Sharpe Ratio · Excess Return per Unit of Volatility
unseel.com · Sharpe (1966) · (R_p − R_f) / σ_p
Sharpe
Stage
Beat
Steady portfolio · σ = 5%
Volatile portfolio · σ = 20%
Same end return (12%)
Risk-free rate (R_f = 3%)
Annualized × √252
Unseel.com · Sharpe Ratio