GBAL.TO vs. FEQT.NEO
GBAL.TO (iShares ESG Balanced ETF Portfolio) and FEQT.NEO (Fidelity All-in-One Equity ETF Fund) are both Diversified Portfolio funds. Both are actively managed. Over the past year, GBAL.TO returned 18.03% vs 25.84% for FEQT.NEO. A 0.75 correlation means they provide meaningful diversification when combined. GBAL.TO charges 0.25%/yr vs 0.43%/yr for FEQT.NEO.
Performance
GBAL.TO vs. FEQT.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, GBAL.TO achieves a 9.39% return, which is significantly lower than FEQT.NEO's 10.90% return.
GBAL.TO
- 1D
- 0.16%
- 1M
- 5.46%
- YTD
- 9.39%
- 6M
- 7.35%
- 1Y
- 18.03%
- 3Y*
- 15.66%
- 5Y*
- 9.04%
- 10Y*
- —
FEQT.NEO
- 1D
- 0.54%
- 1M
- 4.10%
- YTD
- 10.90%
- 6M
- 10.77%
- 1Y
- 25.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBAL.TO vs. FEQT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GBAL.TO iShares ESG Balanced ETF Portfolio | 9.39% | 11.77% | 10.15% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 10.90% | 19.42% | 14.08% |
Correlation
The correlation between GBAL.TO and FEQT.NEO is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 14, 2024 | 0.75 |
The correlation between GBAL.TO and FEQT.NEO has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
GBAL.TO vs. FEQT.NEO — Risk / Return Rank
GBAL.TO
FEQT.NEO
GBAL.TO vs. FEQT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Balanced ETF Portfolio (GBAL.TO) and Fidelity All-in-One Equity ETF Fund (FEQT.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.
| GBAL.TO | FEQT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 3.12 | -0.29 |
| Martin ratioReturn relative to average drawdown | 11.25 | 13.53 | -2.28 |
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
| GBAL.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.36 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.79 | -0.76 |
Drawdowns
GBAL.TO vs. FEQT.NEO - Drawdown Comparison
The maximum GBAL.TO drawdown since its inception was -18.92%, which is greater than FEQT.NEO's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for GBAL.TO and FEQT.NEO.
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Drawdown Indicators
| GBAL.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.92% | -13.24% | -5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -8.31% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -10.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.48% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -1.45% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.91% | -0.30% |
Volatility
GBAL.TO vs. FEQT.NEO - Volatility Comparison
The current volatility for iShares ESG Balanced ETF Portfolio (GBAL.TO) is 3.19%, while Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a volatility of 3.90%. This indicates that GBAL.TO experiences smaller price fluctuations and is considered to be less risky than FEQT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBAL.TO | FEQT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.90% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 8.89% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 11.02% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 12.44% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 12.44% | -2.91% |
GBAL.TO vs. FEQT.NEO - Expense Ratio Comparison
GBAL.TO has a 0.25% expense ratio, which is lower than FEQT.NEO's 0.43% expense ratio.
Dividends
GBAL.TO vs. FEQT.NEO - Dividend Comparison
GBAL.TO's dividend yield for the trailing twelve months is around 1.71%, more than FEQT.NEO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.82% | 0.91% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
GBAL.TO iShares ESG Balanced ETF Portfolio | 1.71% | 1.83% | 1.84% | 2.40% | 1.87% | 1.43% | 0.96% |
Frequently Asked Questions
GBAL.TO and FEQT.NEO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBAL.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBAL.TO is cheaper with a 0.25% expense ratio, compared with 0.43% for FEQT.NEO.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.25% for GBAL.TO and 0.43% for FEQT.NEO.
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