BTO vs MSSM

Comparison between John Hancock Financial Opportunities Fund (BTO, ETF) and MORGAN STANLEY PATHWAY SMALL-MID CAP EQUITY ETF (MSSM, ETF).

BTO vs MSSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTO(ETF)	MSSM(ETF)
Net Assets	$758M	$756M
Expense Ratio	N/A	0.62%
Max Drawdown	82.09%	24.18%
Sharpe Ratio	0.77	1.59
5Y Beta	0.88	1.05
P/E Ratio	N/A	79.97
Forward P/E	N/A	14.81
5Y Dividends CAGR	8.12%	N/A
5Y EPS CAGR	N/A	14.18%
Debt to Equity	N/A	57.40%
P/S Ratio	N/A	1.27
P/B Ratio	N/A	2.39

Net Assets

Winner

BTO

$758M

MSSM

$756M

Expense Ratio

BTO

N/A

MSSM

0.62%

Max Drawdown

BTO

82.09%

Winner

MSSM

24.18%

Sharpe Ratio

BTO

0.77

Winner

MSSM

1.59

5Y Beta

Winner

BTO

0.88

MSSM

1.05

P/E Ratio

BTO

N/A

MSSM

79.97

Forward P/E

BTO

N/A

MSSM

14.81

5Y Dividends CAGR

BTO

8.12%

MSSM

N/A

5Y EPS CAGR

BTO

N/A

MSSM

14.18%

Debt to Equity

BTO

N/A

MSSM

57.40%

P/S Ratio

BTO

N/A

MSSM

1.27

P/B Ratio

BTO

N/A

MSSM

2.39

BTO vs MSSM - Historical Returns

Returns include dividend reinvestment.

Period	BTO	MSSM
1 month	+5.64%	+3.89%
3 months	+16.10%	+17.47%
6 months	+9.84%	+17.15%
1 year	+18.79%	+35.68%
5 years(CAGR)	+6.90%	N/A
10 years(CAGR)	+11.46%	N/A
Max(CAGR)	+8.82%	+15.77%

Winner

BTO

+5.64%

MSSM

+3.89%

BTO

+16.10%

Winner

MSSM

+17.47%

BTO

+9.84%

Winner

MSSM

+17.15%

BTO

+18.79%

Winner

MSSM

+35.68%

5Y(CAGR)

BTO

+6.90%

MSSM

N/A

10Y(CAGR)

BTO

+11.46%

MSSM

N/A

Max(CAGR)

BTO

+8.82%

Winner

MSSM

+15.77%

BTO vs MSSM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BTO	MSSM
2026	+11.40%	+17.36%
2025	+6.98%	+11.21%
2024	+27.67%	-5.83%
2023	-2.85%	N/A
2022	-21.25%	N/A
2021	+67.15%	N/A
2020	-9.84%	N/A
2019	+33.57%	N/A
2018	-24.57%	N/A
2017	+13.25%	N/A
2016	+40.90%	N/A
2015	+25.19%	N/A
2014	+5.81%	N/A
2013	+38.22%	N/A
2012	+32.90%	N/A
2011	-16.80%	N/A
2010	+27.86%	N/A
2009	+6.07%	N/A
2008	-34.82%	N/A
2007	-23.16%	N/A
2006	+19.05%	N/A
2005	-1.85%	N/A
2004	+17.15%	N/A
2003	+45.14%	N/A
2002	+4.70%	N/A
2001	+6.80%	N/A
2000	+21.50%	N/A
1999	-8.76%	N/A

BTO vs MSSM Drawdown Comparison

The maximum drawdown for BTO was -72.25%, occurring on Mar 6, 2009. Recovery took 1571 trading sessions.

The maximum drawdown for MSSM was -24.18%, occurring on Apr 8, 2025. Recovery took 175 trading sessions.

The current BTO drawdown is -1.05%.

Rank	BTO	MSSM
#1	-72.25% Feb 14, 2007 - May 13, 2013	-24.18% Dec 9, 2024 - Aug 22, 2025
#2	-65.61% Jan 2, 2020 - Jan 14, 2021	-9.50% Feb 10, 2026 - Apr 14, 2026
#3	-51.73% Jan 13, 2022 - Feb 2, 2026	-7.11% Oct 27, 2025 - Dec 4, 2025
#4	-36.21% Nov 16, 1999 - Dec 28, 2000	-4.35% May 6, 2026 - May 26, 2026
#5	-32.87% Mar 12, 2018 - Jan 2, 2020	-3.84% Oct 6, 2025 - Oct 24, 2025
#6	-30.89% Dec 4, 2015 - Aug 17, 2016	-3.71% Dec 11, 2025 - Jan 6, 2026
#7	-22.13% May 17, 2002 - May 29, 2003	-3.26% Jan 22, 2026 - Feb 9, 2026
#8	-21.62% Jan 3, 2001 - Dec 26, 2001	-3.16% Jun 4, 2026 - Jun 12, 2026
#9	-18.03% Jun 8, 2021 - Aug 25, 2021	-2.47% Sep 18, 2025 - Oct 3, 2025
#10	-17.22% Mar 5, 2004 - Oct 6, 2004	-2.28% Apr 20, 2026 - Apr 30, 2026
#11	-16.51% Jul 23, 2015 - Nov 11, 2015	-1.63% Jan 15, 2026 - Jan 21, 2026
#12	-15.21% Feb 6, 2026 - Mar 13, 2026	-1.52% Aug 28, 2025 - Sep 5, 2025
#13	-15.12% Jul 3, 2017 - Sep 29, 2017	-1.04% Sep 11, 2025 - Sep 18, 2025
#14	-13.88% Jul 26, 2013 - Dec 24, 2013	-0.79% Jun 2, 2026 - Jun 4, 2026
#15	-11.96% May 15, 2013 - Jul 5, 2013	-0.78% May 28, 2026 - Jun 2, 2026

Correlation

Correlation between BTO and MSSM is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2000 - 2026)

BTO vs MSSM dividend yield comparison.

Year	BTO	MSSM
2026	3.43%	0.00%
2025	7.41%	3.15%
2024	7.28%	0.00%
2023	8.64%	0.00%
2022	7.51%	0.00%
2021	4.72%	0.00%
2020	7.25%	0.00%
2019	6.06%	0.00%
2018	5.94%	0.00%
2017	3.76%	0.00%
2016	5.10%	0.00%
2015	4.75%	0.00%
2014	5.03%	0.00%
2013	5.03%	0.00%
2012	5.91%	0.00%
2011	6.51%	0.00%
2010	5.28%	0.00%
2009	4.06%	0.00%
2008	20.16%	0.00%
2007	28.59%	0.00%
2006	10.61%	0.00%
2005	12.34%	0.00%
2004	10.01%	0.00%
2003	6.13%	0.00%
2002	11.40%	0.00%
2001	14.74%	0.00%
2000	8.73%	0.00%