HBAL.TO vs. FBAL.NEO
Compare and contrast key facts about Global X Balanced Asset Allocation ETF (HBAL.TO) and Fidelity All-in-One Balanced ETF (FBAL.NEO).
HBAL.TO and FBAL.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HBAL.TO is an actively managed fund by Global X. It was launched on Aug 1, 2018. FBAL.NEO is an actively managed fund by Fidelity. It was launched on Jan 21, 2021.
Performance
HBAL.TO vs. FBAL.NEO - Performance Comparison
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HBAL.TO vs. FBAL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HBAL.TO Global X Balanced Asset Allocation ETF | -1.33% | 13.57% | 16.65% | 15.57% | -17.70% | 12.60% |
FBAL.NEO Fidelity All-in-One Balanced ETF | 0.90% | 12.92% | 19.42% | 13.96% | -7.02% | 11.50% |
Returns By Period
In the year-to-date period, HBAL.TO achieves a -1.33% return, which is significantly lower than FBAL.NEO's 0.90% return.
HBAL.TO
- 1D
- 0.94%
- 1M
- -4.40%
- YTD
- -1.33%
- 6M
- 0.70%
- 1Y
- 10.97%
- 3Y*
- 12.18%
- 5Y*
- 6.75%
- 10Y*
- —
FBAL.NEO
- 1D
- 1.68%
- 1M
- -3.46%
- YTD
- 0.90%
- 6M
- 2.59%
- 1Y
- 11.78%
- 3Y*
- 13.84%
- 5Y*
- 9.90%
- 10Y*
- —
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HBAL.TO vs. FBAL.NEO - Expense Ratio Comparison
HBAL.TO has a 0.20% expense ratio, which is lower than FBAL.NEO's 0.40% expense ratio.
Return for Risk
HBAL.TO vs. FBAL.NEO — Risk / Return Rank
HBAL.TO
FBAL.NEO
HBAL.TO vs. FBAL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Balanced Asset Allocation ETF (HBAL.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.
| HBAL.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.33 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.80 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.67 | -0.10 |
Martin ratioReturn relative to average drawdown | 6.41 | 6.56 | -0.15 |
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
| HBAL.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.33 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.16 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.12 | -0.44 |
Correlation
The correlation between HBAL.TO and FBAL.NEO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HBAL.TO vs. FBAL.NEO - Dividend Comparison
HBAL.TO's dividend yield for the trailing twelve months is around 2.24%, more than FBAL.NEO's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HBAL.TO Global X Balanced Asset Allocation ETF | 2.24% | 2.41% | 2.28% | 1.08% | 0.02% | 0.06% | 0.04% | 0.19% |
FBAL.NEO Fidelity All-in-One Balanced ETF | 1.60% | 1.61% | 1.42% | 1.71% | 4.48% | 1.08% | 0.00% | 0.00% |
Drawdowns
HBAL.TO vs. FBAL.NEO - Drawdown Comparison
The maximum HBAL.TO drawdown since its inception was -22.49%, 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 HBAL.TO and FBAL.NEO.
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Drawdown Indicators
| HBAL.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.49% | -13.83% | -8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -7.39% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.11% | -13.83% | -8.28% |
Current DrawdownCurrent decline from peak | -4.80% | -3.78% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -2.48% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.89% | -0.11% |
Volatility
HBAL.TO vs. FBAL.NEO - Volatility Comparison
Global X Balanced Asset Allocation ETF (HBAL.TO) and Fidelity All-in-One Balanced ETF (FBAL.NEO) have volatilities of 3.85% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBAL.TO | FBAL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 4.00% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.04% | 6.03% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 8.91% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.46% | 8.60% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.18% | 8.57% | +3.61% |