VS
When evaluating costs, FBAL features a management fee (MER) of 0.37%, compared to 0.28% for TBAL. Performance-wise, FBAL has returned 9.16% year-to-date with +$4 B in net flows, whereas TBAL is at 9.14% with +$182 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
FBAL
TBAL
| AuM | $10,567.83 M | $400.37 M |
| Management Fees | 0.37% | 0.28% |
| Exp. ratio | 0.41% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FBAL | +1.18% | +1.24% | +9.16% | +8.49% | +56.32% |
TBAL | +1.43% | +1.03% | +9.14% | +9.92% | +55.07% | |
| Flows | FBAL | +$290 M | +$867 M | +$3,654 M | +$4,808 M | +$8,955 M |
TBAL | +$6 M | +$27 M | +$182 M | +$233 M | +$331 M |
FBAL vs TBAL exposure
Countries
FBAL
Exposure data will be available soon
TBAL
Canada
58.22%
USA
25.59%
Other
16.19%
Sectors
FBAL
Exposure data will be available soon
TBAL
Finance
20.13%
Sovereign
14.22%
Technology
14.06%
Municipal
11.02%
Other
40.56%
As of October 16, 2026
Top 10 Holdings
FBAL
Exposure data will be available soon
TBAL
NVIDIA Corp.
1.92%
Apple, Inc.
1.70%
Royal Bank of Canada
1.50%
Microsoft Corp.
1.39%
The Toronto-Dominion Bank
1.05%
Amazon.com, Inc.
0.93%
Shopify, Inc.
0.92%
Alphabet, Inc.
0.74%
Broadcom Inc.
0.65%
Alphabet, Inc.
0.64%
Diversification
FBAL
Exposure data will be available soon
TBAL
Total weight of top 10 holdings out of 3,314 total
11.45%
Characteristics
Compare
FBAL
TBAL
| Provider | Fidelity | TD Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Equity, Fixed Income | Equity, Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 1.81% |
| Meets ESG criteria | No | No |
| Inception Date | January 12, 2021 | August 18, 2020 |
Frequently asked questions about FBAL and TBAL
Which ETF has performed better year to date: FBAL or TBAL?
As of October 16, 2026, FBAL has returned 9.16% year to date, while TBAL has returned 9.14%. FBAL is ahead on YTD performance.
Which ETF is larger by assets under management: FBAL or TBAL?
As of October 16, 2026, FBAL manages $10.57 B in assets, while TBAL manages $400.37 M. FBAL is the larger fund by AUM.
How are FBAL and TBAL managed?
FBAL is actively managed by Fidelity. It does not track an index. TBAL is actively managed by TD Asset Management. It does not track an index.
Which ETF is attracting more investor flows: FBAL or TBAL?
Year to date, FBAL has seen +$3,654.48 M in net flows, compared with +$182.43 M for TBAL. FBAL has attracted more net investor money so far.
How do the fees of FBAL and TBAL compare?
FBAL has an expense ratio of 0.41%, while TBAL has an expense ratio of 0.17%.
Recent articles about FBAL and TBAL
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