FRBAX vs. QQQ

Last updated Jun 24, 2026

FRBAX (John Hancock Regional Bank Fund) and QQQ (Invesco QQQ ETF) are both funds - FRBAX is a Financials Equities fund managed by John Hancock, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, FRBAX returned 10.85%/yr vs 22.07%/yr for QQQ. A 0.52 correlation means they provide meaningful diversification when combined. FRBAX charges 1.22%/yr vs 0.18%/yr for QQQ.

Performance

FRBAX vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, FRBAX achieves a 12.63% return, which is significantly lower than QQQ's 16.45% return. Over the past 10 years, FRBAX has underperformed QQQ with an annualized return of 10.85%, while QQQ has yielded a comparatively higher 22.07% annualized return.

FRBAX

• 1D: 0.77%
• 1M: 4.97%
• YTD: 12.63%
• 6M: 9.88%
• 1Y: 28.70%
• 3Y*: 26.25%
• 5Y*: 7.70%
• 10Y*: 10.85%

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

FRBAX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRBAX John Hancock Regional Bank Fund	12.63%	11.07%	22.54%	-1.93%	-12.25%	40.51%	-10.11%	27.60%	-17.61%	10.32%
QQQ Invesco QQQ ETF	16.45%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between FRBAX and QQQ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999	0.52

Over the past year, the correlation between FRBAX and QQQ has dropped to 0.27 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

FRBAX vs. QQQ — Risk / Return Rank

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

FRBAX

FRBAX Risk / Return Rank: 32
FRBAX Sharpe Ratio Rank: 31
FRBAX Sortino Ratio Rank: 30
FRBAX Omega Ratio Rank: 31
FRBAX Calmar Ratio Rank: 39
FRBAX Martin Ratio Rank: 27

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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.

FRBAX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Regional Bank Fund (FRBAX) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.95	-0.46
Sortino ratio: Return per unit of downside risk	2.11	2.57	-0.46
Omega ratio: Gain probability vs. loss probability	1.27	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.25	2.93	-0.68
Martin ratio: Return relative to average drawdown	5.97	10.86	-4.90

FRBAX vs. QQQ - Sharpe Ratio Comparison

The current FRBAX Sharpe Ratio is 1.49, which is comparable to the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FRBAX and QQQ, 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. QQQ - Drawdown Comparison

The maximum FRBAX drawdown since its inception was -67.55%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for FRBAX and QQQ.

Drawdown Indicators

	FRBAX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-82.97%	+15.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.22%	-11.96%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	-25.26%	-22.77%	-2.49%
Max Drawdown (5Y) Largest decline over 5 years	-46.15%	-35.12%	-11.03%
Max Drawdown (10Y) Largest decline over 10 years	-52.24%	-35.12%	-17.12%
Current Drawdown Current decline from peak	-1.21%	-4.25%	+3.04%
Average Drawdown Average peak-to-trough decline	-12.27%	-32.73%	+20.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	3.22%	+2.13%

Volatility

FRBAX vs. QQQ - Volatility Comparison

The current volatility for John Hancock Regional Bank Fund (FRBAX) is 5.89%, while Invesco QQQ ETF (QQQ) has a volatility of 9.17%. This indicates that FRBAX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRBAX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	9.17%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	14.83%	14.57%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	21.51%	17.96%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.45%	22.69%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.33%	22.42%	+6.91%

FRBAX vs. QQQ - Expense Ratio Comparison

FRBAX has a 1.22% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

FRBAX vs. QQQ - Dividend Comparison

FRBAX's dividend yield for the trailing twelve months is around 7.41%, more than QQQ's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRBAX John Hancock Regional Bank Fund	7.41%	8.82%	9.72%	2.65%	5.83%	5.26%	2.43%	1.75%	1.92%	1.76%	2.94%	4.42%
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both FRBAX and QQQ in my portfolio?

FRBAX and QQQ have a correlation of 0.27, 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 QQQ?

QQQ has higher volatility (9.17%) compared to FRBAX (5.89%). In terms of maximum drawdown, FRBAX dropped -67.55% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.95 vs 1.49), 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.