Retirement Income — Income & Growth

IncomeIncome Models

50% Equity / 43% Fixed Income · Hybrid implementation · Last reviewed 2026-01-13

Ask T. Rowe Price
ActiveConstruction v20Jan 2016Jul 2026Benchmark: Diversified Income Composite

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

Volatility

5.6%

Annualized standard deviation

Max drawdown

-17.5%

Peak to trough

Sharpe ratio

-0.20

2.4% risk-free rate

Equity exposure

50%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

1.3%0.9%

Standard deviation

Annualized volatility of monthly returns

5.6%5.5%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.20-0.28

Max drawdown

Largest peak-to-trough decline

-17.5%-17.5%

Beta vs benchmark

Sensitivity to benchmark movements

0.991.00

Tracking error

Dispersion of excess return

2.3%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -18.0%

    Benchmark -18.9% · Model outperformed by 0.9 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -14.0%

    Benchmark -15.1% · Model outperformed by 1.1 pts

  • 2025 growth scare

    Feb 2025May 2025

    -6.5%

    Benchmark -7.1% · Model outperformed by 0.6 pts

Simulated stress results for illustration only.