HBAL.TO Alternatives & Similar ETFs

Global X Balanced Asset Allocation ETF (HBAL.TO) 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 HBAL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to HBAL.TO

HBAL.TO charges 0.20% annually. There are 4 ETFs in the Diversified Portfolio category with lower expense ratios, going as low as 0.15%.

Symbol	Name	Expense Ratio	AUM	Inception
TGRO.TO	TD Growth ETF Portfolio	0.15%	—	Aug 2020	HBAL.TO vs TGRO.TO
ZCON.TO	BMO Conservative ETF	0.15%	101.45M	Feb 2019	HBAL.TO vs ZCON.TO
ZMI.TO	BMO Monthly Income ETF	0.18%	234.41M	Jan 2011	HBAL.TO vs ZMI.TO
ZESG.TO	BMO Balanced ESG ETF	0.18%	103.83M	Jan 2020	HBAL.TO vs ZESG.TO
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	0.20%	398.47M	Aug 2019	HBAL.TO vs XCNS.TO

Best Risk-Adjusted Alternatives to HBAL.TO

HBAL.TO has a PortfoliosLab risk / return rank of 77. There are 5 ETFs in the Diversified Portfolio category with higher risk-adjusted ranks, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
GRO.TO	Franklin Growth ETF Portfolio	90	—	Feb 2019	HBAL.TO vs GRO.TO
CEQT.TO	CI Equity Asset Allocation ETF	90	—	May 2023	HBAL.TO vs CEQT.TO
XTR.TO	iShares Diversified Monthly Income ETF	85	373.65M	Dec 2005	HBAL.TO vs XTR.TO
MGRW.TO	Mackenzie Growth Allocation ETF	83	—	Sep 2020	HBAL.TO vs MGRW.TO
TGRO.TO	TD Growth ETF Portfolio	77	—	Aug 2020	HBAL.TO vs TGRO.TO

Top Performing HBAL.TO Alternatives (YTD)

HBAL.TO is at 8.04% YTD. There are 13 ETFs in the Diversified Portfolio category with higher YTD returns, going as high as 13.14%.

Symbol	Name	YTD Return	AUM	Inception
CEQT.TO	CI Equity Asset Allocation ETF	13.14%	—	May 2023	HBAL.TO vs CEQT.TO
GGRO.TO	iShares ESG Growth ETF Portfolio	11.53%	251.75M	Sep 2020	HBAL.TO vs GGRO.TO
XGRO.TO	iShares Core Growth ETF Portfolio	10.38%	4.82B	Jun 2007	HBAL.TO vs XGRO.TO
VGRO.TO	Vanguard Growth ETF Portfolio	10.34%	10.14B	Jan 2018	HBAL.TO vs VGRO.TO
FEQT.NEO	Fidelity All-in-One Equity ETF Fund	10.30%	—	Jan 2022	HBAL.TO vs FEQT.NEO

Lowest Volatility Alternatives to HBAL.TO

HBAL.TO has 7.86% 1-year volatility. There are 13 ETFs in the Diversified Portfolio category with lower 1-year volatility, going as low as 0.00%.

Symbol	Name	Volatility 1Y	AUM	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	—	Jun 2021	HBAL.TO vs CSBG.NEO
PYF.TO	Purpose Premium Yield Fund Series ETF	3.20%	708.70M	Nov 2018	HBAL.TO vs PYF.TO
XTR.TO	iShares Diversified Monthly Income ETF	4.59%	373.65M	Dec 2005	HBAL.TO vs XTR.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	4.70%	254.60M	Jan 2019	HBAL.TO vs VCIP.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	4.93%	122.26M	Aug 2019	HBAL.TO vs XINC.TO

Lowest Drawdown Alternatives to HBAL.TO

HBAL.TO has a 1-year max drawdown of -5.80%. There are 12 ETFs in the Diversified Portfolio category with shallower 1-year drawdowns, going as shallow as 0.00%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CSBG.NEO	CIBC Sustainable Balanced Growth Solution ETF	0.00%	—	Jun 2021	HBAL.TO vs CSBG.NEO
PYF.TO	Purpose Premium Yield Fund Series ETF	-2.11%	708.70M	Nov 2018	HBAL.TO vs PYF.TO
XTR.TO	iShares Diversified Monthly Income ETF	-3.29%	373.65M	Dec 2005	HBAL.TO vs XTR.TO
XINC.TO	iShares Core Income Balanced ETF Portfolio	-3.65%	122.26M	Aug 2019	HBAL.TO vs XINC.TO
VCIP.TO	Vanguard Conservative Income ETF Portfolio	-3.80%	254.60M	Jan 2019	HBAL.TO vs VCIP.TO

Other ETFs from Global X

The 10 most viewed Global X ETFs shown here include CASH.TO, CBIL.TO, QQCL.TO and span 10 categories. AUM among these funds goes as high as $7B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CASH.TO	Global X High Interest Savings ETF	Money Market	100	0.83%	6.70B	Nov 2021	HBAL.TO vs CASH.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	99	0.85%	2.27B	Apr 2023	HBAL.TO vs CBIL.TO
QQCL.TO	Global X Enhanced NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	81	20.85%	364.56M	Oct 2023	HBAL.TO vs QQCL.TO
HXS.TO	Global X S&P 500 Index Corporate Class ETF	S&P 500	71	11.99%	6.67B	Nov 2010	HBAL.TO vs HXS.TO
HXT.TO	Global X S&P/TSX 60 Corporate Class ETF	Canada Equities	81	10.03%	5.16B	Sep 2010	HBAL.TO vs HXT.TO
HSAV.TO	Global X Cash Maximizer Corporate Class ETF	Bank Loan	66	1.04%	1.92B	Feb 2020	HBAL.TO vs HSAV.TO
CHPS.TO	Global X Artificial Intelligence Semiconductor Ind...	Semiconductors, Technology Equities	94	66.03%	342.08M	Jun 2021	HBAL.TO vs CHPS.TO
HBNK.TO	Global X Equal Weight Banks Index ETF	Financials Equities	96	18.85%	—	Jul 2023	HBAL.TO vs HBNK.TO
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	Derivative Income, S&P 500	75	11.57%	249.48M	Jul 2023	HBAL.TO vs USCL.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Nasdaq-100, Derivative Income	82	16.94%	713.85M	Sep 2011	HBAL.TO vs QQCC.TO

Often Compared With HBAL.TO

Investors most often compare HBAL.TO with TCON.TO, ZBAL.TO, FBAL.NEO. These 13 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TCON.TO	TD Conservative ETF Portfolio	Diversified Portfolio	63	5.47%	—	Aug 2020	HBAL.TO vs TCON.TO
ZBAL.TO	BMO Balanced ETF	Global Allocation	72	8.07%	591.92M	Jan 2022	HBAL.TO vs ZBAL.TO
FBAL.NEO	Fidelity All-in-One Balanced ETF	Diversified Portfolio	63	6.89%	8.37B	Jan 2021	HBAL.TO vs FBAL.NEO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	63	8.17%	—	Apr 2025	HBAL.TO vs MIX.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	61	7.81%	3.20B	Jun 2007	HBAL.TO vs XBAL.TO
VBAL.TO	Vanguard Balanced ETF Portfolio	Diversified Portfolio	68	8.13%	5.44B	Jan 2018	HBAL.TO vs VBAL.TO
GCNS.TO	iShares ESG Conservative Balanced ETF Portfolio	Diversified Portfolio	52	6.84%	75.91M	Sep 2020	HBAL.TO vs GCNS.TO
VCNS.TO	Vanguard Conservative ETF Portfolio	Diversified Portfolio	56	5.71%	893.34M	Jan 2018	HBAL.TO vs VCNS.TO
VRIF.TO	Vanguard Retirement Income ETF Portfolio	Diversified Portfolio	66	4.88%	357.83M	Sep 2020	HBAL.TO vs VRIF.TO
FGRO.NEO	Fidelity All-in-One Growth ETF	Diversified Portfolio	65	8.81%	4.36B	Jan 2021	HBAL.TO vs FGRO.NEO
CEQP.TO	CI Equity+ Asset Allocation ETF	Diversified Portfolio	—	—	—	Jan 2026	HBAL.TO vs CEQP.TO
GBAL.TO	iShares ESG Balanced ETF Portfolio	Diversified Portfolio	58	9.21%	253.48M	Sep 2020	HBAL.TO vs GBAL.TO
HEQT.TO	Horizons All-Equity Asset Allocation ETF	Global Equities	80	13.56%	—	Sep 2019	HBAL.TO vs HEQT.TO

Compare HBAL.TO with Any Fund or Stock

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

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Pair HBAL.TO with funds that move differently

Global X Balanced Asset Allocation ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HBAL.TO.

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Global X Balanced Asset Allocation ETF (HBAL.TO) Alternatives