. JCCIX - Dividend Comparison

FRBAX's dividend yield for the trailing twelve months is around 7.14%, more than JCCIX's 3.68% 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%
JCCIX John Hancock Small Cap Core Fund	3.68%	4.53%	0.96%	0.83%	0.99%	12.20%	1.43%	0.00%	5.55%	11.90%	0.73%	1.07%

Frequently Asked Questions

Can I hold both FRBAX and JCCIX in my portfolio?

FRBAX and JCCIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRBAX or JCCIX?

FRBAX has higher volatility (5.71%) compared to JCCIX (3.97%). In terms of maximum drawdown, FRBAX dropped -67.55% vs JCCIX's -38.69%.

Which has better risk-adjusted returns?

FRBAX currently has the higher Sharpe Ratio (1.46 vs 1.45), 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.