- CUSIP
- 77954G207
- Issuer
- T. Rowe Price
- Inception Date
- Dec 17, 2015
- Region
- North America (U.S.)
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
RBAIX Performance Chart
T. Rowe Price Balanced Fund I Class (RBAIX) is up 6.7% since the beginning of the year. RBAIX is currently trading at $30 per share. Investors who bought $1,000 worth of RBAIX shares 5 years ago would now be looking at an investment worth $1,425.
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Returns By Period
T. Rowe Price Balanced Fund I Class (RBAIX) has returned 6.67% so far this year and 17.99% over the past 12 months. Over the last ten years, RBAIX has returned 9.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
T. Rowe Price Balanced Fund I Class
- 1D
- -0.13%
- 1M
- 2.03%
- YTD
- 6.67%
- 6M
- 7.64%
- 1Y
- 17.99%
- 3Y*
- 14.63%
- 5Y*
- 7.34%
- 10Y*
- 9.64%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
RBAIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, RBAIX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2020 with a return of +8.3%, while the worst month was Mar 2020 at -10.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, RBAIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.1%, while the worst single day was Mar 16, 2020 at -7.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.12% | 1.80% | -5.02% | 5.85% | 2.20% | -0.13% | 6.67% | ||||||
| 2025 | 2.70% | 0.63% | -2.17% | 0.23% | 3.32% | 3.06% | 0.39% | 2.35% | 2.25% | 1.02% | 0.84% | 0.64% | 16.23% |
| 2024 | 0.48% | 2.84% | 2.63% | -2.86% | 3.68% | 1.27% | 1.78% | 2.26% | 1.40% | -2.15% | 3.00% | -2.77% | 11.87% |
| 2023 | 5.76% | -2.68% | 2.79% | 1.75% | -0.46% | 3.52% | 2.22% | -1.65% | -3.44% | -2.13% | 7.21% | 4.54% | 18.12% |
| 2022 | -4.01% | -2.18% | 0.49% | -6.98% | 0.32% | -6.35% | 5.86% | -3.86% | -7.42% | 3.89% | 6.06% | -3.23% | -17.14% |
| 2021 | -0.62% | 2.11% | 1.70% | 3.50% | 0.97% | 0.85% | 1.26% | 1.88% | -2.97% | 3.44% | -1.78% | 2.58% | 13.45% |
Benchmark Metrics
T. Rowe Price Balanced Fund I Class has an annualized alpha of 0.94%, beta of 0.61, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.
- This fund participated in 70.52% of S&P 500 Index downside but only 63.32% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.61 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
- 0.94%
- Beta
- 0.61
- R²
- 0.90
- Upside Capture
- 63.32%
- Downside Capture
- 70.52%
Expense Ratio
RBAIX has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RBAIX ranks 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Balanced Fund I Class (RBAIX) and compare them to S&P 500 Index.
| RBAIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.24 | 2.39 | -0.15 |
Sortino ratioReturn per unit of downside risk | 3.22 | 3.25 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.11 | -0.50 |
Martin ratioReturn relative to average drawdown | 11.63 | 14.38 | -2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
T. Rowe Price Balanced Fund I Class provided a 7.07% dividend yield over the last twelve months, with an annual payout of $2.13 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.13 | $2.11 | $1.95 | $0.99 | $1.17 | $2.66 | $1.28 | $1.24 | $1.83 | $1.50 | $0.78 |
Dividend yield | 7.07% | 7.44% | 7.43% | 3.92% | 5.27% | 9.43% | 4.70% | 4.97% | 8.56% | 6.16% | 3.55% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Balanced Fund I Class. 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 | $0.14 | $0.00 | $0.00 | $0.00 | $0.14 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $1.66 | $2.11 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $1.51 | $1.95 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.59 | $0.99 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.82 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $2.36 | $2.66 |
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 Balanced Fund I Class. 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 Balanced Fund I Class was 25.49%, occurring on Mar 23, 2020. Recovery took 93 trading sessions.
The current T. Rowe Price Balanced Fund I Class drawdown is 0.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -25.49%Mar 2020 | 1mo 9d | 4mo 14d | 5mo 23dFeb 2020 - Aug 2020 |
Bear market2022 | -23.32%Oct 2022 | 11mo 9d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -12.28%Dec 2018 | 10mo 29d | 3mo 8d | 1y 2moJan 2018 - Apr 2019 |
2025 selloff2025 | -10.40%Apr 2025 | 1mo 18d | 1mo 8d | 2mo 26dFeb 2025 - May 2025 |
2026 pullback2026 | -7.11%Mar 2026 | 29d | 21d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| RBAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.49% | -56.78% | +31.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -9.10% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -10.40% | -18.90% | +8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -25.43% | +2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -25.49% | -33.92% | +8.43% |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -10.72% | +6.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.97% | -0.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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