Low Duration — Stability

Low DurationLow Duration

10% Equity / 80% Fixed Income · Blend implementation · Last reviewed 2026-04-13

Ask T. Rowe Price
ActiveConstruction v20Jan 2016Jul 2026Benchmark: 1–3 Year Government/Credit Index

AI insights

Generate a briefing on positioning, performance, and risk for Low Duration — Stability.

Volatility

3.6%

Annualized standard deviation

Max drawdown

-11.9%

Peak to trough

Sharpe ratio

-0.26

2.4% risk-free rate

Equity exposure

10%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

1.5%1.0%

Standard deviation

Annualized volatility of monthly returns

3.6%3.6%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.26-0.39

Max drawdown

Largest peak-to-trough decline

-11.9%-11.9%

Beta vs benchmark

Sensitivity to benchmark movements

1.051.00

Tracking error

Dispersion of excess return

2.8%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -8.4%

    Benchmark -8.9% · Model outperformed by 0.5 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -9.2%

    Benchmark -9.9% · Model outperformed by 0.7 pts

  • 2025 growth scare

    Feb 2025May 2025

    -3.7%

    Benchmark -4.1% · Model outperformed by 0.4 pts

Simulated stress results for illustration only.