Target Allocation ETF — Balanced Income

Target AllocationTarget Allocation ETF

40% Equity / 58% Fixed Income · ETF implementation · Last reviewed 2026-06-18

Ask T. Rowe Price
ActiveConstruction v12Jan 2016Jul 2026Benchmark: Blended Global ETF Composite

AI insights

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

Volatility

5.1%

Annualized standard deviation

Max drawdown

-15.5%

Peak to trough

Sharpe ratio

0.25

2.4% risk-free rate

Equity exposure

40%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

3.7%3.1%

Standard deviation

Annualized volatility of monthly returns

5.1%5.1%

Sharpe ratio

Assumes a 2.4% risk-free rate

0.250.15

Max drawdown

Largest peak-to-trough decline

-15.5%-15.6%

Beta vs benchmark

Sensitivity to benchmark movements

1.051.00

Tracking error

Dispersion of excess return

1.8%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -15.6%

    Benchmark -16.4% · Model outperformed by 0.8 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -12.8%

    Benchmark -13.8% · Model outperformed by 1.0 pts

  • 2025 growth scare

    Feb 2025May 2025

    -5.8%

    Benchmark -6.4% · Model outperformed by 0.6 pts

Simulated stress results for illustration only.