Dynamic Allocation — Conservative

DynamicDynamic Allocation

40% Equity / 52% Fixed Income · Blend ETF implementation · Last reviewed 2026-05-14

Ask T. Rowe Price
ActiveConstruction v8Jan 2016Jul 2026Benchmark: Tactical Allocation Composite

AI insights

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Volatility

4.9%

Annualized standard deviation

Max drawdown

-16.1%

Peak to trough

Sharpe ratio

-0.09

2.4% risk-free rate

Equity exposure

40%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

2.0%1.1%

Standard deviation

Annualized volatility of monthly returns

4.9%4.9%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.09-0.26

Max drawdown

Largest peak-to-trough decline

-16.1%-16.6%

Beta vs benchmark

Sensitivity to benchmark movements

1.041.00

Tracking error

Dispersion of excess return

1.6%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -15.6%

    Benchmark -16.4% · Model outperformed by 0.8 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -12.8%

    Benchmark -13.8% · Model outperformed by 1.0 pts

  • 2025 growth scare

    Feb 2025May 2025

    -5.8%

    Benchmark -6.4% · Model outperformed by 0.6 pts

Simulated stress results for illustration only.