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Merr
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


VFIAX 15.8%VVIAX 15.8%VTMSX 15.8%VSIAX 15.8%VTRIX 10.8%VTMGX 5.4%VFSAX 5.4%VEMAX 5.4%VGSLX 7%VGRLX 2.8%EquityEquityReal EstateReal Estate
PositionCategory/SectorTarget Weight
VEMAX
Vanguard Emerging Markets Stock Index Fund Admiral Shares
Emerging Markets Equities
5.40%
VFIAX
Vanguard 500 Index Fund Admiral Shares
Large Cap Blend Equities
15.80%
VFSAX
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares
Foreign Small & Mid Cap Equities
5.40%
VGRLX
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares
REIT
2.80%
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
REIT
7%
VSIAX
Vanguard Small-Cap Value Index Fund Admiral Shares
Small Cap Value Equities
15.80%
VTMGX
Vanguard Developed Markets Index Fund Admiral Shares
Large Cap Growth Equities, Foreign Large Cap Equities
5.40%
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares
Small Cap Blend Equities
15.80%
VTRIX
Vanguard International Value Fund
Foreign Large Cap Equities
10.80%
VVIAX
Vanguard Value Index Fund Admiral Shares
Large Cap Value Equities
15.80%

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Merr, 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.


0.00%5.00%10.00%15.00%SeptemberOctoberNovemberDecember2025February
9.46%
15.23%
Merr
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Feb 7, 2019, corresponding to the inception date of VFSAX

Returns By Period


YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500
2.66%1.61%15.23%22.15%12.59%11.41%
Merr2.88%2.22%9.46%16.45%8.64%N/A
VFIAX
Vanguard 500 Index Fund Admiral Shares
2.74%1.68%15.97%23.78%14.31%13.40%
VVIAX
Vanguard Value Index Fund Admiral Shares
4.06%3.40%10.48%19.31%10.70%10.50%
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares
2.65%1.62%10.05%17.17%9.01%9.14%
VSIAX
Vanguard Small-Cap Value Index Fund Admiral Shares
2.91%2.24%11.54%19.22%10.62%8.98%
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
1.39%1.02%1.70%13.71%2.66%4.66%
VTMGX
Vanguard Developed Markets Index Fund Admiral Shares
4.43%3.95%6.21%9.22%5.63%5.64%
VTRIX
Vanguard International Value Fund
3.17%3.55%-1.25%0.68%3.19%3.75%
VFSAX
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares
0.99%0.71%4.23%7.93%3.75%N/A
VEMAX
Vanguard Emerging Markets Stock Index Fund Admiral Shares
1.20%1.06%8.35%16.12%3.56%3.86%
VGRLX
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares
1.97%1.63%1.87%5.12%-4.04%0.73%
*Annualized

Monthly Returns

The table below presents the monthly returns of Merr, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20253.12%2.88%
2024-1.43%3.62%3.80%-4.31%4.15%-0.20%5.17%1.67%2.12%-2.44%5.34%-5.65%11.63%
20237.46%-2.97%-0.83%0.37%-2.59%6.63%4.16%-3.27%-4.59%-3.74%8.45%7.17%15.95%
2022-4.12%-1.34%1.75%-6.55%1.06%-8.59%7.23%-3.69%-9.69%8.38%7.22%-4.46%-13.97%
20210.80%5.05%3.93%3.78%2.17%0.03%-0.16%2.07%-3.60%4.57%-2.81%4.97%22.35%
2020-2.53%-8.48%-18.20%10.85%3.98%2.32%4.22%4.58%-3.18%-0.79%14.01%5.56%8.46%
20192.81%0.15%3.07%-6.27%6.18%0.30%-2.75%2.88%2.29%2.20%3.25%14.40%

Expense Ratio

Merr has an expense ratio of 0.11%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


Expense ratio chart for VTRIX: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%
Expense ratio chart for VFSAX: current value at 0.16% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.16%
Expense ratio chart for VEMAX: current value at 0.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.14%
Expense ratio chart for VGSLX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%
Expense ratio chart for VGRLX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%
Expense ratio chart for VTMSX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%
Expense ratio chart for VSIAX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for VTMGX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for VVIAX: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%
Expense ratio chart for VFIAX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Merr is 25, meaning it’s performing worse than 75% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of Merr is 2525
Overall Rank
The Sharpe Ratio Rank of Merr is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of Merr is 2121
Sortino Ratio Rank
The Omega Ratio Rank of Merr is 2222
Omega Ratio Rank
The Calmar Ratio Rank of Merr is 3333
Calmar Ratio Rank
The Martin Ratio Rank of Merr is 2626
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 Merr, currently valued at 1.23, compared to the broader market-6.00-4.00-2.000.002.004.001.231.80
The chart of Sortino ratio for Merr, currently valued at 1.71, compared to the broader market-6.00-4.00-2.000.002.004.006.001.712.42
The chart of Omega ratio for Merr, currently valued at 1.22, compared to the broader market0.501.001.501.221.33
The chart of Calmar ratio for Merr, currently valued at 2.15, compared to the broader market0.002.004.006.008.0010.0012.0014.002.152.72
The chart of Martin ratio for Merr, currently valued at 6.25, compared to the broader market0.0010.0020.0030.0040.006.2511.10
Merr
^GSPC

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
VFIAX
Vanguard 500 Index Fund Admiral Shares
1.922.581.352.9212.12
VVIAX
Vanguard Value Index Fund Admiral Shares
1.742.461.312.507.60
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares
0.761.211.151.263.61
VSIAX
Vanguard Small-Cap Value Index Fund Admiral Shares
1.071.581.201.814.65
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
0.610.911.120.382.23
VTMGX
Vanguard Developed Markets Index Fund Admiral Shares
0.610.921.110.781.88
VTRIX
Vanguard International Value Fund
-0.030.061.01-0.02-0.06
VFSAX
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares
0.490.741.090.371.59
VEMAX
Vanguard Emerging Markets Stock Index Fund Admiral Shares
1.221.771.220.713.80
VGRLX
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares
0.300.511.060.140.59

The current Merr Sharpe ratio is 1.16. 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 1.26 to 1.98, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of Merr 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 Ratio1.001.502.002.503.003.50SeptemberOctoberNovemberDecember2025February
1.23
1.80
Merr
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

Merr provided a 2.29% dividend yield over the last twelve months.


TTM20242023202220212020201920182017201620152014
Portfolio2.29%2.35%2.39%2.30%2.09%1.86%2.48%2.44%1.98%2.17%2.17%2.48%
VFIAX
Vanguard 500 Index Fund Admiral Shares
1.20%1.24%1.45%1.68%1.24%1.53%1.87%2.05%1.78%2.02%2.10%1.85%
VVIAX
Vanguard Value Index Fund Admiral Shares
2.21%2.30%2.45%2.51%2.14%2.54%2.49%2.72%2.29%2.45%2.60%2.83%
VTMSX
Vanguard Tax-Managed Small-Cap Fund Admiral Shares
1.41%1.44%1.50%1.51%1.16%1.09%1.15%1.26%1.11%1.01%1.26%1.99%
VSIAX
Vanguard Small-Cap Value Index Fund Admiral Shares
1.92%1.98%2.12%2.03%1.75%1.68%2.06%2.35%1.79%1.77%1.99%1.77%
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
3.80%3.85%3.96%3.91%2.56%3.92%3.39%4.73%4.23%4.82%3.92%4.96%
VTMGX
Vanguard Developed Markets Index Fund Admiral Shares
3.19%3.33%3.14%2.89%3.14%2.02%3.03%3.34%2.78%3.06%2.91%4.33%
VTRIX
Vanguard International Value Fund
2.77%2.86%2.78%2.75%2.61%1.58%2.96%2.94%1.86%2.29%2.13%2.79%
VFSAX
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares
3.32%3.36%3.05%2.22%2.67%1.85%3.18%0.00%0.00%0.00%0.00%0.00%
VEMAX
Vanguard Emerging Markets Stock Index Fund Admiral Shares
3.09%3.12%3.46%4.05%2.57%1.87%3.19%2.85%2.30%2.51%3.25%2.86%
VGRLX
Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares
5.07%5.17%3.74%0.56%6.49%0.92%7.76%4.62%3.86%5.17%2.84%4.08%

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.


-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2025February
-2.94%
-1.32%
Merr
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Merr. 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 Merr was 38.23%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.

The current Merr drawdown is 3.14%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-38.23%Jan 21, 202044Mar 23, 2020166Nov 16, 2020210
-23.36%Jan 5, 2022186Sep 30, 2022345Feb 15, 2024531
-7.11%Dec 2, 202427Jan 10, 2025
-6.68%May 6, 201919May 31, 201923Jul 3, 201942
-6.6%Jul 17, 202414Aug 5, 202414Aug 23, 202428

Volatility

Volatility Chart

The current Merr volatility is 3.59%, 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%3.00%4.00%5.00%6.00%SeptemberOctoberNovemberDecember2025February
3.59%
4.08%
Merr
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

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

VGSLXVEMAXVGRLXVTMSXVVIAXVFIAXVSIAXVFSAXVTRIXVTMGX
VGSLX1.000.410.600.660.690.650.700.580.560.59
VEMAX0.411.000.720.570.570.650.570.820.820.77
VGRLX0.600.721.000.600.620.650.620.840.810.82
VTMSX0.660.570.601.000.840.780.970.730.740.73
VVIAX0.690.570.620.841.000.840.890.730.770.77
VFIAX0.650.650.650.780.841.000.800.780.780.81
VSIAX0.700.570.620.970.890.801.000.740.770.76
VFSAX0.580.820.840.730.730.780.741.000.920.95
VTRIX0.560.820.810.740.770.780.770.921.000.96
VTMGX0.590.770.820.730.770.810.760.950.961.00
The correlation results are calculated based on daily price changes starting from Feb 8, 2019
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Disclaimer

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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