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GCNS.TO vs. FBAL.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GCNS.TO vs. FBAL.NEO

Last updated Jun 4, 2026

GCNS.TO (iShares ESG Conservative Balanced ETF Portfolio) and FBAL.NEO (Fidelity All-in-One Balanced ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, GCNS.TO returned 6.92%/yr vs 10.75%/yr for FBAL.NEO. At a 0.29 correlation, their price movements are largely independent. GCNS.TO charges 0.25%/yr vs 0.40%/yr for FBAL.NEO.

Performance

GCNS.TO vs. FBAL.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Conservative Balanced ETF Portfolio (GCNS.TO) and Fidelity All-in-One Balanced ETF (FBAL.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with GCNS.TO having a 6.84% return and FBAL.NEO slightly higher at 6.89%.

GCNS.TO

1D
0.17%
1M
4.64%
YTD
6.84%
6M
5.63%
1Y
13.41%
3Y*
12.23%
5Y*
6.92%
10Y*
—

FBAL.NEO

1D
-0.26%
1M
2.74%
YTD
6.89%
6M
6.75%
1Y
16.29%
3Y*
16.09%
5Y*
10.75%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GCNS.TO vs. FBAL.NEO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
GCNS.TO
iShares ESG Conservative Balanced ETF Portfolio		6.84%7.23%15.54%11.66%-10.94%7.46%
FBAL.NEO
Fidelity All-in-One Balanced ETF		6.89%12.92%19.42%13.96%-7.02%11.50%

Correlation

The correlation between GCNS.TO and FBAL.NEO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Jan 22, 2021

0.29

GCNS.TO vs. FBAL.NEO - Sectors Allocation Comparison

Sectors
GCNS.TO
FBAL.NEO

Technology

33.8%
20.6%

Financial Services

29.3%
22.2%

Industrials

9.8%
11.3%

Basic Materials

7.4%
9.7%

Consumer Cyclical

5.1%
7.7%

Healthcare

4.8%
4.4%

Communication Services

3.3%
4.8%

Real Estate

3.2%
4.7%

Consumer Defensive

2.7%
5.5%

Utilities

0.6%
4.6%

Energy

-

4.4%

Technology

GCNS.TO
33.8%
FBAL.NEO
20.6%

Financial Services

GCNS.TO
29.3%
FBAL.NEO
22.2%

Industrials

GCNS.TO
9.8%
FBAL.NEO
11.3%

Basic Materials

GCNS.TO
7.4%
FBAL.NEO
9.7%

Consumer Cyclical

GCNS.TO
5.1%
FBAL.NEO
7.7%

Healthcare

GCNS.TO
4.8%
FBAL.NEO
4.4%

Communication Services

GCNS.TO
3.3%
FBAL.NEO
4.8%

Real Estate

GCNS.TO
3.2%
FBAL.NEO
4.7%

Consumer Defensive

GCNS.TO
2.7%
FBAL.NEO
5.5%

Utilities

GCNS.TO
0.6%
FBAL.NEO
4.6%

Energy

GCNS.TO

-

FBAL.NEO
4.4%

Compare stocks, funds, or ETFs

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iShares ESG Conservative Balanced ETF Portfolio

Fidelity All-in-One Balanced ETF

Often compared with GCNS.TO:
GCNS.TO vs. XCNS.TOGCNS.TO vs. VFV.TOGCNS.TO vs. XSTB.TOGCNS.TO vs. ZBI.TOGCNS.TO vs. CMR.TOGCNS.TO vs. GEQT.TOGCNS.TO vs. VCNS.TO
Often compared with FBAL.NEO:
FBAL.NEO vs. VBAL.TOFBAL.NEO vs. XBAL.TOFBAL.NEO vs. FGRO.NEOFBAL.NEO vs. AMBFXFBAL.NEO vs. FBALXFBAL.NEO vs. ZBAL.TOFBAL.NEO vs. MAW120.TO

Return for Risk

GCNS.TO vs. FBAL.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GCNS.TO
GCNS.TO Risk / Return Rank: 5252
Overall Rank
GCNS.TO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
GCNS.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
GCNS.TO Omega Ratio Rank: 5757
Omega Ratio Rank
GCNS.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
GCNS.TO Martin Ratio Rank: 5454
Martin Ratio Rank
FBAL.NEO
FBAL.NEO Risk / Return Rank: 6363
Overall Rank
FBAL.NEO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FBAL.NEO Sortino Ratio Rank: 6767
Sortino Ratio Rank
FBAL.NEO Omega Ratio Rank: 6868
Omega Ratio Rank
FBAL.NEO Calmar Ratio Rank: 5454
Calmar Ratio Rank
FBAL.NEO Martin Ratio Rank: 6262
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GCNS.TO vs. FBAL.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Conservative Balanced ETF Portfolio (GCNS.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.

GCNS.TOFBAL.NEODifference
Sharpe ratioReturn per unit of total volatility
1.59
2.17

-0.58

Sortino ratioReturn per unit of downside risk
2.32
3.11

-0.79

Omega ratioGain probability vs. loss probability

1.35

1.42

-0.06

Calmar ratioReturn relative to maximum drawdown

2.80

2.71

+0.09

Martin ratioReturn relative to average drawdown

9.32

11.32

-2.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GCNS.TO vs. FBAL.NEO - Sharpe Ratio Comparison

The current GCNS.TO Sharpe Ratio is 1.59, which is comparable to the FBAL.NEO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of GCNS.TO and FBAL.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GCNS.TOFBAL.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

2.17

-0.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

1.26

-0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

1.22

-0.30

Drawdowns

GCNS.TO vs. FBAL.NEO - Drawdown Comparison

The maximum GCNS.TO drawdown since its inception was -15.37%, which is greater than FBAL.NEO's maximum drawdown of -13.83%. Use the drawdown chart below to compare losses from any high point for GCNS.TO and FBAL.NEO.

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Drawdown Indicators

GCNS.TOFBAL.NEODifference

Max Drawdown

Largest peak-to-trough decline

-15.37%

-13.83%

-1.54%

Max Drawdown (1Y)

Largest decline over 1 year

-4.81%

-6.04%

+1.23%

Max Drawdown (3Y)

Largest decline over 3 years

-7.38%

-8.29%

+0.91%

Max Drawdown (5Y)

Largest decline over 5 years

-15.37%

-13.83%

-1.54%

Current Drawdown

Current decline from peak

0.00%

-0.45%

+0.45%

Average Drawdown

Average peak-to-trough decline

-3.56%

-2.43%

-1.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.44%

1.44%

0.00%

Volatility

GCNS.TO vs. FBAL.NEO - Volatility Comparison

The current volatility for iShares ESG Conservative Balanced ETF Portfolio (GCNS.TO) is 2.47%, while Fidelity All-in-One Balanced ETF (FBAL.NEO) has a volatility of 2.78%. This indicates that GCNS.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

GCNS.TOFBAL.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.47%

2.78%

-0.31%

Volatility (6M)

Calculated over the trailing 6-month period

5.59%

6.08%

-0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

8.49%

7.54%

+0.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.20%

8.58%

-0.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.83%

8.57%

-0.74%

GCNS.TO vs. FBAL.NEO - Expense Ratio Comparison

GCNS.TO has a 0.25% expense ratio, which is lower than FBAL.NEO's 0.40% expense ratio.

Dividends

GCNS.TO vs. FBAL.NEO - Dividend Comparison

GCNS.TO's dividend yield for the trailing twelve months is around 1.98%, more than FBAL.NEO's 1.51% yield.

PositionTTM202520242023202220212020
FBAL.NEO
Fidelity All-in-One Balanced ETF		1.51%1.61%1.42%1.71%4.48%1.08%0.00%
GCNS.TO
iShares ESG Conservative Balanced ETF Portfolio		1.98%2.07%2.03%2.88%2.09%1.60%2.49%

Frequently Asked Questions

GCNS.TO and FBAL.NEO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GCNS.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GCNS.TO is cheaper with a 0.25% expense ratio, compared with 0.40% for FBAL.NEO.

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.25% for GCNS.TO and 0.40% for FBAL.NEO.

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