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FBAL.NEO vs. FCCV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FBAL.NEO vs. FCCV.TO

Last updated Jun 5, 2026

FBAL.NEO (Fidelity All-in-One Balanced ETF) and FCCV.TO (Fidelity Canadian Value ETF) are both exchange-traded funds - FBAL.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FCCV.TO is a Canada Equities fund tracking the Fidelity Canada Canadian Value Index. FBAL.NEO is actively managed, while FCCV.TO is passively managed. Over the past 5 years, FBAL.NEO returned 10.81%/yr vs 17.71%/yr for FCCV.TO. A 0.60 correlation means they provide meaningful diversification when combined. FBAL.NEO charges 0.40%/yr vs 0.35%/yr for FCCV.TO.

Performance

FBAL.NEO vs. FCCV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-in-One Balanced ETF (FBAL.NEO) and Fidelity Canadian Value ETF (FCCV.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FBAL.NEO achieves a 7.17% return, which is significantly lower than FCCV.TO's 16.48% return.

FBAL.NEO

1D
0.26%
1M
2.98%
YTD
7.17%
6M
6.81%
1Y
16.77%
3Y*
16.34%
5Y*
10.81%
10Y*
—

FCCV.TO

1D
0.95%
1M
5.64%
YTD
16.48%
6M
17.18%
1Y
48.88%
3Y*
25.60%
5Y*
17.71%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FBAL.NEO vs. FCCV.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FBAL.NEO
Fidelity All-in-One Balanced ETF		7.17%12.92%19.42%13.96%-7.02%11.50%
FCCV.TO
Fidelity Canadian Value ETF		16.48%36.93%15.47%11.16%-3.35%31.62%

Correlation

The correlation between FBAL.NEO and FCCV.TO is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.70

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Jan 22, 2021

0.60

The correlation between FBAL.NEO and FCCV.TO has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

FBAL.NEO vs. FCCV.TO - Sectors Allocation Comparison

Sectors
FBAL.NEO
FCCV.TO

Financial Services

22.2%
38.7%

Technology

20.6%
12.4%

Industrials

11.3%
3.5%

Basic Materials

9.7%
23.0%

Consumer Cyclical

7.7%

-

Consumer Defensive

5.5%

-

Communication Services

4.8%
5.7%

Real Estate

4.7%
1.7%

Utilities

4.6%

-

Energy

4.4%
11.4%

Healthcare

4.4%
3.7%

Financial Services

FBAL.NEO
22.2%
FCCV.TO
38.7%

Technology

FBAL.NEO
20.6%
FCCV.TO
12.4%

Industrials

FBAL.NEO
11.3%
FCCV.TO
3.5%

Basic Materials

FBAL.NEO
9.7%
FCCV.TO
23.0%

Consumer Cyclical

FBAL.NEO
7.7%
FCCV.TO

-

Consumer Defensive

FBAL.NEO
5.5%
FCCV.TO

-

Communication Services

FBAL.NEO
4.8%
FCCV.TO
5.7%

Real Estate

FBAL.NEO
4.7%
FCCV.TO
1.7%

Utilities

FBAL.NEO
4.6%
FCCV.TO

-

Energy

FBAL.NEO
4.4%
FCCV.TO
11.4%

Healthcare

FBAL.NEO
4.4%
FCCV.TO
3.7%

Compare stocks, funds, or ETFs

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Fidelity All-in-One Balanced ETF

Fidelity Canadian Value ETF

Often compared with FBAL.NEO:
FBAL.NEO vs. VBAL.TOFBAL.NEO vs. XBAL.TOFBAL.NEO vs. FGRO.NEOFBAL.NEO vs. AMBFXFBAL.NEO vs. FBALXFBAL.NEO vs. ZBAL.TOFBAL.NEO vs. MAW120.TO
Often compared with FCCV.TO:
FCCV.TO vs. HEWB.TOFCCV.TO vs. FINN.NEOFCCV.TO vs. CCOM.TOFCCV.TO vs. FCCM.NEOFCCV.TO vs. FCMO.NEOFCCV.TO vs. TLV.TOFCCV.TO vs. FCUV.TO

Return for Risk

FBAL.NEO vs. FCCV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FBAL.NEO
FBAL.NEO Risk / Return Rank: 6767
Overall Rank
FBAL.NEO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
FBAL.NEO Sortino Ratio Rank: 7272
Sortino Ratio Rank
FBAL.NEO Omega Ratio Rank: 7373
Omega Ratio Rank
FBAL.NEO Calmar Ratio Rank: 5757
Calmar Ratio Rank
FBAL.NEO Martin Ratio Rank: 6565
Martin Ratio Rank
FCCV.TO
FCCV.TO Risk / Return Rank: 9292
Overall Rank
FCCV.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
FCCV.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
FCCV.TO Omega Ratio Rank: 9393
Omega Ratio Rank
FCCV.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
FCCV.TO Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBAL.NEO vs. FCCV.TO - 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 Canadian Value ETF (FCCV.TO). 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.NEOFCCV.TODifference
Sharpe ratioReturn per unit of total volatility
2.23
3.51

-1.27

Sortino ratioReturn per unit of downside risk
3.20
4.43

-1.23

Omega ratioGain probability vs. loss probability

1.43

1.64

-0.21

Calmar ratioReturn relative to maximum drawdown

2.79

5.02

-2.23

Martin ratioReturn relative to average drawdown

11.65

22.71

-11.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBAL.NEO vs. FCCV.TO - Sharpe Ratio Comparison

The current FBAL.NEO Sharpe Ratio is 2.23, which is lower than the FCCV.TO Sharpe Ratio of 3.51. The chart below compares the historical Sharpe Ratios of FBAL.NEO and FCCV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FBAL.NEOFCCV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.23

3.51

-1.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.27

1.19

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

1.23

1.47

-0.24

Drawdowns

FBAL.NEO vs. FCCV.TO - Drawdown Comparison

The maximum FBAL.NEO drawdown since its inception was -13.83%, smaller than the maximum FCCV.TO drawdown of -19.81%. Use the drawdown chart below to compare losses from any high point for FBAL.NEO and FCCV.TO.

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Drawdown Indicators

FBAL.NEOFCCV.TODifference

Max Drawdown

Largest peak-to-trough decline

-13.83%

-19.81%

+5.98%

Max Drawdown (1Y)

Largest decline over 1 year

-6.04%

-9.79%

+3.75%

Max Drawdown (3Y)

Largest decline over 3 years

-8.29%

-12.31%

+4.02%

Max Drawdown (5Y)

Largest decline over 5 years

-13.83%

-19.81%

+5.98%

Current Drawdown

Current decline from peak

-0.19%

-0.17%

-0.02%

Average Drawdown

Average peak-to-trough decline

-2.43%

-3.54%

+1.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.44%

2.16%

-0.72%

Volatility

FBAL.NEO vs. FCCV.TO - Volatility Comparison

The current volatility for Fidelity All-in-One Balanced ETF (FBAL.NEO) is 2.78%, while Fidelity Canadian Value ETF (FCCV.TO) has a volatility of 3.99%. This indicates that FBAL.NEO experiences smaller price fluctuations and is considered to be less risky than FCCV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FBAL.NEOFCCV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.78%

3.99%

-1.21%

Volatility (6M)

Calculated over the trailing 6-month period

6.08%

11.42%

-5.34%

Volatility (1Y)

Calculated over the trailing 1-year period

7.54%

14.02%

-6.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.58%

15.00%

-6.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.57%

14.77%

-6.20%

FBAL.NEO vs. FCCV.TO - Expense Ratio Comparison

FBAL.NEO has a 0.40% expense ratio, which is higher than FCCV.TO's 0.35% expense ratio.

Dividends

FBAL.NEO vs. FCCV.TO - Dividend Comparison

FBAL.NEO's dividend yield for the trailing twelve months is around 1.50%, less than FCCV.TO's 1.58% yield.

PositionTTM202520242023202220212020
FBAL.NEO
Fidelity All-in-One Balanced ETF		1.50%1.61%1.42%1.71%4.48%1.08%0.00%
FCCV.TO
Fidelity Canadian Value ETF		1.58%1.84%2.59%3.01%2.45%1.66%1.59%

Frequently Asked Questions

FBAL.NEO and FCCV.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FCCV.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FCCV.TO is cheaper with a 0.35% expense ratio, compared with 0.40% for FBAL.NEO.

FBAL.NEO is categorized as Diversified Portfolio, while FCCV.TO is Canada Equities. Their fees differ too: 0.40% for FBAL.NEO and 0.35% for FCCV.TO.

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