VANGUARD EVERGREEN ETF PORTFOLIO

Asset Allocation

Position	Category/Sector	Target Weight
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	35%
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF	Europe Equities	10%
VFVA Vanguard U.S. Value Factor ETF	Mid Cap Value Equities	15%
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	Asia Pacific Equities	10%
VGER.DE Vanguard Germany All Cap UCITS ETF Dist	Europe Equities	5%
VGPMX Vanguard Global Capital Cycles Fund	Global Equities	10%
VNQI Vanguard Global ex-U.S. Real Estate ETF	REIT	5%
VSS Vanguard FTSE All-World ex-US Small-Cap ETF	Foreign Small & Mid Cap Equities	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in VANGUARD EVERGREEN ETF PORTFOLIO , 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.

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The earliest data available for this chart is Jul 19, 2018, corresponding to the inception date of VGER.DE

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio VANGUARD EVERGREEN ETF PORTFOLIO	-0.66%	-3.05%	3.57%	8.89%	31.39%	16.38%	9.38%	—
Portfolio components:
VEA Vanguard FTSE Developed Markets ETF	-0.77%	-2.79%	3.65%	8.84%	30.37%	16.09%	8.76%	9.49%
VFVA Vanguard U.S. Value Factor ETF	0.22%	-3.26%	2.32%	6.55%	19.70%	14.20%	9.74%	—
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	-2.21%	-4.17%	12.54%	21.25%	54.34%	18.81%	9.59%	—
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF	-0.51%	-1.59%	-0.63%	4.49%	21.70%	14.78%	9.44%	9.18%
VSS Vanguard FTSE All-World ex-US Small-Cap ETF	-0.89%	-3.51%	2.34%	4.98%	30.37%	13.86%	5.51%	7.76%
VNQI Vanguard Global ex-U.S. Real Estate ETF	-0.29%	-7.28%	-2.23%	-1.45%	15.05%	7.76%	-0.35%	2.56%
VGPMX Vanguard Global Capital Cycles Fund	1.38%	-1.38%	9.34%	21.84%	63.85%	26.13%	19.75%	12.90%
VGER.DE Vanguard Germany All Cap UCITS ETF Dist	-0.89%	-3.17%	-6.25%	-5.55%	9.74%	14.84%	6.05%	—

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jul 20, 2018, VANGUARD EVERGREEN ETF PORTFOLIO 's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, your investment would double in approximately 6.8 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Mar 2020 at -17.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, VANGUARD EVERGREEN ETF PORTFOLIO closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 12, 2020 at -11.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.40%	5.75%	-9.11%	1.27%									3.57%
2025	3.92%	1.24%	-0.17%	2.50%	5.44%	4.46%	-1.04%	4.89%	2.84%	1.25%	1.46%	3.39%	34.42%
2024	-2.08%	2.01%	4.49%	-3.14%	4.09%	-1.35%	3.77%	1.99%	1.84%	-4.32%	1.23%	-4.32%	3.66%
2023	8.92%	-3.67%	0.88%	1.88%	-4.46%	5.18%	4.29%	-4.11%	-3.58%	-3.81%	8.85%	6.39%	16.39%
2022	-3.22%	-0.91%	1.32%	-6.42%	1.79%	-10.11%	5.19%	-4.64%	-9.82%	6.49%	11.78%	-2.04%	-12.25%
2021	-0.17%	3.90%	3.49%	3.46%	3.55%	-1.30%	0.15%	1.31%	-3.40%	3.33%	-4.10%	4.72%	15.44%

Benchmark Metrics

VANGUARD EVERGREEN ETF PORTFOLIO has an annualized alpha of 0.14%, beta of 0.76, and R² of 0.71 versus S&P 500 Index. Calculated based on daily prices since July 20, 2018.

This portfolio participated in 95.25% of S&P 500 Index downside but only 84.72% of its upside — more exposed to losses than it benefited from rallies.

Alpha: 0.14%

Beta: 0.76

R²: 0.71

Upside Capture: 84.72%

Downside Capture: 95.25%

Expense Ratio

VANGUARD EVERGREEN ETF PORTFOLIO has an expense ratio of 0.11%, 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.

VGPMX

Vanguard Global Capital Cycles Fund

VGEJ.DE

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing

VFVA

Vanguard U.S. Value Factor ETF

VNQI

Vanguard Global ex-U.S. Real Estate ETF

VEUR.AS

Vanguard FTSE Developed Europe UCITS ETF

VGER.DE

Vanguard Germany All Cap UCITS ETF Dist

VSS

Vanguard FTSE All-World ex-US Small-Cap ETF

VEA

Vanguard FTSE Developed Markets ETF

Return for Risk

Risk / Return Rank

VANGUARD EVERGREEN ETF PORTFOLIO ranks 88 for risk / return — in the top 88% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.01	0.88	+1.13
Sortino ratio Return per unit of downside risk	2.55	1.37	+1.18
Omega ratio Gain probability vs. loss probability	1.39	1.21	+0.18
Calmar ratio Return relative to maximum drawdown	3.70	1.39	+2.31
Martin ratio Return relative to average drawdown	15.28	6.43	+8.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VEA Vanguard FTSE Developed Markets ETF	83	1.73	2.36	1.35	2.64	10.14
VFVA Vanguard U.S. Value Factor ETF	46	0.89	1.38	1.20	1.36	5.39
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	93	2.50	3.09	1.48	3.76	15.76
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF	74	1.23	1.69	1.25	3.22	12.50
VSS Vanguard FTSE All-World ex-US Small-Cap ETF	85	1.86	2.48	1.38	2.66	10.27
VNQI Vanguard Global ex-U.S. Real Estate ETF	46	1.05	1.50	1.21	1.05	4.47
VGPMX Vanguard Global Capital Cycles Fund	98	3.30	3.88	1.62	5.04	20.55
VGER.DE Vanguard Germany All Cap UCITS ETF Dist	25	0.50	0.81	1.11	0.78	2.47

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

VANGUARD EVERGREEN ETF PORTFOLIO Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 2.01
5-Year: 0.60
All Time: 0.51

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.98 to 1.66, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of VANGUARD EVERGREEN ETF PORTFOLIO compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

VANGUARD EVERGREEN ETF PORTFOLIO provided a 2.88% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.88%	2.94%	3.36%	3.48%	3.27%	3.39%	2.26%	3.46%	3.38%	2.18%	2.11%	1.97%
Portfolio components:
VEA Vanguard FTSE Developed Markets ETF	2.90%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%
VFVA Vanguard U.S. Value Factor ETF	2.09%	2.13%	2.40%	2.45%	2.21%	1.68%	2.04%	2.08%	1.65%	0.00%	0.00%	0.00%
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	2.36%	2.75%	5.36%	7.33%	7.98%	7.49%	4.34%	6.92%	7.83%	4.28%	0.00%	0.00%
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF	2.76%	2.79%	3.04%	3.00%	3.32%	2.66%	2.24%	3.24%	3.62%	3.05%	3.19%	3.10%
VSS Vanguard FTSE All-World ex-US Small-Cap ETF	3.31%	3.39%	3.44%	3.14%	2.30%	2.74%	1.90%	3.25%	2.80%	2.83%	2.93%	2.66%
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.81%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%
VGPMX Vanguard Global Capital Cycles Fund	3.57%	2.59%	2.68%	3.22%	3.27%	3.26%	2.03%	2.39%	3.02%	0.02%	1.72%	2.32%
VGER.DE Vanguard Germany All Cap UCITS ETF Dist	2.29%	2.12%	2.40%	2.96%	4.07%	1.86%	2.93%	2.55%	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 VANGUARD EVERGREEN ETF PORTFOLIO . 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 VANGUARD EVERGREEN ETF PORTFOLIO was 38.24%, occurring on Mar 23, 2020. Recovery took 169 trading sessions.

The current VANGUARD EVERGREEN ETF PORTFOLIO drawdown is 7.97%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-38.24%	Jan 21, 2020	45	Mar 23, 2020	169	Nov 16, 2020	214
-26.53%	Jan 13, 2022	183	Sep 27, 2022	322	Dec 26, 2023	505
-18.56%	Aug 1, 2018	104	Dec 24, 2018	249	Dec 11, 2019	353
-13.11%	Mar 20, 2025	14	Apr 8, 2025	17	May 2, 2025	31
-11.16%	Feb 27, 2026	21	Mar 27, 2026	—	—	—

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 8 assets, with an effective number of assets of 5.26, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	VFVA	VGER.DE	VGEJ.DE	VNQI	VEUR.AS	VGPMX	VSS	VEA	Portfolio
Benchmark	1.00	0.75	0.51	0.53	0.62	0.53	0.69	0.78	0.80	0.79
VFVA	0.75	1.00	0.47	0.49	0.59	0.52	0.69	0.70	0.73	0.80
VGER.DE	0.51	0.47	1.00	0.70	0.58	0.89	0.56	0.67	0.70	0.76
VGEJ.DE	0.53	0.49	0.70	1.00	0.64	0.78	0.65	0.73	0.72	0.79
VNQI	0.62	0.59	0.58	0.64	1.00	0.65	0.70	0.82	0.81	0.81
VEUR.AS	0.53	0.52	0.89	0.78	0.65	1.00	0.64	0.74	0.78	0.83
VGPMX	0.69	0.69	0.56	0.65	0.70	0.64	1.00	0.84	0.84	0.87
VSS	0.78	0.70	0.67	0.73	0.82	0.74	0.84	1.00	0.95	0.94
VEA	0.80	0.73	0.70	0.72	0.81	0.78	0.84	0.95	1.00	0.97
Portfolio	0.79	0.80	0.76	0.79	0.81	0.83	0.87	0.94	0.97	1.00

The correlation results are calculated based on daily price changes starting from Jul 20, 2018

VANGUARD EVERGREEN ETF PORTFOLIO

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table