FCUH.TO vs. FBAL.NEO
FCUH.TO (Fidelity U.S. High Dividend Currency Neutral ETF) and FBAL.NEO (Fidelity All-in-One Balanced ETF) are both exchange-traded funds - FCUH.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, FCUH.TO returned 8.27%/yr vs 9.75%/yr for FBAL.NEO. At a 0.40 correlation, their price movements are largely independent. FCUH.TO charges 0.38%/yr vs 0.40%/yr for FBAL.NEO.
Performance
FCUH.TO vs. FBAL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, FCUH.TO achieves a 10.30% return, which is significantly higher than FBAL.NEO's 8.35% return.
FCUH.TO
- 1D
- 0.16%
- 1M
- -0.28%
- 6M
- 8.91%
- YTD
- 10.30%
- 1Y
- 10.83%
- 3Y*
- 11.42%
- 5Y*
- 8.27%
- 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*
- —
FCUH.TO vs. FBAL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 10.30% | 7.12% | 12.67% | 9.08% | -6.43% | 25.62% |
FBAL.NEO Fidelity All-in-One Balanced ETF | 8.35% | 12.92% | 19.42% | 13.96% | -9.60% | 11.51% |
Correlation
The correlation between FCUH.TO and FBAL.NEO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.40 |
Over the past year, the correlation between FCUH.TO and FBAL.NEO has dropped to 0.17 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
FCUH.TO vs. FBAL.NEO — Risk / Return Rank
FCUH.TO
FBAL.NEO
FCUH.TO vs. FBAL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.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.
| FCUH.TO | FBAL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.75 | -1.31 |
| Martin ratioReturn relative to average drawdown | 4.41 | 11.42 | -7.01 |
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Drawdowns
FCUH.TO vs. FBAL.NEO - Drawdown Comparison
The maximum FCUH.TO drawdown since its inception was -45.06%, 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 FCUH.TO and FBAL.NEO.
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Drawdown Indicators
| FCUH.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.06% | -16.23% | -28.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.17% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -8.29% | -7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -16.23% | -5.57% |
Current DrawdownCurrent decline from peak | -1.29% | -1.14% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -3.21% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.49% | +0.88% |
Volatility
FCUH.TO vs. FBAL.NEO - Volatility Comparison
Fidelity U.S. High Dividend Currency Neutral ETF (FCUH.TO) has a higher volatility of 2.55% compared to Fidelity All-in-One Balanced ETF (FBAL.NEO) at 2.37%. This indicates that FCUH.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
| FCUH.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.37% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 6.91% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 8.35% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 8.62% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.14% | 8.53% | +11.61% |
FCUH.TO vs. FBAL.NEO - Expense Ratio Comparison
FCUH.TO has a 0.38% expense ratio, which is lower than FBAL.NEO's 0.40% expense ratio.
Dividends
FCUH.TO vs. FBAL.NEO - Dividend Comparison
FCUH.TO's dividend yield for the trailing twelve months is around 2.48%, 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% |
FCUH.TO Fidelity U.S. High Dividend Currency Neutral ETF | 2.48% | 2.72% | 2.41% | 2.57% | 3.05% | 2.32% | 4.23% | 2.99% | 0.29% |
Frequently Asked Questions
FCUH.TO and FBAL.NEO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCUH.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUH.TO is cheaper with a 0.38% expense ratio, compared with 0.40% for FBAL.NEO.
FCUH.TO is categorized as Dividend, while FBAL.NEO is Diversified Portfolio. Their fees differ too: 0.38% for FCUH.TO and 0.40% for FBAL.NEO.
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