Yes there is!  As far as less facial hair, some east Asians, as well as indigenous Americans have that trait.  And Ainu, South Asian and European races have more.
Interesting, what about hair loss or fine hair? Think it indicates something else?
Do you know it is believed that people with beards are extremely smart. That's interesting.  Apparently, only adult or pubescent males can grow beards. Hmm okay.  Is there any variation when it comes to facial hair, amongst different races?
The evolutionary loss of hair is pronounced in some populations such as indigenous Americans and some east Asian populations, who have less facial hair, whereas people of European or South Asian ancestry and the Ainu have more facial hair.