- ISIN
- US77957L3024
- CUSIP
- 77957L302
- Issuer
- T. Rowe Price
- Inception Date
- Jul 28, 1994
- Category
- Diversified Portfolio
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PRSIX Performance Chart
T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) is up 5.9% since the beginning of the year. PRSIX is currently trading at $22 per share. Investors who bought $1,000 worth of PRSIX shares 5 years ago would now be looking at an investment worth $1,272.
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Returns By Period
T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) has returned 5.89% so far this year and 14.29% over the past 12 months. Over the last ten years, PRSIX has returned 6.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
T. Rowe Price Spectrum Conservative Allocation Fund
- 1D
- 0.61%
- 1M
- 1.13%
- YTD
- 5.89%
- 6M
- 5.99%
- 1Y
- 14.29%
- 3Y*
- 10.65%
- 5Y*
- 4.93%
- 10Y*
- 6.89%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PRSIX Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 1996, PRSIX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Oct 2011 with a return of +6.8%, while the worst month was Oct 2008 at -11.0%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRSIX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +5.0%, while the worst single day was Mar 16, 2020 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.71% | 1.54% | -3.65% | 4.29% | 1.75% | 0.28% | 5.89% | ||||||
| 2025 | 1.83% | 0.65% | -1.28% | -0.15% | 2.18% | 2.18% | 0.39% | 1.75% | 1.69% | 0.85% | 0.61% | 0.67% | 11.91% |
| 2024 | 0.11% | 1.86% | 2.00% | -1.90% | 2.31% | 0.81% | 1.49% | 1.56% | 1.18% | -1.38% | 2.30% | -1.98% | 8.53% |
| 2023 | 4.12% | -1.71% | 1.50% | 0.89% | -0.66% | 2.23% | 1.58% | -1.23% | -2.34% | -1.40% | 5.06% | 3.66% | 11.97% |
| 2022 | -3.00% | -1.79% | 0.00% | -4.93% | -0.31% | -4.22% | 3.60% | -2.16% | -5.39% | 1.72% | 4.33% | -1.89% | -13.65% |
| 2021 | -0.05% | 1.30% | 0.74% | 2.29% | 0.58% | 0.62% | 0.58% | 1.15% | -1.83% | 1.78% | -1.53% | 1.31% | 7.07% |
Benchmark Metrics
T. Rowe Price Spectrum Conservative Allocation Fund has an annualized alpha of 3.16%, beta of 0.38, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since February 01, 1996.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (47.47%) than losses (44.20%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.16% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.38 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.16%
- Beta
- 0.38
- R²
- 0.86
- Upside Capture
- 47.47%
- Downside Capture
- 44.20%
Expense Ratio
PRSIX has an expense ratio of 0.36%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRSIX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.78 | +0.04 |
| Martin ratioReturn relative to average drawdown | 12.49 | 12.44 | +0.05 |
Dividends
Dividend History
T. Rowe Price Spectrum Conservative Allocation Fund provided a 6.84% dividend yield over the last twelve months, with an annual payout of $1.47 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.47 | $1.46 | $0.77 | $0.71 | $0.98 | $1.63 | $0.81 | $1.02 | $0.95 | $0.67 | $0.40 | $0.79 |
Dividend yield | 6.84% | 7.12% | 3.92% | 3.78% | 5.63% | 7.63% | 3.77% | 5.11% | 5.27% | 3.43% | 2.22% | 4.56% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Spectrum Conservative Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $1.08 | $1.46 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.38 | $0.77 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.34 | $0.71 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.75 | $0.98 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.44 | $1.63 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Spectrum Conservative Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Spectrum Conservative Allocation Fund was 30.00%, occurring on Mar 9, 2009. Recovery took 213 trading sessions.
The current T. Rowe Price Spectrum Conservative Allocation Fund drawdown is 0.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -30.00%Mar 2009 | 1y 4mo | 10mo 8d | 2y 2moNov 2007 - Jan 2010 |
COVID crash2020 | -19.28%Mar 2020 | 1mo 2d | 4mo 1d | 5mo 3dFeb 2020 - Jul 2020 |
Bear market2022 | -18.69%Oct 2022 | 11mo 1d | 1y 7mo | 2y 6moNov 2021 - May 2024 |
Dot-com crash2000–2002 | -11.95%Oct 2002 | 5mo 20d | 7mo 5d | 1y 20dApr 2002 - May 2003 |
2011 correction2011 | -10.88%Oct 2011 | 2mo 27d | 4mo 3d | 7moJul 2011 - Feb 2012 |
Drawdown Indicators
| PRSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.00% | -56.78% | +26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -9.10% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | -18.90% | +12.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.69% | -25.43% | +6.74% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -33.92% | +14.64% |
Current DrawdownCurrent decline from peak | -0.05% | -1.80% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -10.71% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.03% | -0.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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