Dynamic Allocation — Defensive

DynamicDynamic Allocation

25% Equity / 67% Fixed Income · Blend ETF implementation · Last reviewed 2026-04-13

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ActiveConstruction v17Jan 2016Jul 2026Benchmark: Tactical Allocation Composite

AI insights

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Volatility

4.3%

Annualized standard deviation

Max drawdown

-14.3%

Peak to trough

Sharpe ratio

-0.12

2.4% risk-free rate

Equity exposure

25%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

1.9%1.5%

Standard deviation

Annualized volatility of monthly returns

4.3%4.3%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.12-0.21

Max drawdown

Largest peak-to-trough decline

-14.3%-14.3%

Beta vs benchmark

Sensitivity to benchmark movements

0.951.00

Tracking error

Dispersion of excess return

2.7%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -12.0%

    Benchmark -12.6% · Model outperformed by 0.6 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -11.0%

    Benchmark -11.8% · Model outperformed by 0.8 pts

  • 2025 growth scare

    Feb 2025May 2025

    -4.7%

    Benchmark -5.3% · Model outperformed by 0.6 pts

Simulated stress results for illustration only.