FRBAX vs. SFPAX
FRBAX (John Hancock Regional Bank Fund) and SFPAX (Saratoga Financial Service Fund) are both Financials Equities funds. Over the past 10 years, FRBAX returned 10.81%/yr vs 9.04%/yr for SFPAX. Their correlation of 0.88 means they have usually moved in the same direction. FRBAX charges 1.22%/yr vs 3.81%/yr for SFPAX.
Performance
FRBAX vs. SFPAX - Performance Comparison
Loading charts...
Returns By Period
Over the past 10 years, FRBAX has outperformed SFPAX with an annualized return of 10.81%, while SFPAX has yielded a comparatively lower 9.04% 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%
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 2.51%
- 3Y*
- 15.10%
- 5Y*
- 6.22%
- 10Y*
- 9.04%
- ALL TIME*
- 3.28%
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. SFPAX - 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% |
SFPAX Saratoga Financial Service Fund | 0.00% | 7.00% | 26.05% | 10.58% | -14.36% | 31.17% | -5.81% | 29.63% | -19.23% | 19.28% |
Correlation
The correlation between FRBAX and SFPAX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.88 |
Over the past year, the correlation between FRBAX and SFPAX has dropped to 0.41 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FRBAX vs. SFPAX — Risk / Return Rank
FRBAX
SFPAX
FRBAX vs. SFPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for John Hancock Regional Bank Fund (FRBAX) and Saratoga Financial Service Fund (SFPAX). 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 | SFPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.98 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.21 | +2.39 |
| Martin ratioReturn relative to average drawdown | 5.91 | -0.42 | +6.33 |
Loading charts...
Drawdowns
FRBAX vs. SFPAX - Drawdown Comparison
The maximum FRBAX drawdown since its inception was -67.55%, smaller than the maximum SFPAX drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for FRBAX and SFPAX.
Loading charts...
Drawdown Indicators
| FRBAX | SFPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -71.98% | +4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -4.86% | -9.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -17.92% | -7.34% |
Max Drawdown (5Y)Largest decline over 5 years | -46.15% | -27.51% | -18.64% |
Max Drawdown (10Y)Largest decline over 10 years | -52.24% | -45.64% | -6.60% |
Current DrawdownCurrent decline from peak | -2.28% | -2.65% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -12.24% | -20.91% | +8.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 2.32% | +2.93% |
Volatility
FRBAX vs. SFPAX - Volatility Comparison
John Hancock Regional Bank Fund (FRBAX) has a higher volatility of 5.71% compared to Saratoga Financial Service Fund (SFPAX) at 0.00%. This indicates that FRBAX's price experiences larger fluctuations and is considered to be riskier than SFPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRBAX | SFPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 0.00% | +5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 1.96% | +12.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.25% | 9.20% | +12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.31% | 18.73% | +7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.25% | 22.51% | +6.74% |
FRBAX vs. SFPAX - Expense Ratio Comparison
FRBAX has a 1.22% expense ratio, which is lower than SFPAX's 3.81% expense ratio.
Dividends
FRBAX vs. SFPAX - Dividend Comparison
FRBAX's dividend yield for the trailing twelve months is around 7.14%, while SFPAX has not paid dividends to shareholders.
| 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% |
SFPAX Saratoga Financial Service Fund | 0.00% | 0.00% | 5.91% | 5.05% | 5.71% | 5.03% | 4.18% | 7.10% | 22.58% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRBAX and SFPAX have a correlation of 0.41, 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 SFPAX (0.00%). In terms of maximum drawdown, FRBAX dropped -67.55% vs SFPAX's -71.98%.
FRBAX currently has the higher Sharpe Ratio (1.46 vs -0.11), 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.
Find the right allocation for FRBAX and SFPAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer