Best All-in-One ETFs in Canada 2022: Build Diversified Portfolios Fast

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If you’re looking to build a low-cost diversified portfolio without the stress and time commitment of individual stocks and ETFs, an all-in-one ETF could be your best option.

With a single purchase of an all-in-one ETF, you get access to a number of underlying ETFs that hold thousands of individual stocks and bonds. As a result, you can easily save costs and minimize risk compared to investing in individual ETFs or mutual funds. 

While there’s no shortage of all-in-one ETFs in Canada, choosing the best one could be a difficult task. In this post, I have done the hard job for you by identifying the best all-in-one ETFs in Canada that are offered by ETF issuers including Vanguard, iShares, BMO and Horizons. 

In the end, you should be able to decide for yourself which of the best all-in-one ETFs in Canada is perfect for you.


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What is an All-in-One ETF and How Does it Work?

An all-in-one ETF, also known as a fund-of-funds or asset allocation ETF, is an ETF with a collection of underlying ETFs that are targeted toward achieving a particular investment objective.

Instead of investing in several individual stocks or ETFs to get a diversified exposure, an all-in-one ETF gives you access to a portfolio that is not just diversified across different asset classes but one that is automatically rebalanced for you at regular intervals.

Besides helping you reduce investment costs, an all-in-one ETF also helps you achieve greater diversification, reduce portfolio risk, and save time on rebalancing.

To start investing an all-in-one ETF, simply determine your investment objective and risk tolerance and decide on an asset allocation that matches your need. From there, you can easily determine the best asset allocation ETF portfolio for you and start investing in it. 

Whether you have a low/high-risk tolerance or little/higher investment experience, you may find all-in-one ETFs perfect because of their ease of use, cost-saving and diversification. 


Overview of the Best All-in-One ETFs in Canada

The table below provides an overview of the best all-in-one ETFs in Canada from Vanguard, iShares, BMO and Horizons.

ETF ProviderAll-in-one ETFs
VanguardVanguard Conservative ETF Portfolio (VCNS)
Vanguard Conservative Income ETF Portfolio (VCIP)
Vanguard Balanced ETF Portfolio (VBAL)
Vanguard Growth ETF Portfolio (VGRO)
Vanguard All-Equity ETF Portfolio (VEQT)
Vanguard Retirement Income ETF Portfolio (VRIF)
iSharesiShares Core Conservative Balanced ETF Portfolio (XCNS)
iShares Core Balanced ETF Portfolio (XBAL)
iShares Core Growth ETF Portfolio (XGRO)
iShares Core ETF Portfolio (XEQT)
BMOBMO Conservative ETF (ZCON)
BMO Balanced ESG ETF (ZESG)
BMO Balanced ETF (ZBAL)
BMO Growth ETF (ZGRO)
BMO All-equity ETF Portfolio (ZEQT)
BMO Monthly Income ETF (ZMI)
HorizonsHorizons Conservative Tri ETF Portfolio (HCON)
Horizons Balanced Tri ETF Portfolio (HBAL)
Horizons Growth Tri ETF Portfolio (HGRO)
FidelityFidelity All-in-One Conservative ETF (FCNS)
Fidelity All-in-One Balanced ETF (FBAL)
Fidelity All-in-One Growth ETF (FGRO)
Fidelity All-in-One Equity ETF (FEQT)

What is the Best all-in-one ETF in Canada? 

The fact is that there’s no single best all-in-one ETF in Canada as different all-in-one ETFs have different investment objectives, risk levels and asset allocations.

What is currently available is a range of best all-in-one ETFs from different providers, such as Vanguard, iShares, BMO and Horizons.

The following is a detailed look at each of the best all-in-one ETFs in Canada. 


Vanguard All-in-One ETFs

Vanguard all-in-one ETFs in Canada are US-weighted ETFs that distinguished themselves for their competitive returns and multiple underlying holdings.

As of the time of writing, Vanguard has the following range of all-in-one ETFs in Canada.

  • Vanguard Conservative ETF Portfolio (VCNS)
  • Vanguard Conservative Income ETF Portfolio (VCIP)
  • Vanguard Balanced ETF Portfolio (VBAL)
  • Vanguard Growth ETF Portfolio (VGRO)
  • Vanguard Retirement Income ETF Portfolio (VRIF)
  • Vanguard All-Equity ETF Portfolio (VEQT)

A detailed view of each of these Vanguard all-in-one ETFs is provided below.

1. Vanguard Conservative ETF Portfolio (VCNS)

Launched inJanuary 25, 2018
Target Asset allocation60% bonds; 40% stocks
# of underlying holdings30,938
Management fee0.22%
MER0.24%
Dividend yield2.54%
Distribution frequencyQuarterly
Risk levelLow

The Vanguard Conservative ETF Portfolio is traded on the Toronto Stock Exchange with the ticker symbol “VCNS”.  

The portfolio seeks to achieve a mix of income and a level of moderate long-term capital growth by investing in equity (40%) and fixed income securities (60%).

With large allocations weighted towards the US, the VCNS ETF had an annual average return of +3.13% since its inception (January 25, 2018). This is a decent return for investors looking for less exposure to equities.

2. Vanguard Conservative Income ETF Portfolio (VCIP)

Launched inJanuary 29, 2019
Target Asset allocation80% bonds, 20% stocks
# of underlying holdings30,938
Management fee0.22%
MER0.24%
Dividend yield2.46%
Distribution frequencyQuarterly
Risk levelLow

The Vanguard Conservative Income ETF (VCIP) is low-risk all-in-one ETF portfolio with 80% of its assets allocated to fixed income (i.e. bond) and 20% allocation on equity.

With this allocation, VCIP seeks to provide investors with a mix of income and long-term capital growth using over 31,000 underlying securities.

As of July 31, 2022, VCIP has returned +2.22% annually to investors since its inception (January 29, 2019). Considering the asset allocation and risk level of the portfolio, that’s an impressive return. 

3. Vanguard Balanced ETF Portfolio (VBAL)

Launched inJanuary 25, 2018
Target Asset allocation60% stocks, 40% bonds
# underlying holdings30,938
Management fee0.22%
MER0.24%
Dividend yield2.51%
Distribution frequencyQuarterly
Risk levelLow to medium

The Vanguard Balanced ETF Portfolio is also traded on the Toronto Stock Exchange with the ticker symbol “VBAL”. 

The investment objective of this portfolio is to provide investors with long-term capital growth plus a moderate income.

As a result, VBAL invests most parts of its funds in stocks and bonds, making it have a low-medium risk level. 

Compared to other all-in-one balanced ETF portfolios in Canada, VBAL has provided competitive returns of +4.26% since its inception (as of July 31, 2022).

Learn more: VBAL Review

4. Vanguard Growth ETF Portfolio (VGRO)

Launched inJanuary 25, 2018
Target Asset allocation80% stocks, 20% bonds
# of underlying holdings30,938
Management fee0.22%
MER0.24%
Dividend yield2.47%
Distribution frequencyQuarterly
Risk levelLow to medium

The Vanguard Growth ETF Portfolio (VGRO) was launched on January 25, 2018, to offer long-term capital growth by investing in stocks and bonds. 

With large parts of its funds invested in the US market, VGRO offers investors greater exposure through its over 31k underlying securities.

As of July 31, 2022, VGRO has provided + 5.33% annualized returns since its inception. This is relatively high compared to the returns of similar portfolios in Canada.

Learn more: VGRO Review

5. Vanguard Retirement Income ETF Portfolio (VRIF)

Launched inSeptember 09, 2020
Target Asset allocation50% stocks, 50% bonds
# of underlying holdings31,624
Management fee0.29%
MER0.32%
Dividend yield4.57%
Distribution frequencyMonthly
Risk levelLow to medium

Are you looking to invest your funds in a retirement-based all-in-one ETF? You could achieve consistent return and capital appreciation through the Vanguard Retirement Income Income ETF Portfolio (VRIF).

With monthly dividend distribution and equal allocation on stocks and bonds, this could be the safe portfolio you need to make the best of your retirement income. 

The VRIF portfolio has returned +1.47% annualized to investors since its inception as of July 31, 2022. This is an impressive return considering the portfolio’s assets allocation.

6. Vanguard All-Equity ETF Portfolio (VEQT)

Launched inJanuary 29, 2019
Target Asset allocation100% stocks
# of underlying holdings13,586
Management fee0.22%
MER0.24%
Dividend yield1.58%
Distribution frequencyAnnually
Risk levelMedium

Do you have a high tolerance for enduring the ups and downs of the stock market? The Vanguard All-Equity ETF Portfolio (VEQT) could be your best option.

Even though the portfolio claims to have a “medium” risk level, you need to have a high-risk tolerance because it invests almost 100% of its funds in stocks.  

With this allocation, VEQT has returned +9.16% annually to investors since its inception (as of July 31, 2022). This is one of the highest returns you would find on a similar portfolio in Canada. 

Learn more: VEQT Review

Is the Vanguard All-in-One ETF For You?

Judging from the above analysis, it’s obvious that the Vanguard all-in-one ETFs are perfect for investors looking for: 

  • Competitive returns
  • Greater diversification 
  • Low minimum investment amount
  • Portfolios weighted towards the US markets

But if you’re concerned about management fees, MERs, registered plans, and dividend yield, you may want to look elsewhere as Vanguard all-in-one ETFs score low in those aspects. 


iShares All-in-One ETFs

The iShares all-in-one ETFs are provided and managed by BlackRock Canada. As of the time of writing, some of the best BlackRock all-in-one ETFs are:

  • iShares Core Conservative Balanced ETF Portfolio (XCNS)
  • iShares Core Balanced ETF Portfolio (XBAL)
  • iShares Core Growth ETF Portfolio (XGRO)
  • iShares Core ETF Portfolio (XEQT)

The interesting thing about the iShares all-in-one ETFs is that they have low management fees and MER, above-average returns and are eligible for registered plans. 

An explanation of each of the iShares all-in-one ETFs is provided below.

1. iShares Core Conservative Balanced ETF Portfolio (XCNS)

Launched inAugust 7, 2019
Target Asset allocation60% fixed income, 40% equity
# of underlying holdings20,594
Management fee0.18%
MER0.20%
Dividend yield2.83%
Distribution frequencyQuarterly
Risk levelLow

The iShares Core Conservative Balanced ETF Portfolio (XCNS) is a low-risk portfolio with major allocation to Canadian bonds and US stocks. 

With these allocations, XCNS seeks to provide investors with long-term capital growth and income.

As of July 31, 2022, XCNS has provided 3.05% average annualized returns since inception.

2. iShares Core Balanced ETF Portfolio (XBAL)

Launched inJune 21, 2007
Target Asset allocation60% equity, 40% fixed income
# of underlying holdings20,594
Management fee0.18%
MER0.20%
Dividend yield2.92%
Distribution frequencyQuarterly
Risk levelLow to medium

The iShares Core Balanced ETF Portfolio (XBAL) also seeks to provide investors with long-term capital growth and income appreciation.

To this end, the portfolio invests most of its funds in US equities and Canadian bonds. 

As of July 31, 2022, XBAL has provided 4.72% average returns since inception. XBAL has one of the highest returns on balanced ETF portfolios in Canada.

Learn more: XBAL vs VBAL

3. iShares Core Growth ETF Portfolio (XGRO)

Launched inJune 21, 2007
Target Asset allocation80% equity, 20% fixed income
# of underlying holdings20,594
Management fee0.18%
MER0.20%
Dividend yield2.99%
Distribution frequencyQuarterly
Risk levelLow to medium

iShares Core Growth ETF Portfolio (XGRO) invests in US equities and Canadian bonds in order to provide investors with long-term capital growth.

With these allocations, the portfolio was able to provide an average return of 3.75% since its inception (as of July 31, 2022).

Learn more: XGRO Review

4. iShares Core Equity ETF Portfolio (XEQT)

Launched inAugust 7, 2019
Target Asset allocation100% equity
# of underlying holdings9,629
Management fee0.18%
MER0.20%
Dividend yield3.09%
Distribution frequencyQuarterly
Risk levelLow to medium

The iShares All-Equity ETF Portfolio (XEQT) invests in US equities with the aim of providing investors with long-term capital growth.

As of July 31, 2022, XEQT has returned 8.70% average returns since its inception on August 7, 2019.

Is the iShares All-in-One ETF For You? 

From the above review, is it safe to say that the iShares all-in-one ETFs are perfect for investors looking for: 

  • All-in-one ETF portfolios with low management fees and MERs
  • Above-average returns
  • Multiple underlying holdings
  • All-in-one ETF portfolios with US equities or Canadian bonds
  • Access to registered plans

BMO All-in-One ETFs 

The BMO all-in-one ETFs are distinguish themselves with their competitive returns and dividend yields, low management fees and MERs.

Like Vanguard, BMO also has six all-in-one ETFs in Canada with varying allocation to equities and fixed income assets. They include: 

  • BMO Conservative ETF (ZCON)
  • BMO Balanced ESG ETF (ZESG)
  • BMO Balanced ETF (ZBAL)
  • BMO Growth ETF (ZGRO)
  • BMO Monthly Income ETF (ZMI)
  • BMO All-equity ETF Portfolio (ZEQT)

1. BMO Conservative ETF (ZCON)

Launched inFebruary 15, 2019
Target Asset allocation60% fixed income, 40% equities
# of underlying ETF holdings10
Management fee0.18%
MER0.20%
Dividend yield2.82%
Distribution frequencyQuarterly
Risk levelLow

BMO Conservative ETF (ZCON) invests in Canadian stocks and equities toward offering long-term income and moderate capital appreciation.

The portfolio was introduced on February 15, 2019, so it is relatively new with short performance history. That said, ZCON has provided a 3.71% annualized return since inception (as of July 29, 2022).

2. BMO Balanced ESG ETF (ZESG)

Launched inJanuary 16, 2020
Target Asset allocation60% stock, 40% fixed income
# of underlying ETF holdings7
Management fee0.18%
MER0.20%
Dividend yield2.34%
Distribution frequencyQuarterly
Risk levelLow to medium

BMO Balanced ESG ETF (ZESG) portfolio is a balanced portfolio with a low-medium risk level that seeks to offer long-term moderate capital appreciation and income.

With most of its funds invested in Canadian stocks and fixed income, ZESG has provided 2.97% annualized returns since its inception (as of July 29, 2022).

3. BMO Balanced ETF (ZBAL)

Launched inFebruary 15, 2019
Target Asset allocation60% stock, 40% fixed income
# of underlying ETF holdings10
Management fee0.18%
MER0.20%
Dividend yield2.64%
Distribution frequencyQuarterly
Risk levelLow to medium

The BMO Balanced ETF portfolio (ZBAL) is a standard balanced portfolio that seeks to provide investors with long-term capital appreciation and income.

To this end, ZBAL invests large parts of its funds in Canadian stocks and fixed income through 10 underlying ETFs. 

With these allocations, ZBAL was able to offer a 5.35% annualized return to investors since its inception (as of July 29, 2022).

Learn more: ZBAL Review

4. BMO Growth ETF (ZGRO)

Launched inFebruary 15, 2019
Target Asset allocation80% stock, 20% fixed income
# of underlying ETF holdings10
Management fee0.18%
MER0.20%
Dividend yield2.47%
Distribution frequencyQuarterly
Risk levelLow to medium

Are you looking for a Canadian-weighted growth ETF portfolio? The BMO Growth ETF (ZGRO) has you covered with 10 underlying ETFs. 

ZGRO helps you achieve long-term capital appreciation by exposing your funds to global equity and fixed income ETFs.

As of July 29, 2022, ZGRO has provided 6.97% annualized investment returns to investors since its inception (February 15, 2019).

Learn more: ZGRO Review

5. BMO Monthly Income ETF (ZMI)

Launched inJanuary 28, 2011
Target Asset allocation60% stock, 40% fixed income
# of underlying ETF holdings9
Management fee0.18%
MER0.20%
Dividend yield4.51%
Distribution frequencyMonthly
Risk levelLow to medium

If you’re looking for an income ETF portfolio with monthly dividend distribution, you can’t make the wrong choice with the BMO Monthly Income ETF (ZMI).

This portfolio seeks to provide monthly cash distributions and moderate long-term capital appreciation by investing in stocks and fixed income securities.

As of July 31, 2022, ZMI has provided a decent annualized return of 4.92% to its investors since inception.

6. BMO All-Equity ETF Portfolio (ZEQT)

Launched inJanuary 17, 2022
Target Asset allocation100% stock
# of underlying ETF holdings7
Management fee0.20%
MER0.18%
Dividend yield2.31%
Distribution frequencyQuarterly
Risk levelMedium

The BMO All-Equity ETF Portfolio (ZEQT) was launched recently on January 17, 2022, to provide investors with equity growth and long-term capital appreciation.

To this end, the portfolio invests in global equity ETFs with major exposure to the US stock market.

While this portfolio has not yet provided a return, its asset allocation and limited underlying ETFs make it riskier than the all-equity ETF portfolios of Vanguard and iShares.

Learn more: ZEQT Review

Is the BMO All-in-One ETF For You?

One of the BMO all-in-one ETFs could be your perfect choice if you’re looking for a portfolio with:  

  • Home bias to the Canadian economy
  • Competitive returns and dividend yields
  • Low management fees and MERs
  • Eligibility for registered plans

Horizons All-in-One ETFs

Unlike Vanguard, iShares and BMO, Horizons offer a limited number of all-in-one ETFs with only 3 choices at the moment.

The 3 available Horizons all-in-one ETFs are highlighted below.

  • Horizons Conservative Tri ETF Portfolio (HCON)
  • Horizons Balanced Tri ETF Portfolio (HBAL)
  • Horizons Growth Tri ETF Portfolio (HGRO)

However, the Horizons all-in-one ETFs distinguished themselves for their low management expense ratios (MERs).

1. Horizons Conservative Tri ETF Portfolio (HCON)

Launched inAugust 01, 2018
Target Asset allocation50% equity and 50% fixed income 
Management feeVaries
MER0.15%
Dividend yield0.09%
Distribution frequencyAnnually
Risk level

The Horizons Conservative Tri ETF Portfolio (HCON) helps you achieve moderate long-term capital growth by investing in approximately 50% stocks and 50% fixed income through 8 underlying Horizons ETFs.

While the ETF has a low estimated annualized yield of 0.09%, it offered a competitive annualized return of 5.33% since inception (as of July 31, 2022).

2. Horizons Balanced Tri ETF Portfolio (HBAL)

Launched inAugust 01, 2018
Target Asset allocation70% equity allocation and 30% fixed income 
Management feeVaries
MER0.16%
Dividend yield0.06%
Distribution frequencyAnnually
Risk level

The Horizons Balanced Tri ETF Portfolio (HBAL) is a balanced portfolio that also seeks to provide long-term capital growth.

To this end, the portfolio targets approximately 70% equity and 30% fixed income allocation. As of July 31, 2022, HBAL has provided annualized returns of 6.57% since its inception on August 1, 2018.

3. Horizons Growth Tri ETF Portfolio (HGRO)

Launched inSeptember 13, 2019
Target Asset allocation100% equity 
# of underlying holdings7
Management feeVaries
MER0.16%
Dividend yield
Distribution frequencyAnnually
Risk level

The Horizons Growth Tri ETF Portfolio (HGRO) is the last but not the least best all-in-one ETFs in Canada on my list.

This ETF seeks to provide long-term capital growth by investing 100% equity through six underlying holding ETFs.

Compared to the growth portfolios of Vanguard, iShares and BMO that hold 20% fixed income securities, the Horizons Growth portfolio poses more risk because it is fully invested in equities. But it makes up for the risk with a higher annualized return of 10.05% since inception (as of July 31, 2022).

Is the Horizons All-in-One ETF For You?

Judging from the above review, it’s obvious that the Horizons all-in-one ETFs are more suitable for investors looking for a portfolio with low MER and eligibility for registered plans.

On the other hand, you may not find the Horizons all-in-one ETFs perfect if you’re looking for a portfolio with:

  • High returns and dividend yields
  • Monthly or quarterly dividend distribution
  • Greater diversification or more choice in the available asset allocation

Fidelity All-in-One ETFs 

Fidelity all-in-one ETFs are unique portfolios that invest in equity and fixed income with variable allocations on cryptocurrencies. The following are the current Fidelity all-in-one ETFs that are traded on the NEO Exchange:

  • Fidelity All-in-One Conservative ETF (FCNS)
  • Fidelity All-in-One Balanced ETF (FBAL)
  • Fidelity All-in-One Growth ETF (FGRO)
  • Fidelity All-in-One Equity ETF (FEQT)

The following is a detailed review of each of the above ETFs.

1. Fidelity All-in-One Conservative ETF (FCNS)

Launched inJanuary 20, 2022
Assets allocation59% fixed income, 40% equity and 1% crypto
Management feeVariable
MER0.37%
Dividend yieldN/A
Distribution frequencyAnnually
Risk levelLow to medium

The Fidelity All-in-One Conservative ETF (FCNS) is a new portfolio that was launched in January 2022 to offer capital growth by investing in fixed income, equity and cryptocurrencies.

As a new portfolio, FCNS has not provided returns and dividend yield data yet. With no information about its MER and underlying holdings, FCNS could be riskier than similar portfolios.

Notwithstanding, the portfolio is worth checking out if you’re looking for a conservative ETF with a mix of equity, fixed income and crypto.  

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

Launched inJanuary 21, 2021
Assets allocation59% equity, 39% fixed income and 2% crypto
# of underlying holdings965
Management feeVariable
MER0.38%
Dividend yield0.11%
Distribution frequencyAnnually
Risk levelLow to medium

The Fidelity All-in-One Balanced ETF (FBAL) is a balanced ETF that seeks to provide medium-long-term capital growth by investing in global equity, fixed income and cryptocurrencies.

The 2% crypto allocation of FBAL make it slightly riskier than other balanced ETF portfolios in Canada. But the crypto allocation is welcome for investors who would rather hold crypto in a single portfolio with other asset classes.

Besides the high risk, the portfolio also has a low dividend yield and high management expense ratio compared to similar portfolios.

Nevertheless, you may find FBAL worthwhile if you’re looking for a balanced portfolio with competitive returns and you can handle the ups and downs of stocks and cryptocurrencies.

3. Fidelity All-in-One Growth ETF (FGRO)

Launched inJanuary 21, 2022
Assets allocationEquity 82%, 15% fixed income and 3% crypto
# of underlying holdings965
Management feeVariable
MER0.39%
Dividend yield0.10%
Distribution frequencyAnnually
Risk levelMedium

Are you looking for a growth ETF portfolio with a higher allocation to equity with some fixed income and cryptocurrencies? The Fidelity All-in-One Growth ETF (FGRO) got you covered. 

As a new growth portfolio, FGRO invests 82% of funds in equity, 15% in fixed income and 3% in cryptocurrencies. This makes it riskier than other growth ETF portfolios in Canada. 

In addition, FGRO has a low dividend yield and high MER compared to other growth ETF portfolios in Canada.

Overall, the following is worth checking out if you’re looking for a crypto-supported growth ETF that’s weighted toward US equities and Canadian bonds.

4. Fidelity All-in-One Equity ETF (FEQT)

Launched inJanuary 20, 2022
Assets allocation97% equity and 3% crypto 
Management feeVariable
MERN/A
Dividend yield0.41%
Distribution frequencyAnnually
Risk levelMedium

The Fidelity All-in-One Equity ETF (FEQT) is also a new portfolio having been launched in January 2022. As a result, the portfolio has not yet provided dividend yield and performance.

Unlike other all-equity ETFs in Canada, FEQT provides exposure to both equity and cryptocurrencies.

With 97% equity allocation and 3% crypto allocation, you can expect more risk on FEQT than on similar portfolios.

Is the Fidelity All-in-one ETF For You?

From the above review, it’s obvious that the Fidelity All-in-One ETFs are more suitable for investors looking for:

  • Portfolios with exposure to equity, fixed income and cryptocurrencies
  • All-in-one ETF portfolios with home bias 

If you fall under any of the above categories, you can’t make the wrong choice with the Fidelity All-in-One ETFs.

RELATED: Best S&P 500 ETFs in Canada 


How to Buy an All-in-One ETF in Canada 

After choosing from the above best all-in-one ETFs in Canada, the next step is to buy the ETF. But how do you go about that? 

You may find it confusing how to buy an all-in-one ETF in Canada especially if you’re a beginner. But that shouldn’t be the case!

Many of the best self-directed brokerages in Canada will let you buy any of the asset allocation ETFs online. In fact, some of them support commission-free trading of ETFs.

Some of the best places to buy all-in-one ETFs in Canada are:

  • Self-directed brokerage: A self-directed brokerage is a medium where you buy and sell securities. If you can handle the investing and rebalancing yourself, then you can save costs by investing through one of the best discount brokerages out there (such as Wealthsimple Trade or Questrade).

Alternatives to All-in-One ETFs

Even though asset allocation ETFs make it simple and effortless for anyone to quickly build a diversified portfolio, they are not for everyong.

If you’d rather leave all the portfolio management tasks to professionals, here are some of the best alternatives to all-in-one ETFs in Canada:

  • Robo-advisor: A robo-advisor is an automated investment platform that handles the whole investing for you. Your only job is to describe your personal information (including your risk tolerance, investment goal, time horizon etc,) and provide funds to the robo advisor. The robo advisor will take it from there and do the investing and portfolio rebalancing on your behalf. Examples of the best robo-advisors in Canada include Wealthsimple Invest and Questwealth Portfolios.
  • Mutual Funds: Another popular choice for hands-off investing in Canada is through mutual funds. The only drawback is that they typically have higher management fees compared to index funds and ETFs.
  • Financial advisor: Investing your funds through financial advisors is another alternative to all-in-one or asset allocation ETFs. But like mutual funds, their costs are higher than ETFs. However, if you’ll rather get personalized and unbiased recommendations, then working with a fee-only financial advisor is highly recommended.

Bottom Line on the Best All-in-One ETFs in Canada 

While there are different all-in-one ETFs to choose from in Canada, the best one depends on your investment objective, risk tolerance and needs.

From the above review, you can see how the various all-in-one ETFs differ in terms of investment objective, assets allocations, fees, returns, and risk tolerance.

These should be the center of your attention when evaluating which of them is suitable for you. 

The bottom line is that you can’t make the wrong choice with any of the above best all-in-one ETFs in Canada so far you choose the one that suits your needs.

But regardless of your risk tolerance and investment objective, I recommend you choose an all-in-one ETF with competitive returns and dividends, multiple underlying holdings and low fees.

Where do you go from here? Kindly let me know your favourite all-in-one ETF in the comment section.

Simon is a CPA by day and a Personal Finance Blogger by night. With over a decade experience in financial services, he's passionate about personal finance, investing and helping people take control of their financial life.

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