Target Allocation Blend — Balanced

Target AllocationTarget Allocation Blend

60% Equity / 38% Fixed Income · Blend implementation · Last reviewed 2026-06-12

Ask T. Rowe Price
ActiveConstruction v8Jan 2016Jul 2026Benchmark: Blended Global 60/40 Index

AI insights

Generate a briefing on positioning, performance, and risk for Target Allocation Blend — Balanced.

Volatility

5.5%

Annualized standard deviation

Max drawdown

-16.3%

Peak to trough

Sharpe ratio

0.22

2.4% risk-free rate

Equity exposure

60%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

3.6%3.1%

Standard deviation

Annualized volatility of monthly returns

5.5%5.5%

Sharpe ratio

Assumes a 2.4% risk-free rate

0.220.12

Max drawdown

Largest peak-to-trough decline

-16.3%-16.3%

Beta vs benchmark

Sensitivity to benchmark movements

0.991.00

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

    -20.4%

    Benchmark -21.4% · Model outperformed by 1.0 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -15.2%

    Benchmark -16.4% · Model outperformed by 1.2 pts

  • 2025 growth scare

    Feb 2025May 2025

    -7.2%

    Benchmark -7.9% · Model outperformed by 0.7 pts

Simulated stress results for illustration only.