T. Rowe Price Balanced Fund (RPBAX)
The fund normally invests approximately 65% of its total assets in common stocks and 35% in fixed income securities. It will invest at least 25% of its total assets in fixed income senior securities and may invest up to 35% of its total assets in foreign securities.
Fund Info
US77954G1085
77954G108
Dec 29, 1939
$2,500
Large-Cap
Blend
Expense Ratio
RPBAX has an expense ratio of 0.57%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Balanced Fund (RPBAX) returned 4.55% year-to-date (YTD) and 3.71% over the past 12 months. Over the past 10 years, RPBAX returned 3.28% annually, underperforming the S&P 500 benchmark at 10.86%.
RPBAX
4.55%
6.83%
-1.31%
3.71%
6.13%
5.69%
3.28%
^GSPC (Benchmark)
1.39%
12.89%
1.19%
12.45%
15.19%
14.95%
10.86%
Monthly Returns
The table below presents the monthly returns of RPBAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.66% | 0.63% | -2.17% | 0.23% | 3.21% | 4.55% | |||||||
| 2024 | 0.48% | 2.80% | 2.64% | -2.86% | 3.67% | 1.24% | 1.78% | 2.22% | 1.40% | -2.15% | 2.99% | -7.39% | 6.43% |
| 2023 | 5.76% | -2.68% | 2.80% | 1.71% | -0.46% | 3.53% | 2.17% | -1.65% | -3.43% | -2.17% | 7.25% | 2.69% | 15.97% |
| 2022 | -4.01% | -2.22% | 0.49% | -6.97% | 0.28% | -6.35% | 5.86% | -3.85% | -7.43% | 3.84% | 6.06% | -6.10% | -19.71% |
| 2021 | -0.62% | 2.07% | 1.70% | 3.46% | 1.00% | 0.82% | 1.22% | 1.88% | -2.97% | 3.44% | -1.78% | -5.09% | 4.86% |
| 2020 | 0.12% | -4.65% | -10.46% | 8.25% | 3.92% | 2.22% | 4.24% | 4.07% | -2.20% | -1.40% | 8.18% | -0.15% | 11.06% |
| 2019 | 5.98% | 1.94% | 1.39% | 2.40% | -3.48% | 4.56% | 0.29% | -0.12% | 0.96% | 1.45% | 1.92% | 0.56% | 19.05% |
| 2018 | 3.74% | -2.69% | -0.98% | 0.45% | 0.58% | -0.08% | 1.73% | 0.81% | -0.08% | -5.13% | 1.40% | -9.77% | -10.24% |
| 2017 | 2.23% | 2.23% | 0.78% | 1.65% | 2.05% | 0.42% | 2.18% | 0.57% | 1.02% | 1.70% | 1.31% | -3.95% | 12.72% |
| 2016 | -3.87% | -0.34% | 4.87% | 0.79% | 0.83% | -0.34% | 3.10% | 0.36% | 0.67% | -1.29% | 0.05% | -0.15% | 4.52% |
| 2015 | -0.09% | 3.63% | -0.59% | 1.07% | 0.59% | -1.73% | 1.20% | -4.46% | -2.40% | 5.26% | -0.39% | -5.96% | -4.32% |
| 2014 | -1.55% | 3.50% | -0.54% | 0.38% | 2.26% | 1.21% | -1.20% | 2.14% | -1.97% | 1.30% | 1.45% | -6.03% | 0.59% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RPBAX is 37, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Balanced Fund (RPBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
T. Rowe Price Balanced Fund provided a 2.11% dividend yield over the last twelve months, with an annual payout of $0.58 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.58 | $0.52 | $0.44 | $0.38 | $0.41 | $0.50 | $0.50 | $0.44 | $0.44 | $0.47 | $0.48 |
Dividend yield | 2.11% | 2.22% | 2.05% | 1.98% | 1.35% | 1.51% | 2.00% | 2.34% | 1.81% | 2.00% | 2.19% | 2.10% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Balanced 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | |||||||
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.58 |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.52 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.44 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.38 |
| 2020 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.41 |
| 2019 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.50 |
| 2018 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.50 |
| 2017 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.44 |
| 2016 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.44 |
| 2015 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.47 |
| 2014 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.48 |
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. 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 was 44.62%, occurring on Mar 9, 2009. Recovery took 540 trading sessions.
The current T. Rowe Price Balanced Fund drawdown is 4.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.62% | Nov 1, 2007 | 338 | Mar 9, 2009 | 540 | Apr 28, 2011 | 878 |
| -29.14% | Nov 9, 2021 | 235 | Oct 14, 2022 | — | — | — |
| -25.49% | Feb 20, 2020 | 23 | Mar 23, 2020 | 93 | Aug 4, 2020 | 116 |
| -25.29% | Sep 5, 2000 | 523 | Oct 9, 2002 | 311 | Jan 6, 2004 | 834 |
| -17.34% | Nov 28, 2014 | 303 | Feb 11, 2016 | 301 | Apr 24, 2017 | 604 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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