4-pin XLR (or dual 3-pin XLR) is the “gold standard” for professional (analog) applications. It also does the best at keeping each wire separate at all times. However, it is bulky.
The 4.4mm “Pentaconn” connector is smaller and nicer for consumer use. Its only downside, really, is that when plugging or unplugging it from a socket, the wrong connections may (briefly) come into contact. It’s best not to plug or unplug it while the socket is active. The same potential problem exists for all Tip/Ring/Sleeve designs though, not just 4.4mm Pentaconn balanced.