VS
When evaluating costs, FBAL features a management fee (MER) of 0.37%, compared to 0.22% for VBAL. Performance-wise, FBAL has returned 8.66% year-to-date with +$3 B in net flows, whereas VBAL is at 8.66% with +$1 B. 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
VBAL
| AuM | $10,131.99 M | $5,868.20 M |
| Management Fees | 0.37% | 0.22% |
| Exp. ratio | 0.41% | 0.24% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FBAL | -0.97% | +1.42% | +8.66% | +12.41% | +52.66% |
VBAL | -1.19% | +0.20% | +8.66% | +14.74% | +50.98% | |
| Flows | FBAL | +$293 M | +$1,002 M | +$3,267 M | +$4,937 M | +$8,611 M |
VBAL | +$119 M | +$403 M | +$1,096 M | +$1,521 M | +$2,221 M |
FBAL vs VBAL exposure
Countries
FBAL
Exposure data will be available soon
VBAL
Canada
40.45%
USA
33.62%
Other
25.93%
Sectors
FBAL
Exposure data will be available soon
VBAL
Finance
21.18%
Sovereign
16.68%
Technology
15.60%
Municipal
7.34%
Other
39.19%
As of September 2, 2026
Top 10 Holdings
FBAL
Exposure data will be available soon
VBAL
NVIDIA Corp.
1.75%
Apple, Inc.
1.72%
Royal Bank of Canada
1.53%
Microsoft Corp.
1.31%
The Toronto-Dominion Bank
1.05%
Amazon.com, Inc.
1.00%
Alphabet, Inc.
0.79%
Shopify, Inc.
0.75%
Broadcom Inc.
0.70%
Taiwan Semiconductor Manufacturing Co., Ltd.
0.69%
Diversification
FBAL
Exposure data will be available soon
VBAL
Total weight of top 10 holdings out of 33,826 total
11.27%
Characteristics
Compare
FBAL
VBAL
| Provider | Fidelity | Vanguard |
| 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% | 2.11% |
| Meets ESG criteria | No | No |
| Inception Date | January 12, 2021 | February 1, 2018 |
Frequently asked questions about FBAL and VBAL
Which ETF has performed better year to date: FBAL or VBAL?
As of September 2, 2026, FBAL has returned 8.66% year to date, while VBAL has returned 8.66%. VBAL is ahead on YTD performance.
Which ETF is larger by assets under management: FBAL or VBAL?
As of September 2, 2026, FBAL manages $10.13 B in assets, while VBAL manages $5.87 B. FBAL is the larger fund by AUM.
How are FBAL and VBAL managed?
FBAL is actively managed by Fidelity. It does not track an index. VBAL is actively managed by Vanguard. It does not track an index.
Which ETF is attracting more investor flows: FBAL or VBAL?
Year to date, FBAL has seen +$3,267.07 M in net flows, compared with +$1,095.99 M for VBAL. FBAL has attracted more net investor money so far.
How do the fees of FBAL and VBAL compare?
FBAL has an expense ratio of 0.41%, while VBAL has an expense ratio of 0.24%.
Recent articles about FBAL and VBAL
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