FRBAX vs. QQQ
Compare and contrast key facts about John Hancock Regional Bank Fund (FRBAX) and Invesco QQQ (QQQ).
FRBAX is managed by John Hancock. It was launched on Jan 3, 1992. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FRBAX or QQQ.
Correlation
The correlation between FRBAX and QQQ is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FRBAX vs. QQQ - Performance Comparison
Key characteristics
FRBAX:
0.92
QQQ:
1.30
FRBAX:
1.53
QQQ:
1.78
FRBAX:
1.19
QQQ:
1.24
FRBAX:
0.74
QQQ:
1.76
FRBAX:
3.44
QQQ:
6.08
FRBAX:
7.07%
QQQ:
3.92%
FRBAX:
26.54%
QQQ:
18.35%
FRBAX:
-80.37%
QQQ:
-82.98%
FRBAX:
-15.29%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, FRBAX achieves a 1.37% return, which is significantly lower than QQQ's 2.90% return. Over the past 10 years, FRBAX has underperformed QQQ with an annualized return of 6.27%, while QQQ has yielded a comparatively higher 18.06% annualized return.
FRBAX
1.37%
-1.03%
0.81%
25.22%
3.82%
6.27%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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FRBAX vs. QQQ - Expense Ratio Comparison
FRBAX has a 1.22% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FRBAX vs. QQQ — Risk-Adjusted Performance Rank
FRBAX
QQQ
FRBAX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Regional Bank Fund (FRBAX) and Invesco QQQ (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.
Dividends
FRBAX vs. QQQ - Dividend Comparison
FRBAX's dividend yield for the trailing twelve months is around 1.85%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRBAX John Hancock Regional Bank Fund | 1.85% | 1.88% | 2.30% | 1.69% | 1.24% | 2.12% | 1.50% | 1.09% | 0.57% | 0.62% | 0.59% | 0.49% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FRBAX vs. QQQ - Drawdown Comparison
The maximum FRBAX drawdown since its inception was -80.37%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FRBAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FRBAX vs. QQQ - Volatility Comparison
John Hancock Regional Bank Fund (FRBAX) has a higher volatility of 5.34% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that FRBAX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.