FCUD.TO vs. FBAL.NEO
FCUD.TO (Fidelity U.S. High Dividend ETF) and FBAL.NEO (Fidelity All-in-One Balanced ETF) are both exchange-traded funds - FCUD.TO is a Dividend 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, FCUD.TO returned 9.99%/yr vs 9.75%/yr for FBAL.NEO. A 0.60 correlation means they provide meaningful diversification when combined. FCUD.TO charges 0.35%/yr vs 0.40%/yr for FBAL.NEO.
Performance
FCUD.TO vs. FBAL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCUD.TO achieves a 14.75% return, which is significantly higher than FBAL.NEO's 8.35% return.
FCUD.TO
- 1D
- 0.07%
- 1M
- 0.46%
- 6M
- 10.36%
- YTD
- 14.75%
- 1Y
- 5.31%
- 3Y*
- 11.70%
- 5Y*
- 9.99%
- 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*
- —
FCUD.TO vs. FBAL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCUD.TO Fidelity U.S. High Dividend ETF | 14.75% | -5.65% | 22.63% | 8.12% | 0.48% | 26.52% |
FBAL.NEO Fidelity All-in-One Balanced ETF | 8.35% | 12.92% | 19.42% | 13.96% | -9.60% | 11.51% |
Correlation
The correlation between FCUD.TO and FBAL.NEO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.60 |
The correlation between FCUD.TO and FBAL.NEO shifts across timeframes, from 0.48 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCUD.TO vs. FBAL.NEO — Risk / Return Rank
FCUD.TO
FBAL.NEO
FCUD.TO vs. FBAL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend ETF (FCUD.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.
| FCUD.TO | FBAL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.38 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 2.75 | -2.38 |
| Martin ratioReturn relative to average drawdown | 0.87 | 11.42 | -10.55 |
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Drawdowns
FCUD.TO vs. FBAL.NEO - Drawdown Comparison
The maximum FCUD.TO drawdown since its inception was -38.79%, 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 FCUD.TO and FBAL.NEO.
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Drawdown Indicators
| FCUD.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -16.23% | -22.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.19% | -6.17% | -8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -8.29% | -7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -16.23% | +0.10% |
Current DrawdownCurrent decline from peak | -1.54% | -1.14% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -3.21% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 1.49% | +4.63% |
Volatility
FCUD.TO vs. FBAL.NEO - Volatility Comparison
The current volatility for Fidelity U.S. High Dividend ETF (FCUD.TO) is 1.82%, while Fidelity All-in-One Balanced ETF (FBAL.NEO) has a volatility of 2.37%. This indicates that FCUD.TO experiences smaller price fluctuations and is considered to be less risky 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
| FCUD.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 2.37% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.34% | 6.91% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.38% | 8.35% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 8.62% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.82% | 8.53% | +9.29% |
FCUD.TO vs. FBAL.NEO - Expense Ratio Comparison
FCUD.TO has a 0.35% expense ratio, which is lower than FBAL.NEO's 0.40% expense ratio.
Dividends
FCUD.TO vs. FBAL.NEO - Dividend Comparison
FCUD.TO's dividend yield for the trailing twelve months is around 2.46%, more than FBAL.NEO's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FBAL.NEO Fidelity All-in-One Balanced ETF | 1.49% | 1.61% | 1.42% | 1.71% | 1.57% | 1.08% | 0.00% | 0.00% | 0.00% |
FCUD.TO Fidelity U.S. High Dividend ETF | 2.46% | 3.13% | 2.15% | 2.45% | 2.72% | 2.16% | 4.10% | 2.90% | 1.01% |
Frequently Asked Questions
FCUD.TO and FBAL.NEO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCUD.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUD.TO is cheaper with a 0.35% expense ratio, compared with 0.40% for FBAL.NEO.
FCUD.TO is categorized as Dividend, while FBAL.NEO is Diversified Portfolio. Their fees differ too: 0.35% for FCUD.TO and 0.40% for FBAL.NEO.
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