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

XTR.TO vs. FBAL.NEO

Last updated Jun 4, 2026

XTR.TO (iShares Diversified Monthly Income ETF) and FBAL.NEO (Fidelity All-in-One Balanced ETF) are both Diversified Portfolio funds. XTR.TO is passively managed, while FBAL.NEO is actively managed. Over the past 5 years, XTR.TO returned 6.00%/yr vs 10.75%/yr for FBAL.NEO. A 0.66 correlation means they provide meaningful diversification when combined. XTR.TO charges 0.61%/yr vs 0.40%/yr for FBAL.NEO.

Performance

XTR.TO vs. FBAL.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Diversified Monthly Income ETF (XTR.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

In the year-to-date period, XTR.TO achieves a 6.55% return, which is significantly lower than FBAL.NEO's 6.89% return.

XTR.TO

1D
0.16%
1M
2.50%
YTD
6.55%
6M
6.45%
1Y
13.02%
3Y*
10.98%
5Y*
6.00%
10Y*
5.99%

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)

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

2026 (YTD)20252024202320222021
XTR.TO
iShares Diversified Monthly Income ETF		6.55%8.54%12.80%4.95%-4.48%8.26%
FBAL.NEO
Fidelity All-in-One Balanced ETF		6.89%12.92%19.42%13.96%-7.02%11.50%

Correlation

The correlation between XTR.TO and FBAL.NEO is 0.68, 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

0.68

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

0.68

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

0.67

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

0.66

The correlation between XTR.TO and FBAL.NEO has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

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

Sectors
XTR.TO
FBAL.NEO

Financial Services

26.2%
22.2%

Energy

16.1%
4.4%

Consumer Defensive

11.3%
5.5%

Technology

9.1%
20.6%

Utilities

8.0%
4.6%

Industrials

7.1%
11.3%

Consumer Cyclical

6.4%
7.7%

Healthcare

5.6%
4.4%

Basic Materials

5.6%
9.7%

Communication Services

3.8%
4.8%

Real Estate

0.9%
4.7%

Financial Services

XTR.TO
26.2%
FBAL.NEO
22.2%

Energy

XTR.TO
16.1%
FBAL.NEO
4.4%

Consumer Defensive

XTR.TO
11.3%
FBAL.NEO
5.5%

Technology

XTR.TO
9.1%
FBAL.NEO
20.6%

Utilities

XTR.TO
8.0%
FBAL.NEO
4.6%

Industrials

XTR.TO
7.1%
FBAL.NEO
11.3%

Consumer Cyclical

XTR.TO
6.4%
FBAL.NEO
7.7%

Healthcare

XTR.TO
5.6%
FBAL.NEO
4.4%

Basic Materials

XTR.TO
5.6%
FBAL.NEO
9.7%

Communication Services

XTR.TO
3.8%
FBAL.NEO
4.8%

Real Estate

XTR.TO
0.9%
FBAL.NEO
4.7%

Compare stocks, funds, or ETFs

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iShares Diversified Monthly Income ETF

Fidelity All-in-One Balanced ETF

Often compared with XTR.TO:
XTR.TO vs. FIE.TOXTR.TO vs. ZMI.TOXTR.TO vs. XDIV.TOXTR.TO vs. XCNS.TOXTR.TO vs. XEQT.TOXTR.TO vs. XEI.TOXTR.TO vs. VRIF.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. MAW120.TOFBAL.NEO vs. ZBAL.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XTR.TO
XTR.TO Risk / Return Rank: 8585
Overall Rank
XTR.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XTR.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
XTR.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XTR.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
XTR.TO Martin Ratio Rank: 8484
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Monthly Income ETF (XTR.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.

XTR.TOFBAL.NEODifference
Sharpe ratioReturn per unit of total volatility
2.85
2.17

+0.68

Sortino ratioReturn per unit of downside risk
4.22
3.11

+1.11

Omega ratioGain probability vs. loss probability

1.58

1.42

+0.16

Calmar ratioReturn relative to maximum drawdown

3.97

2.71

+1.26

Martin ratioReturn relative to average drawdown

17.48

11.32

+6.16

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

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

The current XTR.TO Sharpe Ratio is 2.85, which is higher than the FBAL.NEO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of XTR.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

XTR.TOFBAL.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.85

2.17

+0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

1.26

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

1.22

-0.83

Drawdowns

XTR.TO vs. FBAL.NEO - Drawdown Comparison

The maximum XTR.TO drawdown since its inception was -51.42%, 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 XTR.TO and FBAL.NEO.

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Drawdown Indicators

XTR.TOFBAL.NEODifference

Max Drawdown

Largest peak-to-trough decline

-51.42%

-13.83%

-37.59%

Max Drawdown (1Y)

Largest decline over 1 year

-3.29%

-6.04%

+2.75%

Max Drawdown (3Y)

Largest decline over 3 years

-6.06%

-8.29%

+2.23%

Max Drawdown (5Y)

Largest decline over 5 years

-9.74%

-13.83%

+4.09%

Max Drawdown (10Y)

Largest decline over 10 years

-25.92%

—

—

Current Drawdown

Current decline from peak

-0.16%

-0.45%

+0.29%

Average Drawdown

Average peak-to-trough decline

-4.96%

-2.43%

-2.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.75%

1.44%

-0.69%

Volatility

XTR.TO vs. FBAL.NEO - Volatility Comparison

The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 1.60%, while Fidelity All-in-One Balanced ETF (FBAL.NEO) has a volatility of 2.78%. This indicates that XTR.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

XTR.TOFBAL.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.60%

2.78%

-1.18%

Volatility (6M)

Calculated over the trailing 6-month period

3.75%

6.08%

-2.33%

Volatility (1Y)

Calculated over the trailing 1-year period

4.59%

7.54%

-2.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.27%

8.58%

-2.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.33%

8.57%

-0.24%

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

XTR.TO has a 0.61% expense ratio, which is higher than FBAL.NEO's 0.40% expense ratio.

Dividends

XTR.TO vs. FBAL.NEO - Dividend Comparison

XTR.TO's dividend yield for the trailing twelve months is around 3.92%, more than FBAL.NEO's 1.51% yield.

PositionTTM20252024202320222021202020192018201720162015
FBAL.NEO
Fidelity All-in-One Balanced ETF		1.51%1.61%1.42%1.71%4.48%1.08%0.00%0.00%0.00%0.00%0.00%0.00%
XTR.TO
iShares Diversified Monthly Income ETF		3.92%4.10%4.27%4.61%4.62%4.21%5.56%5.38%5.75%5.24%5.30%6.81%

Frequently Asked Questions

XTR.TO and FBAL.NEO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FBAL.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FBAL.NEO is cheaper with a 0.40% expense ratio, compared with 0.61% for XTR.TO.

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.61% for XTR.TO and 0.40% for FBAL.NEO.

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