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Welcome to the new RBC iShares digital experience.

Find all things ETFs here: investment strategies, products, insights and more.

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All-in-One ETFs, also known as Asset Allocation ETFs, are funds that provide exposure to major asset classes. Instead of buying multiple securities, investors can hold one ETF that combines Canadian, U.S., and international equities and bonds.

In this Q&A with Steven Leong, Head of Canada iShares and Product at BlackRock Canada, he explains what All-in-One ETFs are and how they can help build a strong, diversified portfolio.

What is asset allocation?

All-in-One ETFs can range along a spectrum from conservative to growth. As the equity allocation increases and fixed income allocation decreases, the portfolio’s risk and return potential generally rise.

Asset allocation is the process of deciding how much of your portfolio should be invested in equities (higher risk, higher potential return) versus bonds (lower risk, lower potential return). This decision, which can help form the foundation of a strong portfolio, should be based on your risk tolerance, time horizon, and investment goals.

what are all in one etfs chart1

Why does portfolio diversification matter?

Diversification is one of the best ways to seek a smoother investment experience. As an investor, it means spreading your money across a mix of investments. Why? Different types of investments tend to perform in different ways over time. When some are rising in value, others may be decreasing or maintaining their value. So diversification can help to smooth out your returns. 

What are the benefits of All-in-One ETFs?

  • Simplicity – For investors, these ETFs offer a simple way to access a diversified portfolio without managing multiple holdings. For advisors, they can use these solutions to streamline portfolio construction and focus more on client relationships and strategic planning.

  • Cost-efficiency – With exposure to thousands of securities across regions and asset classes, these ETFs deliver diversification at a low management expense ratio—often around 0.20%¹.

  • Automatic rebalancing – Automatic rebalancing ensures allocations remain aligned with the intended risk profile, reducing the need for manual oversight.

All-in-One ETFS - target asset allocations

what are all in one etfs chart2

For illustrative purposes only.

How do iShares All-in-One ETFs work?

It’s important for investors to choose a portfolio that matches their individual needs and risk tolerance. iShares All-in-One ETFs offer a suite of solutions with predefined risk profiles, providing a ready-made template so investors don’t need to build a portfolio from scratch.

Each ETF invests in several ETFs that provides stock or bond market exposure, according to a predefined mix:

  • Global Equity (XEQT) : 100% equities
  • Growth (XGRO): 80% equities / 20% bonds
  • Balanced (XBAL): 60% equities / 40% bonds
  • Conservative Balanced (XCNS): 40% equities / 60% bonds
  • Income Balanced (XINC): 20% equities / 80% bonds

These ETFs are automatically rebalanced on a regular basis, so the intended allocation stays on target without manual investor adjustments.

 

1Management Expense Ratio (MER): As reported in the fund's most recent Semi-Annual or Annual Management Report of Fund Performance. MER includes all management fees and GST/HST paid by the fund for the period, and includes the fund’s proportionate share of the MER, if any, of any underlying fund in which the fund has invested.

Additional Resources

Explore our ETF investment strategies..

How can we help?

The RBC iShares alliance offers an unparalleled breadth of ETF solutions, a commitment to exceptional service and top investment expertise located around the world.

Advisors: Contact your dedicated sales team and access portfolio resources – Login here.

Investors: Explore the different ways you can invest with ETFs.

Disclosure

Investing involves risk, including possible loss of principal.


The RBC iShares alliance includes RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited ("BlackRock Canada").


Commissions, trailing commissions, management fees and expenses all may be associated with investing in exchange-traded funds (ETFs). Please read the relevant prospectus and/or ETF Facts before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.


The information and opinions herein are provided for informational purposes only and should not be relied upon as the basis for your investment decisions.


® / TM Trademark(s) of Royal Bank of Canada. Used under licence. iSHARES is a registered trademark of BlackRock, Inc., or its affiliates. Used under licence. © 2026 BlackRock Asset Management Canada Limited and RBC Global Asset Management Inc. All rights reserved.

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