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

ETF · Currency in CAD · Last updated Jun 26, 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%107.60MFeb 2019FBAL.NEO vs ZCON.TO
TGRO.TO
TD Growth ETF Portfolio0.17%—Aug 2020FBAL.NEO vs TGRO.TO
ZGRO.TO
BMO Growth ETF0.18%767.07MFeb 2019FBAL.NEO vs ZGRO.TO
ZMI.TO
BMO Monthly Income ETF0.18%236.88MJan 2011FBAL.NEO vs ZMI.TO
ZESG.TO
BMO Balanced ESG ETF0.18%105.18MJan 2020FBAL.NEO vs ZESG.TO

Best Risk-Adjusted Alternatives to FBAL.NEO

FBAL.NEO has a PortfoliosLab risk / return rank of 72. There are 13 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 93.

SymbolNameRisk / Return RankAUMInception
GRO.TO
Franklin Growth ETF Portfolio
93
—Feb 2019FBAL.NEO vs GRO.TO
CEQT.TO
CI Equity Asset Allocation ETF
91
—May 2023FBAL.NEO vs CEQT.TO
VGRO.TO
Vanguard Growth ETF Portfolio
85
10.14BJan 2018FBAL.NEO vs VGRO.TO
MGRW.TO
Mackenzie Growth Allocation ETF
84
—Sep 2020FBAL.NEO vs MGRW.TO
TGRO.TO
TD Growth ETF Portfolio
83
—Aug 2020FBAL.NEO vs TGRO.TO

Top Performing FBAL.NEO Alternatives (YTD)

FBAL.NEO is at 7.72% YTD. There are 17 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.61%.

SymbolNameYTD ReturnAUMInception
GGRO.TO
iShares ESG Growth ETF Portfolio
13.61%
261.72MSep 2020FBAL.NEO vs GGRO.TO
CEQT.TO
CI Equity Asset Allocation ETF
13.25%
—May 2023FBAL.NEO vs CEQT.TO
FEQT.NEO
Fidelity All-in-One Equity ETF Fund
11.50%
—Jan 2022FBAL.NEO vs FEQT.NEO
ZGRO.TO
BMO Growth ETF
10.99%
767.07MFeb 2019FBAL.NEO vs ZGRO.TO
VGRO.TO
Vanguard Growth ETF Portfolio
10.90%
10.14BJan 2018FBAL.NEO vs VGRO.TO

Lowest Volatility Alternatives to FBAL.NEO

FBAL.NEO has 8.15% 1-year volatility. There are 10 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.00%.

SymbolNameVolatility 1YAUMInception
CSBG.NEO
CIBC Sustainable Balanced Growth Solution ETF0.00%—Jun 2021FBAL.NEO vs CSBG.NEO
PYF.TO
Purpose Premium Yield Fund Series ETF3.22%693.10MNov 2018FBAL.NEO vs PYF.TO
VCIP.TO
Vanguard Conservative Income ETF Portfolio4.78%254.60MJan 2019FBAL.NEO vs VCIP.TO
XINC.TO
iShares Core Income Balanced ETF Portfolio4.95%124.55MAug 2019FBAL.NEO vs XINC.TO
VRIF.TO
Vanguard Retirement Income ETF Portfolio5.56%357.83MSep 2020FBAL.NEO vs VRIF.TO

Lowest Drawdown Alternatives to FBAL.NEO

FBAL.NEO has a 1-year max drawdown of -6.17%. There are 15 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%
693.10MNov 2018FBAL.NEO vs PYF.TO
XINC.TO
iShares Core Income Balanced ETF Portfolio
-3.65%
124.55MAug 2019FBAL.NEO vs XINC.TO
VCIP.TO
Vanguard Conservative Income ETF Portfolio
-3.80%
254.60MJan 2019FBAL.NEO vs VCIP.TO
XTR.TO
iShares Diversified Monthly Income ETF
-3.84%
378.56MDec 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 ETFTechnology Equities
89
39.09%
—May 2023FBAL.NEO vs FINN.NEO
FCCM.NEO
Fidelity Canadian Momentum Index ETFMomentum, Canada Equities
82
9.77%
—Jun 2020FBAL.NEO vs FCCM.NEO
FBTC.TO
Fidelity Advantage Bitcoin ETFCryptocurrency
2
-30.05%
1.39BNov 2021FBAL.NEO vs FBTC.TO
FCUV.TO
Fidelity U.S. Value ETFLarge Cap Value Equities
86
15.76%
3.49BJun 2020FBAL.NEO vs FCUV.TO
FGRO.NEO
Fidelity All-in-One Growth ETFDiversified Portfolio
75
9.86%
4.70BJan 2021FBAL.NEO vs FGRO.NEO
FCIM.NEO
Fidelity International Momentum Index ETFMomentum, International Equity
80
24.08%
—Jun 2020FBAL.NEO vs FCIM.NEO
FCMO.NEO
Fidelity US Momentum ETFMomentum, Large Cap Growth Equities
67
22.59%
—Jun 2020FBAL.NEO vs FCMO.NEO
FCIV.TO
Fidelity International Value ETFForeign Large Cap Equities
81
15.13%
2.19BJun 2025FBAL.NEO vs FCIV.TO
FCCQ.TO
Fidelity Canadian High Quality ETFCanada Equities
71
6.07%
967.80MJan 2019FBAL.NEO vs FCCQ.TO
FCID.TO
Fidelity International High Dividend ETFDividend
71
10.07%
347.00MSep 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
75
8.54%
5.44BJan 2018FBAL.NEO vs VBAL.TO
XBAL.TO
iShares Core Balanced ETF PortfolioDiversified Portfolio
68
8.45%
3.32BJun 2007FBAL.NEO vs XBAL.TO
AMBFX
American Funds American Balanced Fund® Class F-2Diversified Portfolio
79
8.64%
—Aug 2008FBAL.NEO vs AMBFX
FBALX
Fidelity Balanced FundDiversified Portfolio
81
8.80%
—Nov 1986FBAL.NEO vs FBALX
ZBAL.TO
BMO Balanced ETFGlobal Allocation
70
8.61%
621.59MJan 2022FBAL.NEO vs ZBAL.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
73
11.66%
532.64MFeb 2022FBAL.NEO vs HDIF.TO
XGRO.TO
iShares Core Growth ETF PortfolioDiversified Portfolio
76
10.69%
4.97BJun 2007FBAL.NEO vs XGRO.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
75
11.63%
32.85BNov 2012FBAL.NEO vs VFV.TO
HBAL.TO
Global X Balanced Asset Allocation ETFDiversified Portfolio
82
8.80%
182.80MAug 2018FBAL.NEO vs HBAL.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
86
13.14%
14.70BJan 2019FBAL.NEO vs VEQT.TO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
71
11.68%
65.40M—FBAL.NEO vs BMAX.TO
FGEP.TO
Fidelity Global Equity+ Fund ETFGlobal Equities
91
17.56%
—Oct 2023FBAL.NEO vs FGEP.TO
FCGI.TO
Fidelity Global Monthly High Income ETFGlobal Allocation
93
8.27%
40.70MJan 2020FBAL.NEO vs FCGI.TO
FCUQ.TO
Fidelity U.S. High Quality ETFLarge Cap Blend Equities
28
7.19%
2.40BJan 2019FBAL.NEO vs FCUQ.TO
TCON.TO
TD Conservative ETF PortfolioDiversified Portfolio
72
5.84%
—Aug 2020FBAL.NEO vs TCON.TO
FCCV.TO
Fidelity Canadian Value ETFCanada Equities
92
14.30%
1.15BJun 2020FBAL.NEO vs FCCV.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETFGlobal Bonds
29
1.77%
—May 2025FBAL.NEO vs FFIX.NEO
FCCD.TO
Fidelity Canadian High Dividend Index ETFDividend
96
14.43%
376.10MSep 2018FBAL.NEO vs FCCD.TO
CGNG
Capital Group New Geography Equity ETFEmerging Markets Diversified
52
15.31%
2.59BJun 2024FBAL.NEO vs CGNG
MIX.TO
Hamilton Enhanced Mixed Asset ETFDiversified Portfolio
50
4.35%
—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