Merrill Lynch Edge Select Moderately Aggressive Portfolio vs Roger Gibson Talmud Portfolio Portfolio Comparison

Simulation Settings

Period: January 1985 - June 2025 (~41 years)
Consolidated Returns as of 30 June 2025

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

(Change Settings)

Results

30 Years
(1995/07 - 2025/06)

All Data
(1985/01 - 2025/06)

Inflation Adjusted:

Merrill Lynch Edge Select Moderately Aggressive Portfolio

1.00$
Invested Capital
July 1995
10.54$
Final Capital
June 2025
8.17%
Yearly Return
11.17%
Std Deviation
-38.23%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
July 1995
5.01$
Final Capital
June 2025
5.52%
Yearly Return
11.17%
Std Deviation
-39.25%
Max Drawdown
42months
Recovery Period

1.00$
Invested Capital
January 1985
47.17$
Final Capital
June 2025
9.98%
Yearly Return
11.23%
Std Deviation
-38.23%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
January 1985
15.52$
Final Capital
June 2025
7.00%
Yearly Return
11.23%
Std Deviation
-39.25%
Max Drawdown
42months
Recovery Period

Roger Gibson Talmud Portfolio

1.00$
Invested Capital
July 1995
11.33$
Final Capital
June 2025
8.43%
Yearly Return
10.93%
Std Deviation
-40.17%
Max Drawdown
41months
Recovery Period

1.00$
Invested Capital
July 1995
5.38$
Final Capital
June 2025
5.77%
Yearly Return
10.93%
Std Deviation
-42.21%
Max Drawdown
49months
Recovery Period

1.00$
Invested Capital
January 1985
35.42$
Final Capital
June 2025
9.21%
Yearly Return
10.49%
Std Deviation
-40.17%
Max Drawdown
41months
Recovery Period

1.00$
Invested Capital
January 1985
11.65$
Final Capital
June 2025
6.25%
Yearly Return
10.49%
Std Deviation
-42.21%
Max Drawdown
49months
Recovery Period

As of June 2025, in the previous 30 Years, the Merrill Lynch Edge Select Moderately Aggressive Portfolio obtained a 8.17% compound annual return, with a 11.17% standard deviation. It suffered a maximum drawdown of -38.23% that required 38 months to be recovered.

As of June 2025, in the previous 30 Years, the Roger Gibson Talmud Portfolio obtained a 8.43% compound annual return, with a 10.93% standard deviation. It suffered a maximum drawdown of -40.17% that required 41 months to be recovered.

Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the portfolio creators, who are the sole owners of their intellectual property. The translation of asset allocations into ETFs is based on the interpretation of LazyPortfolioETF.com and may not exactly reflect the original intent of the portfolio creators. Content is for informational, educational, illustrative, and entertainment purposes only.

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Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

Merrill Lynch Edge Select Moderately Aggressive Portfolio

Weight (%)	Ticker	Name
25.00	VUG	Vanguard Growth
17.00	VEU	Vanguard FTSE All-World ex-US
16.00	VTV	Vanguard Value
7.00	EEM	iShares MSCI Emerging Markets
2.00	IJS	iShares S&P Small-Cap 600 Value
2.00	IJT	iShares S&P Small-Cap 600 Growth
9.00	IEI	iShares 3-7 Year Treasury Bond
9.00	LQD	iShares Investment Grade Corporate Bond
7.00	MBB	iShares MBS
3.00	HYG	iShares iBoxx $ High Yield Corporate Bond
2.00	BIL	SPDR Blmbg Barclays 1-3 Mth T-Bill
1.00	BNDX	Vanguard Total International Bond

Roger Gibson Talmud Portfolio

Weight (%)	Ticker	Name
33.34	VTI	Vanguard Total Stock Market
33.33	VNQ	Vanguard Real Estate
33.33	BND	Vanguard Total Bond Market

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Portfolio Returns as of Jun 30, 2025

Returns are calculated in USD, assuming:

no fees or capital gain taxes.
rebalancing: at every Jan 1^st.
dividend reinvestment, when applicable.

Return Comparison

Capital Growth

30 Years
(1995/07 - 2025/06)

All Data
(1985/01 - 2025/06)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Edge Select Moderately Aggressive Merrill Lynch	1 $	10.54 $	954.29%	8.17%
Talmud Portfolio Roger Gibson	1 $	11.33 $	1 032.50%	8.43%
	Jul 1995	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Edge Select Moderately Aggressive Merrill Lynch	1 $	5.01 $	401.07%	5.52%
Talmud Portfolio Roger Gibson	1 $	5.38 $	438.24%	5.77%
	Jul 1995	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Edge Select Moderately Aggressive Merrill Lynch	1 $	47.17 $	4 616.84%	9.98%
Talmud Portfolio Roger Gibson	1 $	35.42 $	3 441.56%	9.21%
	Jan 1985	Jun 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Edge Select Moderately Aggressive Merrill Lynch	1 $	15.52 $	1 451.87%	7.00%
Talmud Portfolio Roger Gibson	1 $	11.65 $	1 065.20%	6.25%
	Jan 1985	Jun 2025

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		Return (%) as of Jun 30, 2025
		YTD (6M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~41Y)
	Edge Select Moderately Aggressive Merrill Lynch	8.07	3.92	8.07	13.40	9.98	8.54	8.17	9.98
	Talmud Portfolio Roger Gibson	3.87	2.44	3.87	10.65	7.42	7.10	8.43	9.21
Returns over 1 year are annualized.

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Portfolio Metrics as of Jun 30, 2025

The following metrics, updated as of 30 June 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON

Period: 1 July 2024 - 30 June 2025 (1 year)

Period: 1 July 2020 - 30 June 2025 (5 years)

Period: 1 July 2015 - 30 June 2025 (10 years)

Period: 1 July 1995 - 30 June 2025 (30 years)

Period: 1 January 1985 - 30 June 2025 (~41 years)

1 Year

5 Years

10 Years

30 Years

All (1985/01 - 2025/06)

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	Edge Select Moderately Aggressive	Talmud Portfolio
Author	Merrill Lynch	Roger Gibson
ASSET ALLOCATION
Stocks	69%	66.67%
Fixed Income	31%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	13.40	10.65
Infl. Adjusted (%)	10.71	8.02
DRAWDOWN
Deepest Drawdown Depth (%)	-2.56	-5.09
Start to Recovery (months)	3	7*
Longest Drawdown Depth (%)	-2.23	-5.09
Start to Recovery (months)	3	7*
Longest Negative Period (months)	7	8
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
Standard Deviation (%)	7.74	9.21
Sharpe Ratio	1.13	0.65
Sortino Ratio	1.48	0.82
Ulcer Index	1.26	2.59
Ratio: Return / Standard Deviation	1.73	1.16
Ratio: Return / Deepest Drawdown	5.23	2.09
Metrics calculated over the period 1 July 2024 - 30 June 2025

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	Edge Select Moderately Aggressive	Talmud Portfolio
Author	Merrill Lynch	Roger Gibson
ASSET ALLOCATION
Stocks	69%	66.67%
Fixed Income	31%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	9.98	7.42
Infl. Adjusted (%)	5.21	2.77
DRAWDOWN
Deepest Drawdown Depth (%)	-22.31	-22.88
Start to Recovery (months)	26	32
Longest Drawdown Depth (%)	-22.31	-22.88
Start to Recovery (months)	26	32
Longest Negative Period (months)	34	35
RISK INDICATORS
Standard Deviation (%)	12.12	12.95
Sharpe Ratio	0.60	0.37
Sortino Ratio	0.82	0.50
Ulcer Index	7.72	9.90
Ratio: Return / Standard Deviation	0.82	0.57
Ratio: Return / Deepest Drawdown	0.45	0.32
Metrics calculated over the period 1 July 2020 - 30 June 2025

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	Edge Select Moderately Aggressive	Talmud Portfolio
Author	Merrill Lynch	Roger Gibson
ASSET ALLOCATION
Stocks	69%	66.67%
Fixed Income	31%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	8.54	7.10
Infl. Adjusted (%)	5.33	3.94
DRAWDOWN
Deepest Drawdown Depth (%)	-22.31	-22.88
Start to Recovery (months)	26	32
Longest Drawdown Depth (%)	-22.31	-22.88
Start to Recovery (months)	26	32
Longest Negative Period (months)	34	35
RISK INDICATORS
Standard Deviation (%)	11.30	11.58
Sharpe Ratio	0.59	0.46
Sortino Ratio	0.79	0.61
Ulcer Index	6.02	7.39
Ratio: Return / Standard Deviation	0.76	0.61
Ratio: Return / Deepest Drawdown	0.38	0.31
Metrics calculated over the period 1 July 2015 - 30 June 2025

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	Edge Select Moderately Aggressive	Talmud Portfolio
Author	Merrill Lynch	Roger Gibson
ASSET ALLOCATION
Stocks	69%	66.67%
Fixed Income	31%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	8.17	8.43
Infl. Adjusted (%)	5.52	5.77
DRAWDOWN
Deepest Drawdown Depth (%)	-38.23	-40.17
Start to Recovery (months)	38	41
Longest Drawdown Depth (%)	-25.60	-40.17
Start to Recovery (months)	41	41
Longest Negative Period (months)	110	65
RISK INDICATORS
Standard Deviation (%)	11.17	10.93
Sharpe Ratio	0.53	0.56
Sortino Ratio	0.69	0.73
Ulcer Index	8.51	7.45
Ratio: Return / Standard Deviation	0.73	0.77
Ratio: Return / Deepest Drawdown	0.21	0.21
Metrics calculated over the period 1 July 1995 - 30 June 2025

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	Edge Select Moderately Aggressive	Talmud Portfolio
Author	Merrill Lynch	Roger Gibson
ASSET ALLOCATION
Stocks	69%	66.67%
Fixed Income	31%	33.33%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	9.98	9.21
Infl. Adjusted (%)	7.00	6.25
DRAWDOWN
Deepest Drawdown Depth (%)	-38.23	-40.17
Start to Recovery (months)	38	41
Longest Drawdown Depth (%)	-25.60	-40.17
Start to Recovery (months)	41	41
Longest Negative Period (months)	110	65
RISK INDICATORS
Standard Deviation (%)	11.23	10.49
Sharpe Ratio	0.61	0.58
Sortino Ratio	0.80	0.74
Ulcer Index	7.66	6.67
Ratio: Return / Standard Deviation	0.89	0.88
Ratio: Return / Deepest Drawdown	0.26	0.23
Metrics calculated over the period 1 January 1985 - 30 June 2025

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

DRAWDOWN COMPARISON

Period: 1 July 1995 - 30 June 2025 (30 years)

Period: 1 January 1985 - 30 June 2025 (~41 years)

30 Years
(1995/07 - 2025/06)

Chart Table

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Edge Select Moderately Aggressive			Talmud Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-40.17	41	Jun 2007 Oct 2010
-38.23	38	Nov 2007 Dec 2010
-25.60	41	Sep 2000 Jan 2004
			-22.88	32	Jan 2022 Aug 2024
-22.31	26	Jan 2022 Feb 2024
			-15.16	7	Feb 2020 Aug 2020
-14.29	7	Jan 2020 Jul 2020
-13.38	10	May 2011 Feb 2012
-10.89	7	May 1998 Nov 1998
			-10.50	8	Jun 2011 Jan 2012
			-10.43	6	Jul 1998 Dec 1998
-9.25	7	Oct 2018 Apr 2019
-8.54	14	Jun 2015 Jul 2016
			-8.26	14	Apr 2002 May 2003
			-7.57	6	Sep 2018 Feb 2019

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Edge Select Moderately Aggressive			Talmud Portfolio
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-40.17	41	Jun 2007 Oct 2010
-38.23	38	Nov 2007 Dec 2010
-25.60	41	Sep 2000 Jan 2004
			-22.88	32	Jan 2022 Aug 2024
-22.31	26	Jan 2022 Feb 2024
-19.36	17	Sep 1987 Jan 1989
			-15.52	17	Sep 1987 Jan 1989
			-15.16	7	Feb 2020 Aug 2020
-14.29	7	Jan 2020 Jul 2020
-13.38	10	May 2011 Feb 2012
-13.23	7	Aug 1990 Feb 1991
-10.89	7	May 1998 Nov 1998
			-10.50	8	Jun 2011 Jan 2012
			-10.43	6	Jul 1998 Dec 1998
			-10.14	7	Jul 1990 Jan 1991

Rolling Returns

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the Simulation Settings.

You can explore the Rolling Returns for a single portfolio, or check the return differential, by switching on "Head To Head" toggle.

Rolling Returns Comparison

Annualized Rolling Returns Chart

Rolling Returns Chart - Inflation Adjusted

Time Period: 1 January 1985 - 30 June 2025 (~41 years)

Rolling Period:

Edge Select Moderately Aggressive
Talmud Portfolio

Head To Head (Ptf 1 vs Ptf 2):

US Inflation Adjusted:

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Yearly Returns

For each year, the following table provides the return and intra-year drawdown. The highlighted returns represent the highest values for that specific year.

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	Edge Select Moderately Aggressive		Talmud Portfolio
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2025	8.07	-2.56	3.87	-3.70
2024	13.17	-3.06	10.00	-4.87
2023	19.24	-8.08	14.42	-9.16
2022	-17.08	-22.31	-19.62	-22.88
2021	12.88	-3.28	21.44	-3.93
2020	16.02	-14.29	8.02	-15.16
2019	22.30	-4.24	22.79	-1.65
2018	-5.68	-9.25	-3.78	-7.57
2017	18.60	0.00	9.90	-0.80
2016	8.18	-3.80	7.99	-4.84
2015	-1.40	-7.75	1.11	-5.69
2014	6.31	-2.65	16.24	-3.05
2013	16.88	-2.57	11.22	-4.74
2012	13.59	-5.96	12.41	-3.41
2011	-0.71	-13.38	5.83	-10.50
2010	13.09	-8.24	17.33	-7.24
2009	26.40	-13.32	20.87	-18.28
2008	-25.92	-29.30	-22.37	-28.90
2007	9.49	-3.81	-1.40	-7.11
2006	14.56	-3.15	18.42	-3.01
2005	8.32	-3.32	6.88	-3.47
2004	11.86	-3.19	15.93	-6.69
2003	25.92	-2.76	23.46	-1.81
2002	-9.91	-15.72	-2.82	-8.26
2001	-6.23	-15.50	3.27	-5.08
2000	-5.49	-9.00	9.05	-4.13
1999	18.91	-2.47	6.34	-4.64
1998	16.84	-10.89	5.18	-10.43
1997	16.20	-5.14	19.74	-1.89
1996	13.20	-3.20	19.46	-1.65
1995	23.22	-0.43	22.03	-0.94
1994	0.12	-6.49	-3.74	-8.67
1993	19.47	-2.68	13.33	-2.90
1992	3.95	-3.09	10.28	-1.73
1991	31.55	-3.84	27.78	-2.56
1990	-3.49	-13.23	-4.26	-10.14
1989	26.95	-1.61	16.87	-1.33
1988	16.80	-3.01	12.71	-1.50
1987	4.39	-19.36	0.17	-15.52
1986	23.79	-5.19	16.28	-3.57
1985	32.17	-2.00	24.20	-2.28

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of Jun 30, 2025

Portfolio Metrics as of Jun 30, 2025

Drawdowns

Rolling Returns

Yearly Returns