Merriman 4
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Merriman 4, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
The earliest data available for this chart is Mar 2, 2016, corresponding to the inception date of VYMI
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.10% | -6.70% | -9.63% | 5.53% | 13.63% | 9.61% |
| Merriman 4 | -9.31% | -6.39% | -9.08% | 3.40% | 14.01% | N/A |
| Portfolio components: | ||||||
VOO Vanguard S&P 500 ETF | -9.81% | -6.59% | -9.07% | 6.91% | 15.38% | 11.57% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | -18.11% | -10.18% | -16.16% | -6.49% | 13.48% | 5.79% |
VSS Vanguard FTSE All-World ex-US Small-Cap ETF | 2.45% | -1.10% | -1.82% | 7.10% | 10.00% | 4.00% |
VYMI Vanguard International High Dividend Yield ETF | 10.23% | -0.54% | 5.70% | 15.18% | 15.23% | N/A |
Monthly Returns
The table below presents the monthly returns of Merriman 4, 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 | 2.25% | -2.11% | -4.34% | -5.28% | -9.31% | ||||||||
| 2024 | -1.71% | 3.49% | 3.38% | -4.31% | 4.76% | 0.43% | 4.93% | 1.05% | 1.78% | -1.86% | 6.20% | -3.94% | 14.40% |
| 2023 | 8.90% | -2.31% | -0.87% | 0.39% | -2.03% | 6.81% | 4.53% | -3.31% | -4.87% | -4.03% | 8.93% | 7.81% | 20.06% |
| 2022 | -4.37% | -0.89% | 1.82% | -7.44% | 1.33% | -8.90% | 7.85% | -4.17% | -9.79% | 9.56% | 6.07% | -5.23% | -15.34% |
| 2021 | 1.62% | 5.76% | 4.49% | 3.56% | 2.43% | 0.49% | -0.56% | 2.26% | -3.27% | 4.61% | -2.30% | 4.36% | 25.60% |
| 2020 | -3.30% | -8.70% | -18.93% | 12.27% | 4.22% | 2.93% | 4.40% | 5.89% | -3.83% | -0.77% | 14.23% | 5.67% | 9.77% |
| 2019 | 9.33% | 3.24% | -0.70% | 3.78% | -7.38% | 6.73% | 0.38% | -3.27% | 3.54% | 2.41% | 2.73% | 3.47% | 25.81% |
| 2018 | 3.94% | -4.02% | -0.55% | 0.86% | 2.50% | -0.11% | 2.76% | 1.65% | -1.11% | -8.51% | 1.23% | -9.16% | -10.97% |
| 2017 | 1.36% | 2.23% | 0.53% | 1.21% | 0.28% | 1.74% | 1.94% | -0.77% | 4.37% | 1.31% | 2.54% | 1.12% | 19.30% |
| 2016 | 4.99% | 1.80% | 0.50% | -0.28% | 4.52% | 0.52% | 1.08% | -2.87% | 5.71% | 2.42% | 19.62% |
Expense Ratio
Merriman 4 has an expense ratio of 0.10%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Merriman 4 is 31, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 0.36 | 0.64 | 1.09 | 0.37 | 1.58 |
VIOV Vanguard S&P Small-Cap 600 Value ETF | -0.20 | -0.12 | 0.99 | -0.16 | -0.55 |
VSS Vanguard FTSE All-World ex-US Small-Cap ETF | 0.45 | 0.74 | 1.10 | 0.42 | 1.54 |
VYMI Vanguard International High Dividend Yield ETF | 1.04 | 1.50 | 1.21 | 1.32 | 4.58 |
Dividends
Dividend yield
Merriman 4 provided a 2.44% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.44% | 2.26% | 2.39% | 2.20% | 2.00% | 1.76% | 2.31% | 2.36% | 2.02% | 1.93% | 1.68% | 1.57% |
| Portfolio components: | ||||||||||||
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
VIOV Vanguard S&P Small-Cap 600 Value ETF | 2.29% | 1.78% | 2.18% | 1.81% | 1.59% | 1.42% | 1.60% | 1.76% | 1.43% | 1.17% | 1.32% | 1.27% |
VSS Vanguard FTSE All-World ex-US Small-Cap ETF | 3.36% | 3.44% | 3.14% | 2.30% | 2.74% | 1.90% | 3.25% | 2.80% | 2.83% | 2.93% | 2.66% | 2.67% |
VYMI Vanguard International High Dividend Yield ETF | 4.41% | 4.84% | 4.58% | 4.71% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% | 0.00% | 0.00% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Merriman 4. 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 Merriman 4 was 38.71%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Merriman 4 drawdown is 12.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.71% | Jan 21, 2020 | 44 | Mar 23, 2020 | 166 | Nov 16, 2020 | 210 |
| -24.37% | Nov 9, 2021 | 225 | Sep 30, 2022 | 310 | Dec 26, 2023 | 535 |
| -21.68% | Aug 30, 2018 | 80 | Dec 24, 2018 | 218 | Nov 5, 2019 | 298 |
| -19.35% | Dec 5, 2024 | 84 | Apr 8, 2025 | — | — | — |
| -9.38% | Jan 29, 2018 | 9 | Feb 8, 2018 | 134 | Aug 21, 2018 | 143 |
Volatility
Volatility Chart
The current Merriman 4 volatility is 12.77%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 3.43, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| VIOV | VOO | VYMI | VSS | |
|---|---|---|---|---|
| VIOV | 1.00 | 0.73 | 0.69 | 0.68 |
| VOO | 0.73 | 1.00 | 0.74 | 0.77 |
| VYMI | 0.69 | 0.74 | 1.00 | 0.91 |
| VSS | 0.68 | 0.77 | 0.91 | 1.00 |