Target Allocation ETF — Conservative

Target AllocationTarget Allocation ETF

20% Equity / 78% Fixed Income · ETF implementation · Last reviewed 2026-04-16

Ask T. Rowe Price
ActiveConstruction v16Jan 2016Jul 2026Benchmark: Blended Global ETF Composite

AI insights

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Volatility

4.0%

Annualized standard deviation

Max drawdown

-13.0%

Peak to trough

Sharpe ratio

-0.16

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

1.8%1.3%

Standard deviation

Annualized volatility of monthly returns

4.0%4.0%

Sharpe ratio

Assumes a 2.4% risk-free rate

-0.16-0.28

Max drawdown

Largest peak-to-trough decline

-13.0%-13.1%

Beta vs benchmark

Sensitivity to benchmark movements

1.061.00

Tracking error

Dispersion of excess return

1.0%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.