Retirement Income — Conservative Income

IncomeIncome Models

30% Equity / 66% Fixed Income · Hybrid implementation · Last reviewed 2026-05-11

Ask T. Rowe Price
ActiveConstruction v19Jan 2016Jul 2026Benchmark: Diversified Income Composite

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Generate a briefing on positioning, performance, and risk for Retirement Income — Conservative Income.

Volatility

4.5%

Annualized standard deviation

Max drawdown

-14.5%

Peak to trough

Sharpe ratio

-0.06

2.4% risk-free rate

Equity exposure

30%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

2.1%1.6%

Standard deviation

Annualized volatility of monthly returns

4.5%4.5%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.06-0.19

Max drawdown

Largest peak-to-trough decline

-14.5%-14.4%

Beta vs benchmark

Sensitivity to benchmark movements

0.941.00

Tracking error

Dispersion of excess return

2.2%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -13.2%

    Benchmark -13.9% · Model outperformed by 0.7 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -11.6%

    Benchmark -12.5% · Model outperformed by 0.9 pts

  • 2025 growth scare

    Feb 2025May 2025

    -5.1%

    Benchmark -5.6% · Model outperformed by 0.5 pts

Simulated stress results for illustration only.