Merrill Edge ETFs
Asset Allocation
Performance
Performance Chart
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The earliest data available for this chart is Jun 22, 2023, corresponding to the inception date of VFLO
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.12% | 6.51% | -1.84% | 10.98% | 14.10% | 10.82% |
| Merrill Edge ETFs | 5.40% | 1.78% | 2.51% | 13.38% | N/A | N/A |
| Portfolio components: | ||||||
RPV Invesco S&P 500® Pure Value ETF | 0.68% | 2.26% | -5.31% | 9.88% | 16.48% | 7.44% |
VFLO Victoryshares Free Cash Flow ETF | -0.43% | 2.49% | -6.72% | 9.82% | N/A | N/A |
TPYP Tortoise North American Pipeline Fund | 4.20% | -1.15% | -1.14% | 30.50% | 20.88% | N/A |
XLF Financial Select Sector SPDR Fund | 5.06% | 5.02% | -0.53% | 24.86% | 18.86% | 14.29% |
AIRR First Trust RBA American Industrial Renaissance ETF | -0.18% | 10.20% | -9.50% | 6.02% | 27.23% | 15.80% |
EPI WisdomTree India Earnings Fund | 2.23% | 2.34% | -1.96% | 0.52% | 22.25% | 9.25% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 8.72% | 5.31% | 8.67% | 11.17% | 13.91% | 5.32% |
JAAA Janus Henderson AAA CLO ETF | 1.73% | 0.81% | 2.32% | 5.81% | N/A | N/A |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 2.04% | 1.46% | 1.31% | 7.16% | 5.63% | 5.85% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 2.96% | 1.25% | 2.97% | 9.75% | 3.91% | 3.92% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | -1.96% | 0.63% | -3.45% | 1.54% | 1.89% | 2.51% |
HGER Harbor Commodity All-Weather Strategy ETF | 7.41% | -1.51% | 9.20% | 5.75% | N/A | N/A |
IAUM iShares Gold Trust Micro ETF of Benef Interest | 25.60% | -1.65% | 24.93% | 39.63% | N/A | N/A |
Monthly Returns
The table below presents the monthly returns of Merrill Edge ETFs, 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 | 2.74% | -0.20% | 1.09% | -0.60% | 2.30% | 5.40% | |||||||
| 2024 | 0.20% | 2.36% | 4.48% | -1.01% | 2.61% | 0.08% | 3.35% | 1.56% | 1.91% | -0.12% | 4.09% | -3.11% | 17.37% |
| 2023 | 1.07% | 4.06% | -1.39% | -1.70% | -1.50% | 5.78% | 3.87% | 10.32% |
Expense Ratio
Merrill Edge ETFs has an expense ratio of 0.42%, placing it in the medium range. 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
With an overall rank of 86, Merrill Edge ETFs is among the top 14% of portfolios on our website when it comes to balancing risk and reward. Below is 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 | |
|---|---|---|---|---|---|
RPV Invesco S&P 500® Pure Value ETF | 0.54 | 0.84 | 1.11 | 0.63 | 2.00 |
VFLO Victoryshares Free Cash Flow ETF | 0.50 | 0.86 | 1.12 | 0.56 | 2.01 |
TPYP Tortoise North American Pipeline Fund | 1.63 | 2.07 | 1.31 | 2.33 | 8.03 |
XLF Financial Select Sector SPDR Fund | 1.23 | 1.70 | 1.25 | 1.56 | 6.05 |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.21 | 0.59 | 1.07 | 0.27 | 0.71 |
EPI WisdomTree India Earnings Fund | 0.03 | 0.11 | 1.02 | -0.01 | -0.02 |
EDIV SPDR S&P Emerging Markets Dividend ETF | 0.81 | 1.21 | 1.16 | 0.81 | 2.19 |
JAAA Janus Henderson AAA CLO ETF | 3.29 | 4.18 | 2.21 | 3.97 | 27.33 |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 1.08 | 1.51 | 1.24 | 1.30 | 6.24 |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 1.35 | 1.86 | 1.27 | 1.81 | 9.69 |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 0.23 | 0.34 | 1.06 | 0.26 | 0.77 |
HGER Harbor Commodity All-Weather Strategy ETF | 0.42 | 0.89 | 1.11 | 0.89 | 2.29 |
IAUM iShares Gold Trust Micro ETF of Benef Interest | 2.25 | 3.11 | 1.40 | 5.11 | 14.00 |
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Dividends
Dividend yield
Merrill Edge ETFs provided a 3.01% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.01% | 3.00% | 3.42% | 2.80% | 2.05% | 2.19% | 2.19% | 2.24% | 1.93% | 2.18% | 2.33% | 2.05% |
| Portfolio components: | ||||||||||||
RPV Invesco S&P 500® Pure Value ETF | 2.32% | 2.16% | 2.38% | 2.29% | 1.92% | 2.11% | 2.28% | 2.49% | 1.73% | 1.73% | 2.39% | 1.57% |
VFLO Victoryshares Free Cash Flow ETF | 1.31% | 1.20% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPYP Tortoise North American Pipeline Fund | 3.89% | 3.95% | 4.83% | 4.48% | 4.86% | 6.14% | 4.44% | 4.58% | 3.71% | 3.18% | 1.48% | 0.00% |
XLF Financial Select Sector SPDR Fund | 1.41% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.86% | 2.09% | 1.48% | 1.63% | 2.40% | 1.98% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.27% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
EPI WisdomTree India Earnings Fund | 0.26% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% | 1.02% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 3.94% | 3.94% | 4.26% | 4.94% | 3.84% | 3.52% | 3.83% | 3.41% | 2.99% | 4.94% | 5.33% | 4.84% |
JAAA Janus Henderson AAA CLO ETF | 6.03% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.35% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.79% | 5.81% | 6.80% |
HYEM VanEck Vectors Emerging Markets High Yield Bond ETF | 6.58% | 6.34% | 6.27% | 6.47% | 5.33% | 5.56% | 6.14% | 5.71% | 5.86% | 6.25% | 7.64% | 6.77% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.49% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
HGER Harbor Commodity All-Weather Strategy ETF | 3.05% | 3.28% | 7.24% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAUM iShares Gold Trust Micro ETF of Benef Interest | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Merrill Edge ETFs. 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 Merrill Edge ETFs was 8.48%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current Merrill Edge ETFs drawdown is 0.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.48% | Apr 3, 2025 | 4 | Apr 8, 2025 | 23 | May 12, 2025 | 27 |
| -4.98% | Aug 1, 2023 | 47 | Oct 5, 2023 | 35 | Nov 24, 2023 | 82 |
| -4.3% | Dec 2, 2024 | 14 | Dec 19, 2024 | 19 | Jan 21, 2025 | 33 |
| -3.93% | Jul 17, 2024 | 14 | Aug 5, 2024 | 10 | Aug 19, 2024 | 24 |
| -2.89% | Feb 20, 2025 | 14 | Mar 11, 2025 | 16 | Apr 2, 2025 | 30 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 13 assets, with an effective number of assets of 12.30, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
| ^GSPC | JAAA | HYMB | IAUM | HGER | HYEM | EPI | EDIV | TPYP | XLF | ANGL | AIRR | RPV | VFLO | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.12 | 0.19 | 0.12 | 0.14 | 0.43 | 0.45 | 0.44 | 0.43 | 0.67 | 0.62 | 0.72 | 0.61 | 0.70 | 0.69 |
| JAAA | 0.12 | 1.00 | -0.01 | -0.02 | 0.06 | 0.03 | 0.09 | 0.09 | 0.13 | 0.14 | 0.14 | 0.13 | 0.16 | 0.16 | 0.14 |
| HYMB | 0.19 | -0.01 | 1.00 | 0.14 | 0.04 | 0.31 | 0.05 | 0.19 | 0.15 | 0.12 | 0.48 | 0.14 | 0.16 | 0.13 | 0.24 |
| IAUM | 0.12 | -0.02 | 0.14 | 1.00 | 0.58 | 0.18 | 0.27 | 0.35 | 0.25 | 0.07 | 0.25 | 0.13 | 0.11 | 0.13 | 0.50 |
| HGER | 0.14 | 0.06 | 0.04 | 0.58 | 1.00 | 0.14 | 0.21 | 0.36 | 0.34 | 0.07 | 0.16 | 0.14 | 0.13 | 0.23 | 0.51 |
| HYEM | 0.43 | 0.03 | 0.31 | 0.18 | 0.14 | 1.00 | 0.29 | 0.38 | 0.31 | 0.37 | 0.54 | 0.36 | 0.35 | 0.37 | 0.47 |
| EPI | 0.45 | 0.09 | 0.05 | 0.27 | 0.21 | 0.29 | 1.00 | 0.43 | 0.31 | 0.37 | 0.37 | 0.39 | 0.39 | 0.38 | 0.57 |
| EDIV | 0.44 | 0.09 | 0.19 | 0.35 | 0.36 | 0.38 | 0.43 | 1.00 | 0.32 | 0.35 | 0.42 | 0.35 | 0.41 | 0.40 | 0.64 |
| TPYP | 0.43 | 0.13 | 0.15 | 0.25 | 0.34 | 0.31 | 0.31 | 0.32 | 1.00 | 0.55 | 0.41 | 0.52 | 0.58 | 0.64 | 0.73 |
| XLF | 0.67 | 0.14 | 0.12 | 0.07 | 0.07 | 0.37 | 0.37 | 0.35 | 0.55 | 1.00 | 0.52 | 0.68 | 0.82 | 0.72 | 0.69 |
| ANGL | 0.62 | 0.14 | 0.48 | 0.25 | 0.16 | 0.54 | 0.37 | 0.42 | 0.41 | 0.52 | 1.00 | 0.55 | 0.55 | 0.55 | 0.65 |
| AIRR | 0.72 | 0.13 | 0.14 | 0.13 | 0.14 | 0.36 | 0.39 | 0.35 | 0.52 | 0.68 | 0.55 | 1.00 | 0.68 | 0.74 | 0.73 |
| RPV | 0.61 | 0.16 | 0.16 | 0.11 | 0.13 | 0.35 | 0.39 | 0.41 | 0.58 | 0.82 | 0.55 | 0.68 | 1.00 | 0.82 | 0.77 |
| VFLO | 0.70 | 0.16 | 0.13 | 0.13 | 0.23 | 0.37 | 0.38 | 0.40 | 0.64 | 0.72 | 0.55 | 0.74 | 0.82 | 1.00 | 0.80 |
| Portfolio | 0.69 | 0.14 | 0.24 | 0.50 | 0.51 | 0.47 | 0.57 | 0.64 | 0.73 | 0.69 | 0.65 | 0.73 | 0.77 | 0.80 | 1.00 |