FBAL.NEO vs. MGRW.TO
Compare and contrast key facts about Fidelity All-in-One Balanced ETF (FBAL.NEO) and Mackenzie Growth Allocation ETF (MGRW.TO).
FBAL.NEO and MGRW.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBAL.NEO is an actively managed fund by Fidelity. It was launched on Jan 21, 2021. MGRW.TO is an actively managed fund by Mackenzie. It was launched on Sep 29, 2020.
Performance
FBAL.NEO vs. MGRW.TO - Performance Comparison
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FBAL.NEO vs. MGRW.TO - 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% |
MGRW.TO Mackenzie Growth Allocation ETF | 0.93% | 18.19% | 21.41% | 15.35% | -9.30% | 11.53% |
Returns By Period
In the year-to-date period, FBAL.NEO achieves a 1.39% return, which is significantly higher than MGRW.TO's 0.93% 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*
- —
MGRW.TO
- 1D
- 3.33%
- 1M
- -3.05%
- YTD
- 0.93%
- 6M
- 3.87%
- 1Y
- 18.96%
- 3Y*
- 16.44%
- 5Y*
- 10.67%
- 10Y*
- —
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FBAL.NEO vs. MGRW.TO - Expense Ratio Comparison
Return for Risk
FBAL.NEO vs. MGRW.TO — Risk / Return Rank
FBAL.NEO
MGRW.TO
FBAL.NEO vs. MGRW.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 Mackenzie Growth Allocation ETF (MGRW.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.NEO | MGRW.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.64 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.29 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.00 | -0.34 |
Martin ratioReturn relative to average drawdown | 6.49 | 8.61 | -2.12 |
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 | MGRW.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.64 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 1.02 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.13 | 0.00 |
Correlation
The correlation between FBAL.NEO and MGRW.TO is 0.47, 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. MGRW.TO - Dividend Comparison
FBAL.NEO's dividend yield for the trailing twelve months is around 1.59%, less than MGRW.TO's 1.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FBAL.NEO Fidelity All-in-One Balanced ETF | 1.59% | 1.61% | 1.42% | 1.71% | 4.48% | 1.08% | 0.00% |
MGRW.TO Mackenzie Growth Allocation ETF | 1.88% | 1.84% | 1.93% | 2.28% | 2.44% | 1.77% | 0.79% |
Drawdowns
FBAL.NEO vs. MGRW.TO - Drawdown Comparison
The maximum FBAL.NEO drawdown since its inception was -13.83%, smaller than the maximum MGRW.TO drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for FBAL.NEO and MGRW.TO.
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Drawdown Indicators
| FBAL.NEO | MGRW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.83% | -17.20% | +3.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -9.38% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -13.83% | -17.20% | +3.37% |
Current DrawdownCurrent decline from peak | -3.32% | -3.49% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -3.45% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.18% | -0.28% |
Volatility
FBAL.NEO vs. MGRW.TO - Volatility Comparison
The current volatility for Fidelity All-in-One Balanced ETF (FBAL.NEO) is 3.90%, while Mackenzie Growth Allocation ETF (MGRW.TO) has a volatility of 4.79%. This indicates that FBAL.NEO experiences smaller price fluctuations and is considered to be less risky than MGRW.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 | MGRW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 4.79% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 7.79% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 11.59% | -2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 10.54% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 10.46% | -1.89% |