FBAL.NEO vs. FCMI.TO
FBAL.NEO (Fidelity All-in-One Balanced ETF) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - FBAL.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FCMI.TO is a Canada Equities fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FBAL.NEO returned 9.75%/yr vs 8.04%/yr for FCMI.TO. At a 0.21 correlation, their price movements are largely independent. FBAL.NEO charges 0.40%/yr vs 0.50%/yr for FCMI.TO.
Performance
FBAL.NEO vs. FCMI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FBAL.NEO achieves a 8.35% return, which is significantly lower than FCMI.TO's 9.25% return.
FBAL.NEO
- 1D
- 0.32%
- 1M
- 0.32%
- 6M
- 5.27%
- YTD
- 8.35%
- 1Y
- 16.92%
- 3Y*
- 15.90%
- 5Y*
- 9.75%
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
FBAL.NEO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FBAL.NEO Fidelity All-in-One Balanced ETF | 8.35% | 12.92% | 19.42% | 13.96% | -9.60% | 11.51% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 5.49% | -5.32% | 13.61% |
Correlation
The correlation between FBAL.NEO and FCMI.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.21 |
The correlation between FBAL.NEO and FCMI.TO shifts across timeframes, from 0.20 (5 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FBAL.NEO vs. FCMI.TO — Risk / Return Rank
FBAL.NEO
FCMI.TO
FBAL.NEO vs. FCMI.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 Monthly High Income ETF (FCMI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBAL.NEO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.80 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 5.36 | -2.61 |
| Martin ratioReturn relative to average drawdown | 11.42 | 20.61 | -9.19 |
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Drawdowns
FBAL.NEO vs. FCMI.TO - Drawdown Comparison
The maximum FBAL.NEO drawdown since its inception was -16.23%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for FBAL.NEO and FCMI.TO.
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Drawdown Indicators
| FBAL.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -63.80% | +47.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -3.62% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -8.29% | -6.63% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.23% | -10.00% | -6.23% |
Current DrawdownCurrent decline from peak | -1.14% | -18.96% | +17.82% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -41.60% | +38.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.94% | +0.55% |
Volatility
FBAL.NEO vs. FCMI.TO - Volatility Comparison
Fidelity All-in-One Balanced ETF (FBAL.NEO) has a higher volatility of 2.37% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.10%. This indicates that FBAL.NEO's price experiences larger fluctuations and is considered to be riskier than FCMI.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.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.10% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 4.99% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.35% | 6.39% | +1.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.62% | 7.80% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.53% | 22.20% | -13.67% |
FBAL.NEO vs. FCMI.TO - Expense Ratio Comparison
FBAL.NEO has a 0.40% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
FBAL.NEO vs. FCMI.TO - Dividend Comparison
FBAL.NEO's dividend yield for the trailing twelve months is around 1.49%, less than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FBAL.NEO Fidelity All-in-One Balanced ETF | 1.49% | 1.61% | 1.42% | 1.71% | 1.57% | 1.08% | 0.00% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
Frequently Asked Questions
FBAL.NEO and FCMI.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FBAL.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBAL.NEO is cheaper with a 0.40% expense ratio, compared with 0.50% for FCMI.TO.
FBAL.NEO is categorized as Diversified Portfolio, while FCMI.TO is Canada Equities. Their fees differ too: 0.40% for FBAL.NEO and 0.50% for FCMI.TO.
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