This is the last part in our series of All-in-One ETFs. Investors can look at our previous blogs on All-in-One ETFs for growth-oriented and conservative investors. For the last part of the series, today we’ll discuss all the current offerings of All-in-One ETFs for investors that seek a balanced approach to managing their portfolio. Unlike growth-oriented or conservative investors, who focus solely on one style, there is a subset of investors that prefer a balance between safety, income, and moderate capital appreciation over time with manageable volatility levels. We don’t think there is a “right” approach here; investors should select investing styles based on their personality, risk tolerance, and goals.

Again, an “All-in-One” ETF is one of the most cost-efficient ways for investors to outsource portfolio management decisions to professionals. Investors can still enjoy the benefits of long-term compounding, as well as all the advantages that come with one-stop-shop ETFs such as diversification, asset allocation, and risk management—without the need to become their own portfolio managers.

However, it is critical for investors to understand each product’s investment objectives, asset allocation, and underlying holdings to ensure they align with their goals and risk tolerance. This series is intended to serve as a single place for investors to view and compare all the products offered by different providers, including Fidelity, Global X, BMO, BlackRock, Vanguard, etc.

1. iShares Core Balanced ETF (XBAL)

• Asset allocations: 60% equity, 40% fixed income
• Yield: 1.77%
• Distribution Frequency: Quarterly
• Assets Under Management (AUM): $2.5 billion
• Management Expense Ratio (MER): 0.20%
• Number of holdings: 8
• 5-year performance: (as of October 31, 2025) 9.6% annualized return

Some of the largest positions:

• iShares Core S&P Total U.S. Stock Market ETF (ITOT) – 27.9%
• iShares Core Canadian Universe Bond Index ETF (XBB) – 25.5%
• iShares MSCI EAFE IMI Index (XEF) – 15.5%

XBAL’s portfolio is concentrated, with 8 holdings. However, each holding is itself an ETF that owns a diversified portfolio of underlying securities.

2. Vanguard Balanced ETF (VBAL)

• Asset allocations: 60% equity, 40% fixed income
• Yield: 1.92%
• Distribution Frequency: Quarterly
• Assets Under Management (AUM): $4.2 billion
• Management Expense Ratio (MER): 0.24%
• Number of holdings: 7
• 5-year performance: (as of October 31, 2025) 12.6% annualized return

Some of the largest positions:

• U.S. Total Market Index ETF – 27.7%
• Canadian Aggregate Bond Index ETF – 22.9%
• FTSE Canada All Cap Index ETF – 18.6%

Similarly, VBAL’s portfolio only has seven holdings. However, each holding is itself an ETF that owns a diversified portfolio of underlying securities.

3. Fidelity All-in-One Balanced ETF (FBAL)

• Asset allocations: 59% equity, 39% fixed income, 2% cryptocurrencies
• Yield: 1.69%
• Distribution Frequency: Annually
• Assets Under Management (AUM): $3.9 billion
• Management Expense Ratio (MER): 1.69%
• Number of holdings: 1,658
• 3-year performance: (as of October 31, 2025) 13.9% annualized return. The fund was founded in January 2021.

Some of the largest positions:

• Fidelity Systematic Canadian Bond – 27.8%
• Fidelity U.S. Momentum ETF – 8.3%
• Fidelity U.S. Value ETF – 7.7%

4. BMO Balanced ETF (ZBAL)

• Asset allocations: 61% equity, 39% fixed income
• Yield: 2.0%
• Distribution Frequency: Quarterly
• Assets Under Management (AUM): $430 million
• Management Expense Ratio (MER): 0.20%
• Number of holdings: 9
• 5-year performance: (as of October 31, 2025) 9.3% annualized return

Some of the largest positions:

• BMO S&P 500 Index ETF – 28.3%
• BMO Aggregate Bond Index ETF – 27.2%
• BMO S&P/TSX Capped Composite – 15.3%

5. Global X Balanced Asset Allocation ETF (HBAL)

• Asset allocations: 60% equity, 40% fixed income
• Yield: 2.34%
• Distribution Frequency: Monthly
• Assets Under Management (AUM): $163 million
• Management Expense Ratio (MER): 0.20%
• Number of holdings: 9
• 5-year performance: (as of October 31, 2025) 9.9% annualized return

Some of the largest positions:

• Global X Canadian Select Universe Bond ETF – 25.8%
• Global X S&P 500 Index ETF – 21.8%
• Global X MSCI EAFE Index ETF – 15.7%

This is the last part in our series of All-in-One ETFs that target investors with different risk tolerances, including conservative, balanced, and growth. We think “All-in-One” ETFs are a decent alternative for investors to make investing decisions simple, efficient, and seamless.

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Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in the securities mentioned.