Dynamic Allocation — Balanced

DynamicDynamic Allocation

55% Equity / 37% Fixed Income · Blend ETF implementation · Last reviewed 2026-06-15

Ask T. Rowe Price
ActiveConstruction v15Jan 2016Jul 2026Benchmark: Tactical Allocation Composite

AI insights

Generate a briefing on positioning, performance, and risk for Dynamic Allocation — Balanced.

Volatility

5.4%

Annualized standard deviation

Max drawdown

-17.1%

Peak to trough

Sharpe ratio

-0.17

2.4% risk-free rate

Equity exposure

55%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

1.5%0.9%

Standard deviation

Annualized volatility of monthly returns

5.4%5.4%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.17-0.28

Max drawdown

Largest peak-to-trough decline

-17.1%-16.9%

Beta vs benchmark

Sensitivity to benchmark movements

1.041.00

Tracking error

Dispersion of excess return

2.0%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -19.2%

    Benchmark -20.2% · Model outperformed by 1.0 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -14.6%

    Benchmark -15.7% · Model outperformed by 1.1 pts

  • 2025 growth scare

    Feb 2025May 2025

    -6.8%

    Benchmark -7.5% · Model outperformed by 0.7 pts

Simulated stress results for illustration only.