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Paul Merriman UBH X10 Portfolio best in class 2025
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Paul Merriman UBH X10 Portfolio best in class 2025

Last updated Apr 22, 2025

Merriman Foundation ultimate buy and hold 10 ETF holding portfolio with Paul's 2025 recommended ETFs within the 10 holdings. Target return is 8.5% over a 20 year period. 12% over 40+ years. Updated on 3/22/25 from Paul's newest bootcamp yearly update.

Asset Allocation

AVUS 10%AVUV 10%AVDE 10%AVDV 10%AVLV 10%AVSC 10%DFIV 10%AVDS 10%AVEM 5%AVEE 5%VNQ 10%EquityEquityMulti-AssetMulti-AssetReal EstateReal Estate
PositionCategory/SectorTarget Weight
AVDE
Avantis International Equity ETF		Foreign Large Cap Equities
10%
AVDS
Avantis International Small Cap Equity ETF		Foreign Small & Mid Cap Equities
10%
AVDV
Avantis International Small Cap Value ETF		Foreign Small & Mid Cap Equities, Actively Managed
10%
AVEE
Avantis Emerging Markets Small Cap Equity ETF		Emerging Markets Diversified
5%
AVEM
Avantis Emerging Markets Equity ETF		Foreign Large Cap Equities
5%
AVLV
Avantis U.S. Large Cap Value ETF		Large Cap Value Equities
10%
AVSC
Avantis US Small Cap Equity ETF		Small Cap Value Equities
10%
AVUS
Avantis U.S. Equity ETF		Large Cap Growth Equities, Actively Managed
10%
AVUV
Avantis U.S. Small Cap Value ETF		Small Cap Value Equities, Actively Managed
10%
DFIV
Dimensional International Value ETF		Foreign Large Cap Equities
10%
IJR
iShares Core S&P Small-Cap ETF		Small Cap Growth Equities
0%
RPV
Invesco S&P 500® Pure Value ETF		All Cap Equities
0%
VNQ
Vanguard Real Estate ETF		REIT
10%

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Paul Merriman UBH X10 Portfolio best in class 2025, 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 year.

10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%NovemberDecember2025FebruaryMarchApril
19.61%
18.65%
Paul Merriman UBH X10 Portfolio best in class 2025
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Nov 9, 2023, corresponding to the inception date of AVEE

Returns By Period

YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500		-12.30%-8.99%-11.89%3.84%13.06%9.34%
Paul Merriman UBH X10 Portfolio best in class 2025-3.72%-5.63%-5.94%4.84%N/AN/A
Portfolio components:
VNQ
Vanguard Real Estate ETF		-3.57%-4.84%-9.27%12.09%7.12%4.42%
AVUS
Avantis U.S. Equity ETF		-12.48%-9.11%-11.99%1.31%15.69%N/A
RPV
Invesco S&P 500® Pure Value ETF		-5.48%-7.25%-4.12%2.87%17.97%6.79%
AVUV
Avantis U.S. Small Cap Value ETF		-18.05%-9.96%-17.42%-8.98%21.45%N/A
AVDE
Avantis International Equity ETF		7.63%-2.26%2.68%11.33%13.06%N/A
AVDV
Avantis International Small Cap Value ETF		7.59%-1.32%4.64%14.12%16.22%N/A
AVEM
Avantis Emerging Markets Equity ETF		-1.17%-5.74%-7.19%5.93%9.48%N/A
IJR
iShares Core S&P Small-Cap ETF		-17.84%-10.43%-17.68%-6.68%12.29%6.32%
AVLV
Avantis U.S. Large Cap Value ETF		-10.91%-9.01%-10.58%-1.49%N/AN/A
AVSC
Avantis US Small Cap Equity ETF		-19.07%-10.91%-18.44%-8.43%N/AN/A
DFIV
Dimensional International Value ETF		8.87%-3.96%4.90%11.49%N/AN/A
AVDS
Avantis International Small Cap Equity ETF		5.52%-1.51%1.92%10.53%N/AN/A
AVEE
Avantis Emerging Markets Small Cap Equity ETF		-4.16%-5.70%-8.75%1.30%N/AN/A
*Annualized

Monthly Returns

The table below presents the monthly returns of Paul Merriman UBH X10 Portfolio best in class 2025, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20252.65%-0.26%-1.55%-4.47%-3.72%
2024-2.28%3.12%4.16%-3.85%4.83%-1.39%5.20%0.94%1.79%-2.93%4.33%-4.65%8.90%
20236.04%7.58%14.08%

Expense Ratio

Paul Merriman UBH X10 Portfolio best in class 2025 has an expense ratio of 0.25%, 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.

AVEE
Avantis Emerging Markets Small Cap Equity ETF
Expense ratio chart for AVEE: current value is 0.42%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVEE: 0.42%
AVDV
Avantis International Small Cap Value ETF
Expense ratio chart for AVDV: current value is 0.36%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVDV: 0.36%
RPV
Invesco S&P 500® Pure Value ETF
Expense ratio chart for RPV: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
RPV: 0.35%
AVEM
Avantis Emerging Markets Equity ETF
Expense ratio chart for AVEM: current value is 0.33%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVEM: 0.33%
AVDS
Avantis International Small Cap Equity ETF
Expense ratio chart for AVDS: current value is 0.30%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVDS: 0.30%
DFIV
Dimensional International Value ETF
Expense ratio chart for DFIV: current value is 0.27%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DFIV: 0.27%
AVUV
Avantis U.S. Small Cap Value ETF
Expense ratio chart for AVUV: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVUV: 0.25%
AVSC
Avantis US Small Cap Equity ETF
Expense ratio chart for AVSC: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVSC: 0.25%
AVDE
Avantis International Equity ETF
Expense ratio chart for AVDE: current value is 0.23%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVDE: 0.23%
AVUS
Avantis U.S. Equity ETF
Expense ratio chart for AVUS: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVUS: 0.15%
AVLV
Avantis U.S. Large Cap Value ETF
Expense ratio chart for AVLV: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
AVLV: 0.15%
VNQ
Vanguard Real Estate ETF
Expense ratio chart for VNQ: current value is 0.12%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VNQ: 0.12%
IJR
iShares Core S&P Small-Cap ETF
Expense ratio chart for IJR: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IJR: 0.07%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Paul Merriman UBH X10 Portfolio best in class 2025 is 45, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of Paul Merriman UBH X10 Portfolio best in class 2025 is 4545
Overall Rank
The Sharpe Ratio Rank of Paul Merriman UBH X10 Portfolio best in class 2025 is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of Paul Merriman UBH X10 Portfolio best in class 2025 is 4141
Sortino Ratio Rank
The Omega Ratio Rank of Paul Merriman UBH X10 Portfolio best in class 2025 is 4141
Omega Ratio Rank
The Calmar Ratio Rank of Paul Merriman UBH X10 Portfolio best in class 2025 is 4848
Calmar Ratio Rank
The Martin Ratio Rank of Paul Merriman UBH X10 Portfolio best in class 2025 is 5151
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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
The chart of Sharpe ratio for Portfolio, currently valued at 0.30, compared to the broader market-4.00-2.000.002.00
Portfolio: 0.30
^GSPC: 0.14
The chart of Sortino ratio for Portfolio, currently valued at 0.54, compared to the broader market-6.00-4.00-2.000.002.004.00
Portfolio: 0.54
^GSPC: 0.33
The chart of Omega ratio for Portfolio, currently valued at 1.07, compared to the broader market0.400.600.801.001.201.401.60
Portfolio: 1.07
^GSPC: 1.05
The chart of Calmar ratio for Portfolio, currently valued at 0.34, compared to the broader market0.001.002.003.004.005.006.00
Portfolio: 0.34
^GSPC: 0.14
The chart of Martin ratio for Portfolio, currently valued at 1.59, compared to the broader market0.005.0010.0015.0020.00
Portfolio: 1.59
^GSPC: 0.62
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
VNQ
Vanguard Real Estate ETF		0.701.051.140.722.45
AVUS
Avantis U.S. Equity ETF		0.040.201.030.040.19
RPV
Invesco S&P 500® Pure Value ETF		0.270.511.070.331.14
AVUV
Avantis U.S. Small Cap Value ETF		-0.31-0.290.96-0.27-0.85
AVDE
Avantis International Equity ETF		0.661.021.140.842.72
AVDV
Avantis International Small Cap Value ETF		0.781.181.171.023.58
AVEM
Avantis Emerging Markets Equity ETF		0.310.571.070.331.01
IJR
iShares Core S&P Small-Cap ETF		-0.24-0.190.98-0.20-0.68
AVLV
Avantis U.S. Large Cap Value ETF		-0.070.041.01-0.06-0.26
AVSC
Avantis US Small Cap Equity ETF		-0.29-0.270.97-0.26-0.80
DFIV
Dimensional International Value ETF		0.701.051.150.823.19
AVDS
Avantis International Small Cap Equity ETF		0.590.921.130.762.43
AVEE
Avantis Emerging Markets Small Cap Equity ETF		0.070.221.030.060.19

The current Paul Merriman UBH X10 Portfolio best in class 2025 Sharpe ratio is 0.30. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 0.13 to 0.69, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of Paul Merriman UBH X10 Portfolio best in class 2025 with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2025FebruaryMarchApril
0.30
0.14
Paul Merriman UBH X10 Portfolio best in class 2025
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

Paul Merriman UBH X10 Portfolio best in class 2025 provided a 2.81% dividend yield over the last twelve months.

TTM20242023202220212020201920182017201620152014
Portfolio2.81%2.73%2.30%2.15%1.37%1.04%0.50%0.47%0.42%0.48%0.39%0.36%
Portfolio components:
VNQ
Vanguard Real Estate ETF		4.27%3.85%3.95%3.91%2.56%3.93%3.39%4.74%4.23%4.82%3.92%3.60%
AVUS
Avantis U.S. Equity ETF		1.49%1.27%1.41%1.60%1.08%1.19%0.35%0.00%0.00%0.00%0.00%0.00%
RPV
Invesco S&P 500® Pure Value ETF		2.47%2.16%2.38%2.29%1.92%2.11%2.28%2.49%1.73%1.73%2.39%1.57%
AVUV
Avantis U.S. Small Cap Value ETF		2.02%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%0.00%
AVDE
Avantis International Equity ETF		3.06%3.29%3.01%2.79%2.46%1.63%0.29%0.00%0.00%0.00%0.00%0.00%
AVDV
Avantis International Small Cap Value ETF		4.01%4.31%3.29%3.17%2.39%1.67%0.36%0.00%0.00%0.00%0.00%0.00%
AVEM
Avantis Emerging Markets Equity ETF		3.21%3.17%3.06%2.77%2.61%1.60%0.35%0.00%0.00%0.00%0.00%0.00%
IJR
iShares Core S&P Small-Cap ETF		2.50%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.21%1.48%1.23%
AVLV
Avantis U.S. Large Cap Value ETF		1.86%1.58%1.85%2.00%0.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AVSC
Avantis US Small Cap Equity ETF		1.47%1.18%1.42%1.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DFIV
Dimensional International Value ETF		3.72%3.88%3.93%3.84%2.30%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AVDS
Avantis International Small Cap Equity ETF		2.91%3.07%0.72%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AVEE
Avantis Emerging Markets Small Cap Equity ETF		3.40%3.26%0.39%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.

-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-8.24%
-16.05%
Paul Merriman UBH X10 Portfolio best in class 2025
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Paul Merriman UBH X10 Portfolio best in class 2025. 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 Paul Merriman UBH X10 Portfolio best in class 2025 was 15.19%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current Paul Merriman UBH X10 Portfolio best in class 2025 drawdown is 8.24%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-15.19%Feb 19, 202535Apr 8, 2025———
-7.56%Jul 17, 202414Aug 5, 202414Aug 23, 202428
-6.31%Dec 2, 202427Jan 10, 202525Feb 18, 202552
-5.04%Apr 1, 202413Apr 17, 202419May 14, 202432
-4.66%Dec 28, 202313Jan 17, 202428Feb 27, 202441

Volatility

Volatility Chart

The current Paul Merriman UBH X10 Portfolio best in class 2025 volatility is 11.65%, 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.

2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
11.65%
13.75%
Paul Merriman UBH X10 Portfolio best in class 2025
Benchmark (^GSPC)
Portfolio components

Diversification

Diversification Metrics

Number of Effective Assets
2.004.006.008.0010.0012.00
Effective Assets: 10.53

The portfolio contains 13 assets, with an effective number of assets of 10.53, 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

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
VNQAVEEAVEMRPVDFIVAVDVAVSCAVUVAVUSAVDSIJRAVLVAVDE
VNQ1.000.390.400.650.520.530.630.610.600.550.680.630.55
AVEE0.391.000.930.450.700.700.520.510.580.710.510.540.72
AVEM0.400.931.000.450.720.730.530.520.640.740.530.580.76
RPV0.650.450.451.000.650.590.790.830.720.590.810.840.63
DFIV0.520.700.720.651.000.930.660.670.670.910.650.690.96
AVDV0.530.700.730.590.931.000.660.670.680.970.650.680.95
AVSC0.630.520.530.790.660.661.000.970.840.690.980.860.69
AVUV0.610.510.520.830.670.670.971.000.850.670.970.900.68
AVUS0.600.580.640.720.670.680.840.851.000.730.870.940.74
AVDS0.550.710.740.590.910.970.690.670.731.000.680.700.96
IJR0.680.510.530.810.650.650.980.970.870.681.000.890.69
AVLV0.630.540.580.840.690.680.860.900.940.700.891.000.73
AVDE0.550.720.760.630.960.950.690.680.740.960.690.731.00
The correlation results are calculated based on daily price changes starting from Nov 10, 2023
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The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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