SFPAX vs. FRBAX
Compare and contrast key facts about Saratoga Financial Service Fund (SFPAX) and John Hancock Regional Bank Fund (FRBAX).
SFPAX is managed by BlackRock. It was launched on Aug 1, 2000. FRBAX is managed by John Hancock. It was launched on Jan 3, 1992.
Performance
SFPAX vs. FRBAX - Performance Comparison
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SFPAX vs. FRBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FRBAX John Hancock Regional Bank Fund | -1.16% | 11.07% | 22.54% | -1.93% | -12.25% | 40.51% | -10.11% | 27.60% | -17.61% | 10.32% |
Returns By Period
Both investments have delivered pretty close results over the past 10 years, with SFPAX having a 9.11% annualized return and FRBAX not far ahead at 9.54%.
SFPAX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -1.78%
- 1Y
- 7.00%
- 3Y*
- 16.47%
- 5Y*
- 7.56%
- 10Y*
- 9.11%
FRBAX
- 1D
- 0.67%
- 1M
- -3.51%
- YTD
- -1.16%
- 6M
- 3.72%
- 1Y
- 16.32%
- 3Y*
- 17.82%
- 5Y*
- 4.96%
- 10Y*
- 9.54%
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SFPAX vs. FRBAX - Expense Ratio Comparison
SFPAX has a 3.81% expense ratio, which is higher than FRBAX's 1.22% expense ratio.
Return for Risk
SFPAX vs. FRBAX — Risk / Return Rank
SFPAX
FRBAX
SFPAX vs. FRBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Financial Service Fund (SFPAX) 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.
| SFPAX | FRBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.67 | -0.18 |
Sortino ratioReturn per unit of downside risk | 0.76 | 1.04 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.02 | -0.47 |
Martin ratioReturn relative to average drawdown | 2.39 | 2.64 | -0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SFPAX | FRBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.67 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.19 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.33 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.39 | -0.26 |
Correlation
The correlation between SFPAX and FRBAX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SFPAX vs. FRBAX - Dividend Comparison
SFPAX has not paid dividends to shareholders, while FRBAX's dividend yield for the trailing twelve months is around 8.90%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FRBAX John Hancock Regional Bank Fund | 8.90% | 8.82% | 9.72% | 2.65% | 5.83% | 5.26% | 2.43% | 1.75% | 1.92% | 1.76% | 2.94% | 4.42% |
Drawdowns
SFPAX vs. FRBAX - Drawdown Comparison
The maximum SFPAX drawdown since its inception was -71.98%, which is greater than FRBAX's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for SFPAX and FRBAX.
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Drawdown Indicators
| SFPAX | FRBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.98% | -67.55% | -4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -14.22% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -27.51% | -46.15% | +18.64% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -52.24% | +6.60% |
Current DrawdownCurrent decline from peak | -2.65% | -12.05% | +9.40% |
Average DrawdownAverage peak-to-trough decline | -21.06% | -12.32% | -8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 5.51% | -2.36% |
Volatility
SFPAX vs. FRBAX - Volatility Comparison
The current volatility for Saratoga Financial Service Fund (SFPAX) is 0.00%, while John Hancock Regional Bank Fund (FRBAX) has a volatility of 4.65%. This indicates that SFPAX experiences smaller price fluctuations and is considered to be less risky 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
| SFPAX | FRBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.65% | -4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 16.26% | -9.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 25.52% | -7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 26.63% | -7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.67% | 29.30% | -6.63% |