ICFSX vs. BTO

Last updated Aug 1, 2026

ICFSX (ICON Consumer Select Fund) and BTO (John Hancock Financial Opportunities Fund) are both Financials Equities funds. Over the past 10 years, ICFSX returned 11.47%/yr vs 11.85%/yr for BTO. Their 0.71 correlation means they have sometimes moved together and sometimes differently. ICFSX charges 1.32%/yr vs 2.01%/yr for BTO.

Performance

ICFSX vs. BTO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICON Consumer Select Fund (ICFSX) and John Hancock Financial Opportunities Fund (BTO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICFSX achieves a 4.33% return, which is significantly lower than BTO's 19.05% return. Both investments have delivered pretty close results over the past 10 years, with ICFSX having a 11.47% annualized return and BTO not far ahead at 11.85%.

ICFSX

• 1D: -0.52%
• 1M: 2.12%
• 6M: 5.24%
• YTD: 4.33%
• 1Y: 11.47%
• 3Y*: 15.55%
• 5Y*: 10.14%
• 10Y*: 11.47%
• ALL TIME*: 5.42%

BTO

• 1D: -1.01%
• 1M: 1.54%
• 6M: 11.28%
• YTD: 19.05%
• 1Y: 25.47%
• 3Y*: 18.96%
• 5Y*: 8.83%
• 10Y*: 11.85%
• ALL TIME*: 9.59%

*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)
BTO John Hancock Financial Opportunities Fund	$1.88M	$1.88M	$1.75M
ICFSX ICON Consumer Select Fund	$0.00	$0.00	$0.00

ICFSX vs. BTO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICFSX ICON Consumer Select Fund	4.33%	5.96%	35.19%	18.16%	-10.30%	22.79%	-7.47%	36.93%	-18.04%	20.03%
BTO John Hancock Financial Opportunities Fund	19.05%	5.85%	28.92%	-1.16%	-23.58%	61.86%	-8.97%	38.87%	-25.68%	13.12%

Correlation

The correlation between ICFSX and BTO is 0.63, 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.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Jul 3, 1997	0.71

The correlation between ICFSX and BTO shifts across timeframes, from 0.57 (5 years) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ICFSX vs. BTO — Risk / Return Rank

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

ICFSX

ICFSX Risk / Return Rank: 19
ICFSX Sharpe Ratio Rank: 20
ICFSX Sortino Ratio Rank: 22
ICFSX Omega Ratio Rank: 19
ICFSX Calmar Ratio Rank: 17
ICFSX Martin Ratio Rank: 16

BTO

BTO Risk / Return Rank: 34
BTO Sharpe Ratio Rank: 36
BTO Sortino Ratio Rank: 36
BTO Omega Ratio Rank: 36
BTO Calmar Ratio Rank: 36
BTO Martin Ratio Rank: 27

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.

ICFSX vs. BTO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICON Consumer Select Fund (ICFSX) and John Hancock Financial Opportunities Fund (BTO). 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.

	ICFSX	BTO	Difference
Sharpe ratio: Return per unit of total volatility	0.73	1.13	-0.40
Sortino ratio: Return per unit of downside risk	1.17	1.64	-0.47
Omega ratio: Gain probability vs. loss probability	1.13	1.21	-0.08
Calmar ratio: Return relative to maximum drawdown	0.83	1.54	-0.71
Martin ratio: Return relative to average drawdown	2.14	3.88	-1.74

ICFSX vs. BTO - Sharpe Ratio Comparison

The current ICFSX Sharpe Ratio is 0.73, which is lower than the BTO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of ICFSX and BTO, 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

ICFSX vs. BTO - Drawdown Comparison

The maximum ICFSX drawdown since its inception was -77.40%, which is greater than BTO's maximum drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for ICFSX and BTO.

Drawdown Indicators

	ICFSX	BTO	Difference
Max Drawdown Largest peak-to-trough decline	-77.40%	-72.27%	-5.13%
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	-15.26%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.61%	-25.19%	+4.58%
Max Drawdown (5Y) Largest decline over 5 years	-23.27%	-51.80%	+28.53%
Max Drawdown (10Y) Largest decline over 10 years	-48.50%	-65.70%	+17.20%
Current Drawdown Current decline from peak	-1.23%	-2.96%	+1.73%
Average Drawdown Average peak-to-trough decline	-21.26%	-18.91%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	6.03%	-1.14%

Volatility

ICFSX vs. BTO - Volatility Comparison

The current volatility for ICON Consumer Select Fund (ICFSX) is 4.60%, while John Hancock Financial Opportunities Fund (BTO) has a volatility of 5.39%. This indicates that ICFSX experiences smaller price fluctuations and is considered to be less risky than BTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICFSX	BTO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	5.39%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	10.90%	15.07%	-4.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	20.73%	-6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	30.79%	-10.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.61%	36.01%	-12.40%

ICFSX vs. BTO - Expense Ratio Comparison

ICFSX has a 1.32% expense ratio, which is lower than BTO's 2.01% expense ratio.

Dividends

ICFSX vs. BTO - Dividend Comparison

ICFSX's dividend yield for the trailing twelve months is around 10.78%, more than BTO's 6.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTO John Hancock Financial Opportunities Fund	6.45%	7.41%	7.28%	8.64%	7.51%	4.72%	7.25%	6.06%	5.94%	3.76%	5.10%	4.75%
ICFSX ICON Consumer Select Fund	10.78%	11.25%	34.59%	7.32%	17.71%	10.98%	0.00%	1.94%	0.75%	0.21%	0.97%	0.59%

Frequently Asked Questions

Can I hold both ICFSX and BTO in my portfolio?

ICFSX and BTO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ICFSX or BTO?

BTO has higher volatility (5.39%) compared to ICFSX (4.60%). In terms of maximum drawdown, ICFSX dropped -77.40% vs BTO's -72.27%.

Which has better risk-adjusted returns?

BTO currently has the higher Sharpe Ratio (1.13 vs 0.73), 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.