FBAL.NEO vs. FBALX
Compare and contrast key facts about Fidelity All-in-One Balanced ETF (FBAL.NEO) and Fidelity Balanced Fund (FBALX).
FBAL.NEO is an actively managed fund by Fidelity. It was launched on Jan 21, 2021. FBALX is managed by Fidelity. It was launched on Nov 6, 1986.
Performance
FBAL.NEO vs. FBALX - Performance Comparison
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FBAL.NEO vs. FBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FBAL.NEO Fidelity All-in-One Balanced ETF | 1.39% | 12.92% | 19.42% | 13.96% | -7.02% | 11.50% |
FBALX Fidelity Balanced Fund | -0.36% | 9.83% | 26.07% | 17.66% | -12.47% | 15.26% |
Different Trading Currencies
FBAL.NEO is traded in CAD, while FBALX is traded in USD. To make them comparable, the FBALX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FBAL.NEO achieves a 1.39% return, which is significantly higher than FBALX's -0.36% return.
FBAL.NEO
- 1D
- 0.48%
- 1M
- -2.80%
- YTD
- 1.39%
- 6M
- 2.66%
- 1Y
- 12.15%
- 3Y*
- 14.02%
- 5Y*
- 10.00%
- 10Y*
- —
FBALX
- 1D
- 1.98%
- 1M
- -2.17%
- YTD
- -0.36%
- 6M
- 0.66%
- 1Y
- 12.63%
- 3Y*
- 14.78%
- 5Y*
- 9.91%
- 10Y*
- 11.48%
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FBAL.NEO vs. FBALX - Expense Ratio Comparison
FBAL.NEO has a 0.40% expense ratio, which is lower than FBALX's 0.51% expense ratio.
Return for Risk
FBAL.NEO vs. FBALX — Risk / Return Rank
FBAL.NEO
FBALX
FBAL.NEO vs. FBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity All-in-One Balanced ETF (FBAL.NEO) and Fidelity Balanced Fund (FBALX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FBAL.NEO | FBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.03 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.44 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.47 | +0.20 |
Martin ratioReturn relative to average drawdown | 6.49 | 5.83 | +0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBAL.NEO | FBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.03 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.94 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.18 | -0.04 |
Correlation
The correlation between FBAL.NEO and FBALX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FBAL.NEO vs. FBALX - Dividend Comparison
FBAL.NEO's dividend yield for the trailing twelve months is around 1.59%, less than FBALX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBAL.NEO Fidelity All-in-One Balanced ETF | 1.59% | 1.61% | 1.42% | 1.71% | 4.48% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBALX Fidelity Balanced Fund | 5.79% | 5.69% | 5.67% | 2.28% | 8.06% | 9.66% | 5.90% | 4.24% | 10.99% | 7.90% | 3.07% | 7.70% |
Drawdowns
FBAL.NEO vs. FBALX - Drawdown Comparison
The maximum FBAL.NEO drawdown since its inception was -13.83%, smaller than the maximum FBALX drawdown of -19.75%. Use the drawdown chart below to compare losses from any high point for FBAL.NEO and FBALX.
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Drawdown Indicators
| FBAL.NEO | FBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.83% | -43.57% | +29.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -8.14% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -22.89% | +9.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.68% | — |
Current DrawdownCurrent decline from peak | -3.32% | -4.56% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -4.39% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.76% | +0.14% |
Volatility
FBAL.NEO vs. FBALX - Volatility Comparison
The current volatility for Fidelity All-in-One Balanced ETF (FBAL.NEO) is 3.90%, while Fidelity Balanced Fund (FBALX) has a volatility of 4.26%. This indicates that FBAL.NEO experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBAL.NEO | FBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 4.26% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 7.14% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 12.22% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 10.58% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 11.37% | -2.80% |