Low Duration — Near-Term Growth

Low DurationLow Duration

30% Equity / 64% Fixed Income · Blend implementation · Last reviewed 2026-06-15

Ask T. Rowe Price
ActiveConstruction v9Jan 2016Jul 2026Benchmark: 1–3 Year Government/Credit Index

AI insights

Generate a briefing on positioning, performance, and risk for Low Duration — Near-Term Growth.

Volatility

4.7%

Annualized standard deviation

Max drawdown

-15.1%

Peak to trough

Sharpe ratio

-0.12

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

1.8%1.4%

Standard deviation

Annualized volatility of monthly returns

4.7%4.7%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.12-0.21

Max drawdown

Largest peak-to-trough decline

-15.1%-15.0%

Beta vs benchmark

Sensitivity to benchmark movements

1.001.00

Tracking error

Dispersion of excess return

3.0%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.