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

ETF · Currency in CAD · Last updated Jun 5, 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 20 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.15%.

SymbolNameExpense RatioAUMInception
ZCON.TO
BMO Conservative ETF0.15%101.45MFeb 2019FBAL.NEO vs ZCON.TO
TGRO.TO
TD Growth ETF Portfolio0.15%—Aug 2020FBAL.NEO vs TGRO.TO
ZMI.TO
BMO Monthly Income ETF0.18%234.41MJan 2011FBAL.NEO vs ZMI.TO
ZESG.TO
BMO Balanced ESG ETF0.18%103.83MJan 2020FBAL.NEO vs ZESG.TO
XCNS.TO
iShares Core Conservative Balanced ETF Portfolio0.20%398.47MAug 2019FBAL.NEO vs XCNS.TO

Best Risk-Adjusted Alternatives to FBAL.NEO

FBAL.NEO has a PortfoliosLab risk / return rank of 67. There are 14 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 92.

SymbolNameRisk / Return RankAUMInception
GRO.TO
Franklin Growth ETF Portfolio
92
—Feb 2019FBAL.NEO vs GRO.TO
CEQT.TO
CI Equity Asset Allocation ETF
90
—May 2023FBAL.NEO vs CEQT.TO
XTR.TO
iShares Diversified Monthly Income ETF
87
373.65MDec 2005FBAL.NEO vs XTR.TO
MGRW.TO
Mackenzie Growth Allocation ETF
84
—Sep 2020FBAL.NEO vs MGRW.TO
TGRO.TO
TD Growth ETF Portfolio
81
—Aug 2020FBAL.NEO vs TGRO.TO

Top Performing FBAL.NEO Alternatives (YTD)

FBAL.NEO is at 7.17% YTD. There are 15 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.14%.

SymbolNameYTD ReturnAUMInception
CEQT.TO
CI Equity Asset Allocation ETF
13.14%
—May 2023FBAL.NEO vs CEQT.TO
GGRO.TO
iShares ESG Growth ETF Portfolio
11.48%
251.75MSep 2020FBAL.NEO vs GGRO.TO
VGRO.TO
Vanguard Growth ETF Portfolio
10.97%
10.14BJan 2018FBAL.NEO vs VGRO.TO
FEQT.NEO
Fidelity All-in-One Equity ETF Fund
10.90%
—Jan 2022FBAL.NEO vs FEQT.NEO
XGRO.TO
iShares Core Growth ETF Portfolio
10.70%
4.82BJun 2007FBAL.NEO vs XGRO.TO

Lowest Volatility Alternatives to FBAL.NEO

FBAL.NEO has 7.54% 1-year volatility. There are 11 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 ETF3.12%708.70MNov 2018FBAL.NEO vs PYF.TO
XTR.TO
iShares Diversified Monthly Income ETF4.59%373.65MDec 2005FBAL.NEO vs XTR.TO
VCIP.TO
Vanguard Conservative Income ETF Portfolio4.70%254.60MJan 2019FBAL.NEO vs VCIP.TO
XINC.TO
iShares Core Income Balanced ETF Portfolio4.93%122.26MAug 2019FBAL.NEO vs XINC.TO

Lowest Drawdown Alternatives to FBAL.NEO

FBAL.NEO has a 1-year max drawdown of -6.04%. 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%
708.70MNov 2018FBAL.NEO vs PYF.TO
XTR.TO
iShares Diversified Monthly Income ETF
-3.29%
373.65MDec 2005FBAL.NEO vs XTR.TO
XINC.TO
iShares Core Income Balanced ETF Portfolio
-3.65%
122.26MAug 2019FBAL.NEO vs XINC.TO
VCIP.TO
Vanguard Conservative Income ETF Portfolio
-3.80%
254.60MJan 2019FBAL.NEO vs VCIP.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 $4B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FINN.NEO
Fidelity Global Innovators ETFTechnology Equities
90
41.97%
—May 2023FBAL.NEO vs FINN.NEO
FCCM.NEO
Fidelity Canadian Momentum Index ETFMomentum, Canada Equities
82
11.11%
—Jun 2020FBAL.NEO vs FCCM.NEO
FBTC.TO
Fidelity Advantage Bitcoin ETFCryptocurrency
2
-26.46%
1.41BNov 2021FBAL.NEO vs FBTC.TO
FCUV.TO
Fidelity U.S. Value ETFLarge Cap Value Equities
82
14.86%
3.08BJun 2020FBAL.NEO vs FCUV.TO
FGRO.NEO
Fidelity All-in-One Growth ETFDiversified Portfolio
70
9.39%
4.36BJan 2021FBAL.NEO vs FGRO.NEO
FCIM.NEO
Fidelity International Momentum Index ETFMomentum, International Equity
70
20.61%
—Jun 2020FBAL.NEO vs FCIM.NEO
FCMO.NEO
Fidelity US Momentum ETFMomentum, Large Cap Growth Equities
65
21.49%
—Jun 2020FBAL.NEO vs FCMO.NEO
FCCQ.TO
Fidelity Canadian High Quality ETFCanada Equities
63
6.62%
922.80MJan 2019FBAL.NEO vs FCCQ.TO
FCIV.TO
Fidelity International Value ETFForeign Large Cap Equities
68
12.74%
2.08BJun 2025FBAL.NEO vs FCIV.TO
FCID.TO
Fidelity International High Dividend ETFDividend
68
11.02%
326.60MSep 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
72
8.49%
5.44BJan 2018FBAL.NEO vs VBAL.TO
XBAL.TO
iShares Core Balanced ETF PortfolioDiversified Portfolio
65
8.30%
3.20BJun 2007FBAL.NEO vs XBAL.TO
AMBFX
American Funds American Balanced Fund® Class F-2Diversified Portfolio
83
9.55%
—Aug 2008FBAL.NEO vs AMBFX
FBALX
Fidelity Balanced FundDiversified Portfolio
85
9.83%
—Nov 1986FBAL.NEO vs FBALX
ZBAL.TO
BMO Balanced ETFGlobal Allocation
76
8.47%
591.92MJan 2022FBAL.NEO vs ZBAL.TO
MAW120.TO
Mawer Global Equity Fund AGlobal Equities
6
7.49%
—Oct 2009FBAL.NEO vs MAW120.TO
HDIF.TO
Harvest Diversified Monthly Income ETF - Class A U...Derivative Income
74
12.37%
536.54MFeb 2022FBAL.NEO vs HDIF.TO
VFV.TO
Vanguard S&P 500 Index ETFS&P 500
78
12.72%
32.85BNov 2012FBAL.NEO vs VFV.TO
VEQT.TO
Vanguard All-Equity ETF PortfolioGlobal Equities
85
13.42%
14.70BJan 2019FBAL.NEO vs VEQT.TO
HBAL.TO
Global X Balanced Asset Allocation ETFDiversified Portfolio
79
8.28%
178.67MAug 2018FBAL.NEO vs HBAL.TO
BMAX.TO
Brompton Enhanced Multi-Asset Income ETFDiversified Portfolio
64
10.24%
65.40M—FBAL.NEO vs BMAX.TO
FGEP.TO
Fidelity Global Equity+ Fund ETFGlobal Equities
90
17.63%
—Oct 2023FBAL.NEO vs FGEP.TO
FCGI.TO
Fidelity Global Monthly High Income ETFGlobal Allocation
92
8.47%
44.70MJan 2020FBAL.NEO vs FCGI.TO
FCUQ.TO
Fidelity U.S. High Quality ETFLarge Cap Blend Equities
32
8.21%
2.19BJan 2019FBAL.NEO vs FCUQ.TO
TCON.TO
TD Conservative ETF PortfolioDiversified Portfolio
65
5.84%
—Aug 2020FBAL.NEO vs TCON.TO
FCCV.TO
Fidelity Canadian Value ETFCanada Equities
92
16.48%
1.06BJun 2020FBAL.NEO vs FCCV.TO
FFIX.NEO
Fidelity All-in-One Fixed Income ETFGlobal Bonds
26
1.36%
—May 2025FBAL.NEO vs FFIX.NEO
FCCD.TO
Fidelity Canadian High Dividend Index ETFDividend
95
14.86%
365.90MSep 2018FBAL.NEO vs FCCD.TO
CGNG
Capital Group New Geography Equity ETFEmerging Markets Diversified
56
15.66%
2.35BJun 2024FBAL.NEO vs CGNG
MIX.TO
Hamilton Enhanced Mixed Asset ETFDiversified Portfolio
64
8.73%
—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