FCIQ.TO vs. FBAL.NEO
FCIQ.TO (Fidelity International High Quality ETF) and FBAL.NEO (Fidelity All-in-One Balanced ETF) are both exchange-traded funds - FCIQ.TO is a International Equity fund actively managed by Fidelity, while FBAL.NEO is a Diversified Portfolio fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FCIQ.TO returned 6.75%/yr vs 9.75%/yr for FBAL.NEO. A 0.67 correlation means they provide meaningful diversification when combined. FCIQ.TO charges 0.45%/yr vs 0.40%/yr for FBAL.NEO.
Performance
FCIQ.TO vs. FBAL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCIQ.TO achieves a 12.55% return, which is significantly higher than FBAL.NEO's 8.35% return.
FCIQ.TO
- 1D
- 0.90%
- 1M
- 2.68%
- 6M
- 7.49%
- YTD
- 12.55%
- 1Y
- 13.05%
- 3Y*
- 13.45%
- 5Y*
- 6.75%
- 10Y*
- —
FBAL.NEO
- 1D
- 0.32%
- 1M
- 0.32%
- 6M
- 5.27%
- YTD
- 8.35%
- 1Y
- 16.92%
- 3Y*
- 15.90%
- 5Y*
- 9.75%
- 10Y*
- —
FCIQ.TO vs. FBAL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCIQ.TO Fidelity International High Quality ETF | 12.55% | 11.87% | 11.21% | 17.76% | -16.23% | 5.25% |
FBAL.NEO Fidelity All-in-One Balanced ETF | 8.35% | 12.92% | 19.42% | 13.96% | -9.60% | 11.51% |
Correlation
The correlation between FCIQ.TO and FBAL.NEO is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.67 |
The correlation between FCIQ.TO and FBAL.NEO has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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Return for Risk
FCIQ.TO vs. FBAL.NEO — Risk / Return Rank
FCIQ.TO
FBAL.NEO
FCIQ.TO vs. FBAL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Quality ETF (FCIQ.TO) and Fidelity All-in-One Balanced ETF (FBAL.NEO). 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.
| FCIQ.TO | FBAL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.75 | -1.28 |
| Martin ratioReturn relative to average drawdown | 4.02 | 11.42 | -7.39 |
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Drawdowns
FCIQ.TO vs. FBAL.NEO - Drawdown Comparison
The maximum FCIQ.TO drawdown since its inception was -32.88%, which is greater than FBAL.NEO's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for FCIQ.TO and FBAL.NEO.
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Drawdown Indicators
| FCIQ.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.88% | -16.23% | -16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -6.17% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -8.29% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -32.88% | -16.23% | -16.65% |
Current DrawdownCurrent decline from peak | -1.23% | -1.14% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -3.21% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 1.49% | +1.76% |
Volatility
FCIQ.TO vs. FBAL.NEO - Volatility Comparison
Fidelity International High Quality ETF (FCIQ.TO) has a higher volatility of 3.76% compared to Fidelity All-in-One Balanced ETF (FBAL.NEO) at 2.37%. This indicates that FCIQ.TO's price experiences larger fluctuations and is considered to be riskier than FBAL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCIQ.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 2.37% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 6.91% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 8.35% | +6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 8.62% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.56% | 8.53% | +8.03% |
FCIQ.TO vs. FBAL.NEO - Expense Ratio Comparison
FCIQ.TO has a 0.45% expense ratio, which is higher than FBAL.NEO's 0.40% expense ratio.
Dividends
FCIQ.TO vs. FBAL.NEO - Dividend Comparison
FCIQ.TO's dividend yield for the trailing twelve months is around 1.18%, less than FBAL.NEO's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FBAL.NEO Fidelity All-in-One Balanced ETF | 1.49% | 1.61% | 1.42% | 1.71% | 1.57% | 1.08% | 0.00% | 0.00% |
FCIQ.TO Fidelity International High Quality ETF | 1.18% | 1.59% | 1.64% | 1.94% | 2.54% | 1.56% | 0.54% | 1.42% |
Frequently Asked Questions
FCIQ.TO and FBAL.NEO have a correlation of 0.75, 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 0.45% for FCIQ.TO.
FCIQ.TO is categorized as International Equity, while FBAL.NEO is Diversified Portfolio. Their fees differ too: 0.45% for FCIQ.TO and 0.40% for FBAL.NEO.
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