Low Duration — Short Horizon

Low DurationLow Duration

20% Equity / 72% Fixed Income · Blend implementation · Last reviewed 2026-05-14

Ask T. Rowe Price
ActiveConstruction v19Jan 2016Jul 2026Benchmark: 1–3 Year Government/Credit Index

AI insights

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

Volatility

4.0%

Annualized standard deviation

Max drawdown

-12.6%

Peak to trough

Sharpe ratio

0.20

2.4% risk-free rate

Equity exposure

20%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

3.2%2.6%

Standard deviation

Annualized volatility of monthly returns

4.0%4.0%

Sharpe ratio

Assumes a 2.4% risk-free rate

0.200.05

Max drawdown

Largest peak-to-trough decline

-12.6%-12.9%

Beta vs benchmark

Sensitivity to benchmark movements

0.991.00

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

    -10.8%

    Benchmark -11.4% · Model outperformed by 0.6 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -10.4%

    Benchmark -11.2% · Model outperformed by 0.8 pts

  • 2025 growth scare

    Feb 2025May 2025

    -4.4%

    Benchmark -4.9% · Model outperformed by 0.5 pts

Simulated stress results for illustration only.