This measures past excess returns (annualized return less the return on a risk free cash asset) in relation to the volatility or risk of the fund. The higher the Sharpe ratio, the less risk has been run for a given level of return.
This measures past excess returns (annualized return less the return on a risk free cash asset) in relation to the volatility or risk of the fund. The higher the Sharpe ratio, the less risk has been run for a given level of return.
