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

Currency in USD · Last updated May 21, 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

Position	Category/Sector	Target Weight
AVDE Avantis International Equity ETF	Foreign Large Cap Equities	10%
AVDV Avantis International Small Cap Value ETF	Foreign Small & Mid Cap Equities, Actively Managed	10%
AVEM Avantis Emerging Markets Equity ETF	Foreign Large Cap Equities	10%
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%
FNDC Schwab Fundamental International Small Co. Index ETF	Foreign Small & Mid 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%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Jan 13, 2022, corresponding to the inception date of AVSC

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	1.00%	12.45%	0.40%	11.91%	15.04%	10.82%
Paul Merriman UBH X10 Portfolio best in class 2025	6.92%	9.53%	4.56%	9.32%	N/A	N/A
Portfolio components:
VNQ Vanguard Real Estate ETF	1.83%	3.40%	-3.53%	10.81%	8.40%	5.31%
AVUS Avantis U.S. Equity ETF	0.68%	12.49%	-1.06%	9.68%	17.16%	N/A
RPV Invesco S&P 500® Pure Value ETF	3.71%	7.83%	0.51%	10.24%	18.24%	7.63%
AVUV Avantis U.S. Small Cap Value ETF	-6.41%	11.87%	-10.11%	-1.89%	21.04%	N/A
AVDE Avantis International Equity ETF	17.73%	9.02%	16.05%	14.28%	13.78%	N/A
AVDV Avantis International Small Cap Value ETF	16.69%	8.49%	16.92%	16.89%	16.21%	N/A
AVEM Avantis Emerging Markets Equity ETF	9.95%	11.29%	8.07%	6.86%	10.94%	N/A
IJR iShares Core S&P Small-Cap ETF	-6.32%	11.74%	-9.86%	-0.36%	12.88%	7.79%
AVLV Avantis U.S. Large Cap Value ETF	0.24%	10.15%	-2.33%	6.68%	N/A	N/A
AVSC Avantis US Small Cap Equity ETF	-6.95%	12.89%	-9.98%	-1.80%	N/A	N/A
DFIV Dimensional International Value ETF	18.97%	8.88%	16.92%	15.04%	N/A	N/A
FNDC Schwab Fundamental International Small Co. Index ETF	16.55%	8.45%	15.86%	13.91%	11.58%	5.70%

*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.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	2.77%	-0.12%	-1.50%	-0.01%	5.75%								6.92%
2024	-2.18%	3.15%	4.13%	-3.88%	4.77%	-1.28%	5.21%	0.95%	1.83%	-2.95%	4.22%	-4.65%	8.95%
2023	8.70%	-2.98%	-1.30%	0.61%	-3.64%	6.51%	5.36%	-3.54%	-3.60%	-3.98%	8.20%	7.50%	17.59%
2022	-4.32%	-1.08%	1.37%	-6.03%	1.76%	-9.85%	6.60%	-3.54%	-10.20%	7.94%	9.03%	-3.68%	-13.44%

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.

FNDC

Schwab Fundamental International Small Co. Index ETF

AVDV

Avantis International Small Cap Value ETF

RPV

Invesco S&P 500® Pure Value ETF

AVEM

Avantis Emerging Markets Equity ETF

DFIV

Dimensional International Value ETF

AVUV

Avantis U.S. Small Cap Value ETF

AVSC

Avantis US Small Cap Equity ETF

AVDE

Avantis International Equity ETF

AVUS

Avantis U.S. Equity ETF

AVLV

Avantis U.S. Large Cap Value ETF

VNQ

Vanguard Real Estate ETF

IJR

iShares Core S&P Small-Cap ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Paul Merriman UBH X10 Portfolio best in class 2025 is 31, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

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.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VNQ Vanguard Real Estate ETF	0.60	0.88	1.11	0.46	1.78
AVUS Avantis U.S. Equity ETF	0.49	0.84	1.12	0.51	1.86
RPV Invesco S&P 500® Pure Value ETF	0.57	0.87	1.11	0.65	2.04
AVUV Avantis U.S. Small Cap Value ETF	-0.07	0.08	1.01	-0.07	-0.18
AVDE Avantis International Equity ETF	0.84	1.31	1.18	1.12	3.62
AVDV Avantis International Small Cap Value ETF	0.92	1.42	1.20	1.27	4.45
AVEM Avantis Emerging Markets Equity ETF	0.35	0.67	1.09	0.41	1.20
IJR iShares Core S&P Small-Cap ETF	-0.02	0.14	1.02	-0.02	-0.05
AVLV Avantis U.S. Large Cap Value ETF	0.35	0.63	1.09	0.35	1.24
AVSC Avantis US Small Cap Equity ETF	-0.07	0.06	1.01	-0.07	-0.19
DFIV Dimensional International Value ETF	0.87	1.33	1.19	1.08	4.19
FNDC Schwab Fundamental International Small Co. Index ETF	0.86	1.37	1.18	1.22	3.03

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.

Paul Merriman UBH X10 Portfolio best in class 2025 Sharpe ratios as of May 21, 2025 (values are recalculated daily):

1-Year: 0.54
All Time: 0.30

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 0.54 to 1.03, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Paul Merriman UBH X10 Portfolio best in class 2025 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

Paul Merriman UBH X10 Portfolio best in class 2025 provided a 2.59% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	2.59%	2.77%	2.64%	2.49%	1.75%	1.30%	0.78%	0.74%	0.62%	0.68%	0.52%	0.52%
Portfolio components:
VNQ Vanguard Real Estate ETF	4.05%	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	1.30%	1.27%	1.41%	1.59%	1.08%	1.19%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%
RPV Invesco S&P 500® Pure Value ETF	2.25%	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	1.77%	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	2.80%	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	3.69%	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	2.89%	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	2.19%	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	1.66%	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	1.28%	1.17%	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	3.41%	3.88%	3.93%	3.84%	2.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNDC Schwab Fundamental International Small Co. Index ETF	3.08%	3.59%	2.86%	1.98%	2.58%	1.77%	2.71%	2.68%	1.94%	1.96%	1.30%	1.61%

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 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 23.67%, occurring on Sep 27, 2022. Recovery took 306 trading sessions.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-23.67%	Jan 14, 2022	176	Sep 27, 2022	306	Dec 14, 2023	482
-15.05%	Feb 19, 2025	35	Apr 8, 2025	23	May 12, 2025	58
-7.5%	Jul 17, 2024	14	Aug 5, 2024	14	Aug 23, 2024	28
-6.26%	Dec 2, 2024	27	Jan 10, 2025	25	Feb 18, 2025	52
-5.11%	Apr 1, 2024	13	Apr 17, 2024	19	May 14, 2024	32

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 12 assets, with an effective number of assets of 10.00, 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.

	^GSPC	VNQ	AVEM	RPV	DFIV	AVDV	FNDC	AVSC	AVDE	AVUV	IJR	AVLV	AVUS	Portfolio
^GSPC	1.00	0.66	0.67	0.73	0.68	0.68	0.73	0.78	0.75	0.76	0.81	0.87	0.96	0.85
VNQ	0.66	1.00	0.50	0.72	0.59	0.59	0.63	0.69	0.62	0.66	0.73	0.68	0.70	0.74
AVEM	0.67	0.50	1.00	0.57	0.77	0.78	0.80	0.62	0.80	0.61	0.62	0.66	0.69	0.79
RPV	0.73	0.72	0.57	1.00	0.75	0.70	0.71	0.85	0.73	0.88	0.86	0.89	0.84	0.87
DFIV	0.68	0.59	0.77	0.75	1.00	0.94	0.93	0.72	0.96	0.74	0.72	0.77	0.75	0.90
AVDV	0.68	0.59	0.78	0.70	0.94	1.00	0.97	0.72	0.96	0.73	0.72	0.75	0.75	0.91
FNDC	0.73	0.63	0.80	0.71	0.93	0.97	1.00	0.74	0.97	0.73	0.74	0.76	0.78	0.92
AVSC	0.78	0.69	0.62	0.85	0.72	0.72	0.74	1.00	0.74	0.97	0.98	0.89	0.89	0.91
AVDE	0.75	0.62	0.80	0.73	0.96	0.96	0.97	0.74	1.00	0.74	0.74	0.78	0.79	0.92
AVUV	0.76	0.66	0.61	0.88	0.74	0.73	0.73	0.97	0.74	1.00	0.96	0.92	0.89	0.91
IJR	0.81	0.73	0.62	0.86	0.72	0.72	0.74	0.98	0.74	0.96	1.00	0.90	0.91	0.91
AVLV	0.87	0.68	0.66	0.89	0.77	0.75	0.76	0.89	0.78	0.92	0.90	1.00	0.96	0.92
AVUS	0.96	0.70	0.69	0.84	0.75	0.75	0.78	0.89	0.79	0.89	0.91	0.96	1.00	0.92
Portfolio	0.85	0.74	0.79	0.87	0.90	0.91	0.92	0.91	0.92	0.91	0.91	0.92	0.92	1.00

The correlation results are calculated based on daily price changes starting from Jan 14, 2022

Performance Analysis

Risk Analysis

Optimization

Factor Model

Paul Merriman UBH X10 Portfolio best in class 2025

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

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