The main difference between the XBAL and VBAL is that XBAL is part of the iShares fund family and primarily consists of other iShares ETFs holding securities spanning Canadian, American and international markets, while VBAL is a Vanguard fund that holds other Vanguard ETFs comprised of equity and fixed income securities of Canadian, American and international companies.
While the compositions look different for both ETFs, they share a common investment objective:
To provide investors with exposure to a globally diversified equity and fixed income portfolio that offers both long-term capital growth and income generation.
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XBAL
Established in 2007, the iShares Core Balanced ETF Portfolio (XBAL) offers investors exposure to diverse asset classes and regions within a single package.
XBAL is comprised of equity and fixed income holdings.
Since inception, XBAL has offered 5.29% annualized growth, including 6.71% in the last 5 years and 5.64% in the last 10 years as of June 30, 2024.
VBAL
Established much more recently in 2018, the Vanguard Balanced ETF Portfolio (VBAL) is part of the Vanguard fund family and has assets under management of $2.88 billion as of July 19, 2024.
Similar to its counterpart XBAL, the ETF has all of its exposure in equities and fixed income, with a very small remaining balance held in cash.
Since its inception, VBAL has delivered 5.69% annualized growth, including 6.19% in the last 5 years as of June 30, 2024.
Performance: XBAL vs. VBAL
XBAL Annualized Performance as of June 30, 2024:
- 1-Year: 13.16%
- 3-Year: 3.99%
- 5-Year: 6.71%
- Since Inception: 5.29%
VBAL Annualized Performance as of June 30, 2024:
- 1-Year: 12.38%
- 3-Year: 3.44%
- 5-Year: 6.19%
- Since Inception: 5.69%
Fees
XBAL has a Management Expense Ratio (MER) of 0.20% which is largely comprised of its 0.18% management fee.
VBAL has a Management Expense Ratio (MER) of 0.24% which is largely comprised of its 0.22% management fee.
Holdings
Below are the top holdings within both XBAL and VBAL:
XBAL:
- iShares Core S&P Total US Stock (27.84%)
- iShares Core Canadian Universe Bond Index ETF (25.06%)
- iShares S&P/TSX Capped Composite (14.92%)
- iShares MSCI EAFE IMI Index (14.80%)
- iShares Core Canadian Short Term Corporate Bond Index (6.25%)
- iShares US Treasury Bond ETF (3.94%)
- iShares Broad USD Investment Grade Corporate Bond Index (3.93%)
- iShares Core MSCI Emerging Markets IMI Index ETF (3.10%)
- USD Cash (0.11%)
- CAD Cash (0.05%)
As of July 18, 2024
VBAL:
- Vanguard US Total Market Index ETF (27.51%)
- Vanguard Canadian Aggregate Bond Index ETF (23.44%)
- Vanguard FTSE Canada All Cap Index ETF (17.47%)
- Vanguard FTSE Developed All Cap ex North America Index ETF (10.70%)
- Vanguard Global ex-US Aggregate Bond Index ETF CAD-Hedged (8.18%)
- Vanguard US Aggregate Bond Index ETF CAD-Hedged (7.88%)
- Vanguard FTSE Emerging Markets All Cap Index ETF (4.31%)
As of June 30, 2024
