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Mackenzie Balanced Allocation ETF (MBAL.TO) ETF Analysis

MBAL.TO

Expense ratio 0.18% Yield 2.04% Assets CA$247.64M Since September 29, 2020 Family Mackenzie Investments

Last Updated: October 21, 2026

CA$30.34

+CA$0.11 (+0.36%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MBAL.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+10.77%	+10.77%	CA$110.77	CA$332.31
3 years	+59.96%	+16.95%	CA$159.96	CA$479.89
5 years	+54.18%	+9.04%	CA$154.18	CA$462.53
Since September 29, 2020	+74.17%	+9.59%	CA$174.17	CA$522.51

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

MBAL.TO Return by Calendar Year

2020 and 2026 are partial years

−11.45%+17.62%+8.78%

2020*202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+8.78%
2025	+15.07%
2024	+17.62%
2023	+13.48%
2022	−11.45%
2021	+10.94%
2020 (partial year)	+6.11%

MBAL.TO Monthly Returns

−6%+6%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+0.9	+2.7	−3.5	+3.7	+3.2	+1.6	−1.0	+1.1	−0.4	+0.4	—	—
2025	+3.3	−0.5	−2.0	−1.6	+3.2	+1.8	+1.9	+2.0	+3.3	+1.8	+0.7	+0.5
2024	+0.7	+2.6	+2.1	−1.6	+2.0	+1.6	+2.7	+0.3	+2.6	+1.0	+2.4	+0.0
2023	+5.1	−1.9	+0.4	+3.2	−1.3	+1.6	+1.4	−0.2	−3.1	−0.7	+5.5	+3.1
2022	−4.3	−0.7	+0.9	−4.6	−1.1	−5.7	+3.0	+0.3	−3.1	+1.2	+5.0	−2.4
2021	−0.2	−0.2	+1.6	+2.0	−0.4	+1.4	+2.6	+2.3	−1.2	+0.5	+1.1	+1.0
2020	—	—	—	—	—	—	—	—	—	−1.2	+5.3	+2.1

Monthly total returns with dividends reinvested; each cell prints its signed value.

MBAL.TO Volatility & Risk

Volatility: 6 yrs · Beta: 3 yrs

Annualized volatility: 9.27%
Beta (3y): 1.14
Best year: +17.62%
Worst year: −11.45%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	QUU.TO	Mackenzie US Large Cap Equity ETF	27.6%
2	QBB.TO	Mackenzie Canadian Aggregate Bond ETF	22.8%
3	QCN.TO	Mackenzie Canadian Equity ETF	17.93%
4	QDX.TO	Mackenzie International Equity Idx ETF	11.88%
5	QUB.TO	Mackenzie U.S. Aggregate Bond ETF CADH	8.67%
6	QDXB.TO	Mackenzie Dvlpd ex-Nrth Am Agg Bd ETF	6.12%
7	QEE.TO	Mackenzie Emerging Markets Equity ETF	4.18%
8	QEBL.TO	Mackenzie Emerging Mkts Lcl Ccy Bd ETF	0.79%

Analysis

Data-derived

Fund Overview

Mackenzie Balanced Allocation ETF (MBAL.TO) is an exchange-traded fund. Total net assets stand at CA$247.64M. The expense ratio is 0.18%. On a CA$10,000 position that is CA$18.00 a year. The fund is issued by Mackenzie Investments. It has been trading since September 29, 2020.

The largest positions on file are Mackenzie US Large Cap Equity ETF (QUU.TO), Mackenzie Canadian Aggregate Bond ETF (QBB.TO), and Mackenzie Canadian Equity ETF (QCN.TO). Mackenzie US Large Cap Equity ETF alone accounts for 27.6% of the portfolio.

Performance Analysis

MBAL.TO last closed at CA$30.34 on October 21, 2026. The trailing one-year total return is +10.77%. Across 5 years the annualized return works out at +9.04%. The trailing distribution yield is 2.04%.

The strongest complete calendar year on file is 2024 at +17.62%; the weakest is 2022 at −11.45%. Of the 5 complete calendar years on file, 4 finished higher. 2026 is still running; the total return is +8.78% year to date.

Price & Risk Profile

Over the past 52 weeks the price has ranged from CA$27.62 to CA$30.92. The latest close sits 9.85% above that 52-week low. Daily returns over the trailing 6 years annualize to a volatility of 9.27%. Beta against the wider market is reported at 1.14. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

More Mackenzie Investments ETFs

QUU.TO

Mackenzie US Large Cap Equity Index ETF

CA$7.18B

QTLT.TO

Mackenzie US Government Long Bond Index ETF

CA$155.91M

QASH.TO

Mackenzie Canadian Ultra Short Bond Index ETF

CA$143.99M

QUB.TO

Mackenzie U.S. Aggregate Bond Index ETF (CAD-Hedged)

CA$122.85M

QDXB.TO

Mackenzie Developed ex-North America Aggregate Bond Index ETF (CAD-Hedged)

CA$87.72M

MGRW.TO

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CA$86.49M