a fund generates an annual return of 8% and a standard deviation of 17%. the benchmark market index return is 10% and has a standard deviation of 16%. based on the sharpe measure, what can you conclude regarding the performance of the fund relative to the benchmark? a fund generates an annual return of 8% and a standard deviation of 17%. the benchmark market index return is 10% and has a standard deviation of 16%. based on the sharpe measure, what can you conclude regarding the performance of the fund relative to the benchmark? the performance cannot be ascertained without information on risk-free rate. the fund outperformed the fund underperformed the fund has the same sharpe measure as the benchmark
