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Fidelity All-in-One Balanced ETF (FBAL.NEO) Alternatives

ETF · Currency in CAD · Last updated Jul 16, 2026

A global multi-asset ETF with a neutral mix of approximately 59% equity factors and active equity, 39% systematic and active fixed income, and 2% cryptocurrencies, offering diversified exposure across regions, market caps, and investment styles/factors.

Fidelity All-in-One Balanced ETF (FBAL.NEO) belongs to the Diversified Portfolio category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FBAL.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FBAL.NEO

FBAL.NEO charges 0.40% annually. There are 21 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.15%.

SymbolNameExpense RatioAUMInception
ZCON.TO
BMO Conservative ETF0.15%108.41MFeb 2019FBAL.NEO vs ZCON.TO
TGRO.TO
TD Growth ETF Portfolio0.17%—Aug 2020FBAL.NEO vs TGRO.TO
ZMI.TO
BMO Monthly Income ETF0.18%245.54MJan 2011FBAL.NEO vs ZMI.TO
ZESG.TO
BMO Balanced ESG ETF0.18%105.35MJan 2020FBAL.NEO vs ZESG.TO
ZGRO.TO
BMO Growth ETF0.18%778.93MFeb 2019FBAL.NEO vs ZGRO.TO

Best Risk-Adjusted Alternatives to FBAL.NEO

FBAL.NEO has a PortfoliosLab risk / return rank of 78. There are 12 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 94.

SymbolNameRisk / Return RankAUMInception
GRO.TO
Franklin Growth ETF Portfolio
94
—Feb 2019FBAL.NEO vs GRO.TO
CEQT.TO
CI Equity Asset Allocation ETF
92
—May 2023FBAL.NEO vs CEQT.TO
MGRW.TO
Mackenzie Growth Allocation ETF
87
—Sep 2020FBAL.NEO vs MGRW.TO
VGRO.TO
Vanguard Growth ETF Portfolio
87
10.51BJan 2018FBAL.NEO vs VGRO.TO
TGRO.TO
TD Growth ETF Portfolio
87
—Aug 2020FBAL.NEO vs TGRO.TO

Top Performing FBAL.NEO Alternatives (YTD)

FBAL.NEO is at 8.35% YTD. There are 15 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.87%.

SymbolNameYTD ReturnAUMInception
CEQT.TO
CI Equity Asset Allocation ETF
13.87%
—May 2023FBAL.NEO vs CEQT.TO
GGRO.TO
iShares ESG Growth ETF Portfolio
13.25%
266.53MSep 2020FBAL.NEO vs GGRO.TO
FEQT.NEO
Fidelity All-in-One Equity ETF Fund
12.75%
—Jan 2022FBAL.NEO vs FEQT.NEO
VGRO.TO
Vanguard Growth ETF Portfolio
11.62%
10.51BJan 2018FBAL.NEO vs VGRO.TO
TGRO.TO
TD Growth ETF Portfolio
11.56%
—Aug 2020FBAL.NEO vs TGRO.TO

Lowest Volatility Alternatives to FBAL.NEO

FBAL.NEO has 8.35% 1-year volatility. There are 10 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.49%.

SymbolNameVolatility 1YAUMInception
CSBG.NEO
CIBC Sustainable Balanced Growth Solution ETF0.49%—Jun 2021FBAL.NEO vs CSBG.NEO
PYF.TO
Purpose Premium Yield Fund Series ETF3.20%685.40MNov 2018FBAL.NEO vs PYF.TO
VCIP.TO
Vanguard Conservative Income ETF Portfolio4.79%257.87MJan 2019FBAL.NEO vs VCIP.TO
XINC.TO
iShares Core Income Balanced ETF Portfolio4.99%127.03MAug 2019FBAL.NEO vs XINC.TO
VRIF.TO
Vanguard Retirement Income ETF Portfolio5.61%363.73MSep 2020FBAL.NEO vs VRIF.TO

Lowest Drawdown Alternatives to FBAL.NEO

FBAL.NEO has a 1-year max drawdown of -6.17%. There are 16 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as 0.00%.

SymbolNameMax Drawdown 1YAUMInception
CSBG.NEO
CIBC Sustainable Balanced Growth Solution ETF
0.00%
—Jun 2021FBAL.NEO vs CSBG.NEO
PYF.TO
Purpose Premium Yield Fund Series ETF
-2.11%
685.40MNov 2018FBAL.NEO vs PYF.TO
XINC.TO
iShares Core Income Balanced ETF Portfolio
-3.65%
127.03MAug 2019FBAL.NEO vs XINC.TO
VCIP.TO
Vanguard Conservative Income ETF Portfolio
-3.80%
257.87MJan 2019FBAL.NEO vs VCIP.TO
XTR.TO
iShares Diversified Monthly Income ETF
-3.84%
374.81MDec 2005FBAL.NEO vs XTR.TO

Other ETFs from Fidelity

The 10 most viewed Fidelity ETFs shown here include FINN.NEO, FCCM.NEO, FBTC.TO and span 10 categories. AUM among these funds goes as high as $5B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FINN.NEO
Fidelity Global Innovators ETFGlobal Equities
89
40.98%
—May 2023FBAL.NEO vs FINN.NEO
FCCM.NEO
Fidelity Canadian Momentum Index ETFMomentum, Canada Equities
87
11.38%
—Jun 2020FBAL.NEO vs FCCM.NEO
FBTC.TO
Fidelity Advantage Bitcoin ETFCryptocurrency
2
-24.22%
1.20BNov 2021FBAL.NEO vs FBTC.TO
FCUV.TO
Fidelity U.S. Value ETFLarge Cap Value Equities
90
17.80%
3.82BJun 2020FBAL.NEO vs FCUV.TO
FGRO.NEO
Fidelity All-in-One Growth ETFDiversified Portfolio
79
10.79%
4.95BJan 2021FBAL.NEO vs FGRO.NEO
FCIM.NEO
Fidelity International Momentum Index ETFMomentum, International Equity
78
20.84%
—Jun 2020FBAL.NEO vs FCIM.NEO
FCMO.NEO
Fidelity US Momentum ETFMomentum, Large Cap Growth Equities
58
20.14%
—Jun 2020FBAL.NEO vs FCMO.NEO
FCIV.TO
Fidelity International Value ETFForeign Large Cap Equities
88
18.43%
2.31BJun 2025FBAL.NEO vs FCIV.TO
FCCQ.TO
Fidelity Canadian High Quality ETFCanada Equities
73
6.98%
993.50MJan 2019FBAL.NEO vs FCCQ.TO
FCID.TO
Fidelity International High Dividend ETFDividend
83
14.03%
347.90MSep 2018FBAL.NEO vs FCID.TO

Often Compared With FBAL.NEO

Investors most often compare FBAL.NEO with VBAL.TO, XBAL.TO, AMBFX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
VBAL.TO
Vanguard Balanced ETF PortfolioDiversified Portfolio
78
8.73%
5.67BJan 2018FBAL.NEO vs VBAL.TO
XBAL.TO
iShares Core Balanced ETF PortfolioDiversified Portfolio
71
8.75%
3.36BJun 2007FBAL.NEO vs XBAL.TO
AMBFX
American Funds American Balanced Fund® Class F-2Diversified Portfolio
79
8.83%
—Aug 2008FBAL.NEO vs AMBFX
FBALX
Fidelity Balanced FundDiversified Portfolio
85
10.47%
—Nov 1986FBAL.NEO vs FBALX
ZBAL.TO
BMO Balanced ETFGlobal Allocation
71
8.66%
639.52MJan 2022FBAL.NEO vs ZBAL.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
74
13.08%
555.21MFeb 2022FBAL.NEO vs HDIF.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
78
11.53%
5.03BJun 2007FBAL.NEO vs XGRO.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
79
13.67%
34.09BNov 2012FBAL.NEO vs VFV.TO
HBAL.TO
Global X Balanced Asset Allocation ETFDiversified Portfolio
83
8.71%
183.77MAug 2018FBAL.NEO vs HBAL.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
88
14.15%
15.67BJan 2019FBAL.NEO vs VEQT.TO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
69
11.20%
65.40M—FBAL.NEO vs BMAX.TO
FGEP.TO
Fidelity Global Equity+ Fund ETFGlobal Equities
91
19.03%
—Oct 2023FBAL.NEO vs FGEP.TO
FCGI.TO
Fidelity Global Monthly High Income ETFGlobal Allocation
93
9.21%
22.80MJan 2020FBAL.NEO vs FCGI.TO
FCUQ.TO
Fidelity U.S. High Quality ETFLarge Cap Blend Equities
31
9.40%
2.53BJan 2019FBAL.NEO vs FCUQ.TO
TCON.TO
TD Conservative ETF PortfolioDiversified Portfolio
78
5.93%
—Aug 2020FBAL.NEO vs TCON.TO
FCCV.TO
Fidelity Canadian Value ETFCanada Equities
94
16.11%
1.19BJun 2020FBAL.NEO vs FCCV.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETFGlobal Bonds
36
1.12%
—May 2025FBAL.NEO vs FFIX.NEO
CGNG
Capital Group New Geography Equity ETFEmerging Markets Diversified
46
13.12%
2.65BJun 2024FBAL.NEO vs CGNG
FCCD.TO
Fidelity Canadian High Dividend Index ETFDividend
96
16.19%
378.40MSep 2018FBAL.NEO vs FCCD.TO
MIX.TO
Hamilton Enhanced Mixed Asset ETFDiversified Portfolio
54
5.73%
—Apr 2025FBAL.NEO vs MIX.TO

Compare FBAL.NEO with Any Fund or Stock

Compare FBAL.NEO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair FBAL.NEO with funds that move differently

Fidelity All-in-One Balanced ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FBAL.NEO.

Explore FBAL.NEO Diversifiers