FBAL.NEO vs. FXAIX
Compare and contrast key facts about Fidelity All-in-One Balanced ETF (FBAL.NEO) and Fidelity 500 Index Fund (FXAIX).
FBAL.NEO is an actively managed fund by Fidelity. It was launched on Jan 21, 2021. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FBAL.NEO vs. FXAIX - Performance Comparison
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FBAL.NEO vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -2.99% | 12.44% | 35.75% | 23.51% | -12.30% | 25.42% |
Different Trading Currencies
FBAL.NEO is traded in CAD, while FXAIX is traded in USD. To make them comparable, the FXAIX 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 FXAIX's -2.99% 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*
- —
FXAIX
- 1D
- 2.87%
- 1M
- -3.34%
- YTD
- -2.99%
- 6M
- -2.27%
- 1Y
- 14.14%
- 3Y*
- 19.46%
- 5Y*
- 14.13%
- 10Y*
- 14.85%
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FBAL.NEO vs. FXAIX - Expense Ratio Comparison
FBAL.NEO has a 0.40% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FBAL.NEO vs. FXAIX — Risk / Return Rank
FBAL.NEO
FXAIX
FBAL.NEO vs. FXAIX - 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 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 0.77 | +0.60 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.16 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.27 | +0.40 |
Martin ratioReturn relative to average drawdown | 6.49 | 4.77 | +1.72 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 0.77 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.95 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.05 | +0.08 |
Correlation
The correlation between FBAL.NEO and FXAIX is 0.65, 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. FXAIX - Dividend Comparison
FBAL.NEO's dividend yield for the trailing twelve months is around 1.59%, more than FXAIX's 1.16% 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% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FBAL.NEO vs. FXAIX - Drawdown Comparison
The maximum FBAL.NEO drawdown since its inception was -13.83%, smaller than the maximum FXAIX drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for FBAL.NEO and FXAIX.
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Drawdown Indicators
| FBAL.NEO | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.83% | -33.79% | +19.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -12.13% | +4.74% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -24.50% | +10.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -3.32% | -6.23% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -3.83% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.53% | -0.63% |
Volatility
FBAL.NEO vs. FXAIX - Volatility Comparison
The current volatility for Fidelity All-in-One Balanced ETF (FBAL.NEO) is 3.90%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 5.31%. This indicates that FBAL.NEO experiences smaller price fluctuations and is considered to be less risky than FXAIX 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 | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 5.31% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 9.62% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 18.14% | -9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 15.02% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 16.34% | -7.77% |