Target Allocation ETF — Moderate Growth

Target AllocationTarget Allocation ETF

80% Equity / 18% Fixed Income · ETF implementation · Last reviewed 2026-03-12

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

AI insights

Generate a briefing on positioning, performance, and risk for Target Allocation ETF — Moderate Growth.

Volatility

6.5%

Annualized standard deviation

Max drawdown

-18.8%

Peak to trough

Sharpe ratio

0.32

2.4% risk-free rate

Equity exposure

80%

Strategic target

Risk statistics

Model versus benchmark, since inception

MeasureModelBench

Annualized return

Since inception, net of fund fees

4.5%3.8%

Standard deviation

Annualized volatility of monthly returns

6.5%6.5%

Sharpe ratio

Assumes a 2.4% risk-free rate

0.320.22

Max drawdown

Largest peak-to-trough decline

-18.8%-18.8%

Beta vs benchmark

Sensitivity to benchmark movements

1.011.00

Tracking error

Dispersion of excess return

2.3%0.0%

Historical drawdowns

How the model behaved through stress periods

  • COVID-19 selloff

    Jan 2020Mar 2020

    -25.2%

    Benchmark -26.4% · Model outperformed by 1.2 pts

  • 2022 rate shock

    Jan 2022Oct 2022

    -17.6%

    Benchmark -19.0% · Model outperformed by 1.4 pts

  • 2025 growth scare

    Feb 2025May 2025

    -8.6%

    Benchmark -9.4% · Model outperformed by 0.8 pts

Simulated stress results for illustration only.