The invention provides a lubricating composition containing (a) 0.1 to 15 wt % of a polymer with (i) a weight average molecular weight of 100,000 to 500,000; and (ii) a shear stability index of 10 to 60; (b) a phosphorus-containing acid, salt, or ester; (c) a dispersant; and (d) an oil of lubricating viscosity. The invention further provides a method for lubricating a mechanical device with the lubricating composition.