Target Allocation Active — Moderately Conservative

Target AllocationTarget Allocation Active

30% Equity / 68% Fixed Income · Active implementation · Last reviewed 2026-03-12

Ask T. Rowe Price
ActiveConstruction v13Jan 2016Jul 2026Benchmark: Blended Global 60/40 Index

AI insights

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Volatility

4.6%

Annualized standard deviation

Max drawdown

-15.2%

Peak to trough

Sharpe ratio

-0.13

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%1.3%

Standard deviation

Annualized volatility of monthly returns

4.6%4.5%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.13-0.24

Max drawdown

Largest peak-to-trough decline

-15.2%-15.0%

Beta vs benchmark

Sensitivity to benchmark movements

0.971.00

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.