HSFNX vs. FRBAX
HSFNX (Hennessy Small Cap Financial Fund) and FRBAX (John Hancock Regional Bank Fund) are both Financials Equities funds. Over the past 10 years, HSFNX returned 10.11%/yr vs 10.81%/yr for FRBAX. Their correlation of 0.88 means they have usually moved in the same direction. HSFNX charges 1.58%/yr vs 1.22%/yr for FRBAX.
Performance
HSFNX vs. FRBAX - Performance Comparison
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Returns By Period
In the year-to-date period, HSFNX achieves a 15.24% return, which is significantly lower than FRBAX's 19.26% return. Over the past 10 years, HSFNX has underperformed FRBAX with an annualized return of 10.11%, while FRBAX has yielded a comparatively higher 10.81% annualized return.
HSFNX
- 1D
- 0.29%
- 1M
- 0.00%
- 6M
- 8.89%
- YTD
- 15.24%
- 1Y
- 36.04%
- 3Y*
- 16.62%
- 5Y*
- 8.63%
- 10Y*
- 10.11%
- ALL TIME*
- 4.58%
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%
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 |
HSFNX vs. FRBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSFNX Hennessy Small Cap Financial Fund | 15.24% | 12.79% | 10.76% | 4.64% | -11.14% | 42.76% | 2.56% | 19.91% | -15.88% | -0.20% |
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% |
Correlation
The correlation between HSFNX and FRBAX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.88 |
The correlation between HSFNX and FRBAX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
HSFNX vs. FRBAX — Risk / Return Rank
HSFNX
FRBAX
HSFNX vs. FRBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Small Cap Financial Fund (HSFNX) and John Hancock Regional Bank Fund (FRBAX). 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.
| HSFNX | FRBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.18 | +0.18 |
| Martin ratioReturn relative to average drawdown | 6.31 | 5.91 | +0.40 |
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Drawdowns
HSFNX vs. FRBAX - Drawdown Comparison
The maximum HSFNX drawdown since its inception was -70.18%, roughly equal to the maximum FRBAX drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for HSFNX and FRBAX.
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Drawdown Indicators
| HSFNX | FRBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.18% | -67.55% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -14.22% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -27.33% | -25.26% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -43.00% | -46.15% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -50.68% | -52.24% | +1.56% |
Current DrawdownCurrent decline from peak | -2.95% | -2.28% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -25.88% | -12.24% | -13.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 5.25% | -0.17% |
Volatility
HSFNX vs. FRBAX - Volatility Comparison
Hennessy Small Cap Financial Fund (HSFNX) has a higher volatility of 6.18% compared to John Hancock Regional Bank Fund (FRBAX) at 5.71%. This indicates that HSFNX's price experiences larger fluctuations and is considered to be riskier than FRBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSFNX | FRBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 5.71% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.38% | 14.39% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.65% | 21.25% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.23% | 26.31% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.31% | 29.25% | +0.06% |
HSFNX vs. FRBAX - Expense Ratio Comparison
HSFNX has a 1.58% expense ratio, which is higher than FRBAX's 1.22% expense ratio.
Dividends
HSFNX vs. FRBAX - Dividend Comparison
HSFNX's dividend yield for the trailing twelve months is around 9.54%, more than FRBAX's 7.14% 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% |
HSFNX Hennessy Small Cap Financial Fund | 9.54% | 10.99% | 5.97% | 4.63% | 9.14% | 0.97% | 0.91% | 3.43% | 7.34% | 8.19% | 12.46% | 7.38% |
Frequently Asked Questions
With a correlation of 0.95, HSFNX and FRBAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HSFNX has higher volatility (6.18%) compared to FRBAX (5.71%). In terms of maximum drawdown, HSFNX dropped -70.18% vs FRBAX's -67.55%.
FRBAX currently has the higher Sharpe Ratio (1.46 vs 1.36), 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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